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Things to know about Fixer Uppers, Repairs Needed, and “AS IS” Properties for sale.

Posted by Robert Ward on Thursday, April 11th, 2019 at 3:39pm.

Here is a Tip you need to read:  Things to know about Fixer Uppers, Repairs Needed, and  “AS IS” Properties for sale

Any property that is being sold AS IS, That Needs Repairs or listed as a Fixer Upper.

If you need any financing on these types of properties it may be difficult if not impossible to get any type of loan on the property.  

So I would suggest you talk to a lender before you even going out and looking at the property. If you have any inspection, appraisals or anything done you would have to pay for it all up front then if your lender does not approve it you do not get that money back!  Keep that in mind. 

Keep this in Mind also……If a Lender where to finance such properties they will not allow You to do the repairs they would require proof that a licensed contractor did it.  

This will be the case on any property that needs repairs! So save yourself some time and money and talk to a lender first.

 

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