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Updated about 5 years ago,

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17
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4
Votes
Wendy Brockman
4
Votes |
17
Posts

Buying in Detroit - process checklist

Wendy Brockman
Posted

Hi all

I'm looking to purchase in Detroit soon. Have made some good contacts here on BP and aim to visit the city in the next 2 mths.

As part of my research I want to understand the buying process, who does what and when, the inspections and certs required, what to look out for and questions to ask.

Here's what I have on my list so far:

  • There will be an agent for the buyer and for the seller. Offer goes in subject to (inspections etc). EMD money, then full amount should the sale go ahead.
  • Inspections to be ordered - what sort? City certs for rentals etc?

Info to find out about the property:

  • How old is the roof, furnace and HVAC? (these seem to be the expensive items) 
  • Was there any foundation cracks or damage?
  • How about the sewer system?
  • Is all the siding / brick work in good repair?
  • Electric in good shape?
  • Lead paint cert from the city - does the property already have this?
  • How old are the windows, are they in good nick?
  • Any leins (tax etc??)
  • Basement dry

Thanks in advance for any info you can add to this

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