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Updated almost 12 years ago on . Most recent reply

Account Closed
  • Irving, TX
0
Votes |
17
Posts

Skip Inspection on a HUD home?

Account Closed
  • Irving, TX
Posted

Internet searching lead to horror stories on this, but everyone's talking about older HUD homes. I've got one under contract half off appraised value of $165k. PCR is clean. Home is built in 2006, new neighborhood, no trees, unoccupied less than 8 months. Why go through the trouble, cost, and risk of dewinterizing, installing meters, turning on utilities, and rewinterizing prior to closing?

Most Popular Reply

User Stats

484
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181
Votes
Mark H.
  • SFR Investor
  • Phoenix, AZ
181
Votes |
484
Posts
Mark H.
  • SFR Investor
  • Phoenix, AZ
Replied

If the deal is that good, would a defect (even a $3k one) make you walk? If the answer is no, an inspection is a waste of time & money that could be better spent on repairs.. and you *will* have repairs, even if your inspector claims the house is perfect. Inspectors cant look inside walls, foretell the future, or hypnotize pretty girls. They walk through and report what they see.. you probably have a father-in-law or a grumpy uncle who would be glad to do the same thing for a pizza, assuming you cant do it yourself.

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