Good Pricing for Troubled Properties Can Be Affected by Neglect and Deferred Maintenance
(Grassroots Newswire) HouseMaster®, the first and one of the largest home inspection franchisors in North America, reports there are abundant opportunities for qualified homebuyers in the current real estate market - triggered by a 28 percent rise in foreclosure activity from last year - but working through the intricate foreclosure market will be less difficult for consumers that properly prepare for the process.
“Properties in different stages of foreclosure represent opportunity but also danger for the unassuming buyer,” said Kathleen Kuhn, president of HouseMaster. “Consumers must do their homework to help them know whether a property is truly a ‘good deal.’”
Kuhn said there are three primary types of foreclosure properties that the typical buyer should familiarize themselves with before making an investment in today’s real estate market. They are Short sales, Real Estate Owned (REO) and Auctions. In addition, according to a recent study conducted by HouseMaster, there are five main physical conditions that are typically found in a foreclosed property. They are:
- Moisture related problems
- Defective gaskets, valves and hoses that are leaking or have the potential to cause destruction
- Vandalism, especially if the property has been vacant
- Insect and rodent infestations
- Blocked or damaged waste and sewer lines
More information about foreclosure properties and tips for buyers and sellers can be found at www.housemaster.com.
About HouseMaster:
Headquartered in Bound Brook, N.J., HouseMaster is the oldest and one of the largest home inspection franchisors in North America. With more than 385 franchised areas throughout the U.S. and Canada, HouseMaster is the most respected name in home inspections. For 30 years, HouseMaster has built upon a foundation of solid leadership and innovation with a continued focus on delivering the highest quality service experience to their customers and providing HouseMaster franchisees the tools and support necessary to do so. Each HouseMaster franchise is an independently owned and operated business. HouseMaster is a registered trademark of DBR Franchising, LLC.
For more information or to find a local HouseMaster office please visit www.housemaster.com or call 800-526-3939.
Contacts:
Media:
R&J Public Relations
Tiffany Miller,
908-722-5757
tmiller@randjpr.com