Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Foundation Issues ~ When to get a structural engineer in?
I am in the Madison, WI area and a new to real estate! Recently there was a foreclosure put on the market. From my unprofessional eye, the foundation looks respectable after walking the property. My question is, when in the timeline would you bring an engineer to get it professionally inspected? Obviously a major foundation issue would be a deal breaker and the numbers wouldn't work. Do you put in offers before knowing the condition of the foundation or is this where contingencies come into play after an offer is accepted from the bank? Any help or advice would be greatly appreciated!! Thanks!