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May 17, 2022, 04:21:51 pm
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May 17, 2022, 04:21:51 pm
Real Estate Investing Forums
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INSPECTION Property
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Topic: INSPECTION Property (Read 4862 times)
LeroyNethan
Member
Posts: 1
INSPECTION Property
«
on:
November 09, 2019, 04:31:11 am »
For properties that will be purchased in cash, do you only have to do this if the property is being funded or does it still need a house and termite inspection?
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Jonah_Homesprout
Member
Posts: 23
Re: INSPECTION Property
«
Reply #1 on:
November 12, 2019, 09:32:51 am »
A property can have an inspection contingency whether it’s being financed or is a cash purchase. Now whether you want to risk not having the inspection is up to you. For our company, we prefer to have inspectors come in every chance we can. It’s so easy to miss something that ends up making the whole deal unprofitable or leads to losing money on it.
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Jonah Hartsburg
HomeSprout Properties LLC, offering home-buying services in Indiana
www.homesproutbuyshouses.com
Robert Bogino
Member
Posts: 17
Re: INSPECTION Property
«
Reply #2 on:
December 12, 2019, 06:02:37 am »
Termite letters are only required from traditional lenders. Not that you shouldn't be looking for termite damage on cash sales. If you are inexperienced hire an inspector or GC to give you quotes.
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Robert Bogino
Investor and agent
www.boginoproperties.com
heartlandbuyshouses
Member
Posts: 267
Re: INSPECTION Property
«
Reply #3 on:
August 31, 2020, 09:59:57 pm »
Whatever the situation, is it recommended to INSPECT the Property :D
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Don Wede
Heartland Funding Inc.
www.heartlandbuyshouses.com
SteveKay
Member
Posts: 96
Re: INSPECTION Property
«
Reply #4 on:
September 08, 2020, 10:39:17 am »
If you are paying cash you don't need an inspection. You should however have a very good understanding of what you are getting into so should have an inspection for your own benefit.
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New Orleans Investor
https://homebuyerlouisiana.com
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