Thai Nguyen Real Estate Podcast

Tips for Buying a Bank-Owned Seattle Property

June 7, 2016
Episode Description from the Publisher

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Buying a home?&nbsp;Click here to perform a full home search Selling a home?&nbsp;Click here for a FREE Home Price Evaluation Buying a bank-owned property can seem overwhelming, but it can be amazing to see the potential in the property come to life. Here are a few tips for purchasing bank-owned properties. When your offer gets accepted on a bank-owned property, you absolutely must do a full inspection. In order to know everything that is going on with the property, you need to call the utility company to turn the utilities on. Usually, the bank will shut off the water and electricity to prevent leaks and other issues while the home is vacant. The utility company will turn everything on for 24 hours. That’s when your inspector can go in, run the water, check the heating system, and make sure everything is working. It costs about $200 to turn the utilities back on for the day, and the inspection will cost about $450 or $500, depending on the size of the property. <span style="background-color: transparent; color: black; fon

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