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Updated about 10 years ago on . Most recent reply

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Jeff Formeller
  • Kildeer, IL
2
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19
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"No Heating or Water being turned on for appraisals or inspections"?

Jeff Formeller
  • Kildeer, IL
Posted

I have been searching around for a couple months in attempt to find my first rental property to buy, and have found a foreclosure that I think has a lot of potential. However, the listing says:

"Water and heating system will not be activated for inspections and appraisals"

I am sure that this question is posted somewhere in the forums, but I was not able to locate it and wanted to see if this was common, and/or if this should be a concern?

My initial thought process is that:

A. I would have to pay to have these turned on myself for inspection/appraisal, or 

B. There is something wrong with one or the other, or both.

Any insight? I am new to investing and this would be a great learning experience to hear some answers. Thanks!

Most Popular Reply

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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,429
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied
Originally posted by @Ryan Haase:

A lot of the time, I see the meter was pulled from the house for non-payment. It's a pain to get it put back, so the back just doesn't want to deal with it.

I have an electrician who has his own meter to pop in to check houses like this .

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