Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

1,451
Posts
462
Votes
Sam Leon
  • Investor
  • Fort Lauderdale, FL
462
Votes |
1,451
Posts

No water activation

Sam Leon
  • Investor
  • Fort Lauderdale, FL
Posted

I see more and more of this in listings:

"BANK OWNED PROPERTY SOLD AS IS WITHOUT REPAIR OR WARRANTY. LISTING AGENT HAS NO KNOWLEDGE OF PROPERTY HISTORY, NO DISCLOSURES OR ASSOCIATION DOCS SUPPLIED. BUYER/BUYER'S AGENT IS RESPONSIBLE FOR VERIFYING HOA FEES, IF ANY, COMMUNITY RULES, SQ FT, LOT SIZE, ROOM DIMENSIONS AND TAXES. AT CLOSING, IT IS SUBJECT TO A WEB TECH FEE AND MAY ALSO BE SUBJECT TO A BUYER'S PREMIUM. SELLER WILL NOT ALLOW WATER TO BE ACTIVATED FOR ANY REASON."

What does "WATER TO BE ACTIVATED" mean?

Does it mean turning on water service? As in the main valve that feeds the water to the rest of the house?

If I convince a neighbor to let me use his hosebib, and I drag a garden hose across to a hosebib of the subject house, and hook it up...turn on the neighbor's hosebib, and thus filled the supply system of the subject house with water pressure, is that considered "ACTIVATING"?

Most Popular Reply

User Stats

15,174
Posts
11,257
Votes
Joel Owens
  • Real Estate Broker
  • Canton, GA
11,257
Votes |
15,174
Posts
Joel Owens
  • Real Estate Broker
  • Canton, GA
ModeratorReplied

Sam it means the bank doesn't want water turned on to the property for any reason if you do it. Sometimes they will allow if you have the water person re-winterize.

If they will not let you test the water then I would count on reducing my offer to include the worst case scenario of replacing the entire water system. This way you come out ahead if it works but do not overpay if it doesn't work and you didn't know that because you couldn't test it.

No legal advice.

business profile image
NNN Invest
5.0 stars
3 Reviews

Loading replies...