For many reasons this is a good time for potential home buyers to purchase Gainesville FL real estate, and the large number of foreclosed homes available holds the promise of bargain prices.
Too good to be true? Perhaps. Buyers of foreclosed property, especially if it has been unoccupied and not maintained for some time, must be acutely aware of possible problems and trouble spots involved in such a sale and may have to realistically face some unpleasant facts. As Vince Mastronardi, president of On-Site Specialty Cleaning and Restoration, observes, “Buyers need to educate themselves about the potential pitfalls of purchasing distressed property. It’s not so much what damage occurred, but the sources of that damage and how long before the problem was addressed.”
A cautious buyer should look for signs which indicate that all is not well with a piece of Gainesville FL real estate.
1. The presence of mold. Once mold takes hold, it is almost impossible to get rid of. Look for places which have been excessively painted in an attempt to cover up mold.
2. Lack of heat for months in a home not properly winterized. Result? Burst pipes and water damage.
3. Hints of water damage. Peeling, bubbling, or discolored paint may occur as a result of moisture. Other evidence of water damage includes swelling in walls/ceilings, stains, and a musty odor.
