While house hunting, you might have seen some listings of homes sold “as is.” Home buyers might find these types of homes attractive because they’re typically priced lower than similar houses. Before you purchase an “as is” home, you must be able to decipher if the home is sketchy or not.
Here’s what to watch for if you plan to purchase a home as is.
Correcting foundation problems is one of the most expensive repairs you can do to your property. The foundation of a house is one of the most, if not the most important, part of a house. Purchasing a home with a faulty foundation can cause you thousands of dollars to fix the problem.
All poured concrete foundations will crack sooner or later, but hairline cracks are not signs of foundation problems. However, contact a foundation contractor to examine the area if a crack is wider than half an inch.
This also applies to cracks that were freshly patched. Huge cracks could also be an indication of an unstable foundation.
Mold infestation should be one of the things you should watch out for when purchasing an “as is” home.
Molds in houses can cause significant health problems, especially for little kids. If you smell mold, check around windows, under sinks, and in basements for leaks.
If the leak has been going on for ages, construction materials, such as wood members, carpets, etc., may have to be replaced.
Major roof repairs can cost around $1,500 to $7,000. Therefore, you must examine the roof before purchasing an as-is home.
A sagging ceiling typically indicates that the external roof cannot prevent precipitation. Even though ceiling repairs are less costly than roof repairs, it usually means that the external roof needs further repairs, which will multiply the cost.
Sellers list their houses for sale “as is” when they don’t want to repair their property before closing. “As is,” homes may look like a bargain, but remember that most of them have hidden issues that can cost you thousands of dollars for home repairs, which is why it’s important to watch for the red flags above.
If you’re ready to become a homeowner, contact our mortgage experts to help you start your homeownership journey.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1892543
P O Box 292901
Nashville, TN 37229
Phone: (615) 782-1410
Onyx Mortgage Group strives to ensure that its services are accessible to people with disabilities. Onyx Mortgage Group has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Onyx Mortgage Group makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows OMGofNashville.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
Onyx Mortgage Group accessibility menu can be enabled by clicking the accessibility menu icon that appears on the corner on the page. After triggering the accessibility menu, please wait a moment for the accessibility menu to load in its entirety.
Onyx Mortgage Group continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Onyx Mortgage Group website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Onyx Mortgage Group website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: email@example.com