Stone Mountain Foreclosure Repairs
Atlanta Foreclosure Repair - Getting the Best Price and Highest Quality Work on Home Repairs
REO Contractors Atlanta Gwinnett Buckhead Cumming
The most crucial first step is to get three or more quotes from local, reputable REO contractors. It's important to steer around large, nationwide firms for obvious overhead reasons. Most seasoned Internet search engine users will advise you that it's equally important to stay away from "pay-per-click" search engine companies or "Paid Advertisers" for three reasons:
1. Most people have been burned too often by choosing those links and end up with unqualified laborers. Many of those links are just advertisers who simply refer business to the companies who actually do the work. Who do you think ultimately pays THEIR middleman fees?
2. Even though you only click a link and give your information once, you end up being contacted by 10 to 20 different contractors who are all fighting for you money. They're very aggressive and their pricing is very often extremely high. They have an "All it takes is one" mentality. And forget about quality work.
3. Companies that participate in the very expensive "pay-per-click" programs have a very low closure rate, so they have to recoup their investment plus add profit to the few deals they are able to close. They also tend to have very short life spans so support after the sale is nearly non-existent.
The company you're looking for is one that's been around at least a few years, and one that is active in the REO industry. When they come out to give you a quote - you'll usually know right away if that company is the one you want to use now and in the future. You'll be so pleased that you'll end up recommending this company to many of your friends, family members and neighbors.
So take your time, do your homework on choosing the right home inspector and then the right foreclosed home to purchase. And when repairs are necessary, insist on REO contractors so you can enjoy a healthy home for years to come.
Tips for Buying Distressed or Foreclosed Homes
Buyers Of Foreclosures In Atlanta, North Georgia Need To Check For These Common Problems Before Purchasing:
To many unknowledgeable home buyers and investors, the Atlanta bank foreclosures may seem like a steal. Sure, they may be “fixer-uppers” but they are selling for thousands of dollars below other homes in the neighborhood. Brion Grant, past president of the American Society of Home Inspectors, in a recent interview stated some of these foreclosed homes may conceal some rather unpleasant surprises from leaky pipes in the walls to wild animals taking up refuge in the attic.
Remember, foreclosed homes in Atlanta are sold “as is!”
These microscopic organisms thrive on moisture. In muggy Southern climates, mold can inhabit any home. But in a vacant, uncared for home, it can spread like wildfire. In some cases, a slow drip of water inside a wall can cause a massive mold infestation and damage will be unseen by the untrained eye. That’s why home inspectors are so careful to check for leaks, small holes and possible water seepage. In Atlanta foreclosures, mold is the number one issue.
VANDALISM & BREAK-INS
A vacant foreclosure in Atlanta, GA is an invitation for vandals to help themselves to things such as air conditioner units, appliances, even faucets and light fixtures. Copper piping and electrical wiring are desirable commodities. Anything that can be resold is up for grabs.
Property damage is often visible.
Sometimes the previous homeowner has destroyed the home in anger and frustration. Other times, neighborhood kids will have smashed in windows or used the home for parties. Most Atlanta foreclosures have had their utilities shut off, thus the alarm system is inoperable. Vagrants will take up residence to get out of the weather.
A rarity is the homeowner who has left the home in pristine condition, even vacuuming the floors on their way out. If an Atlanta bank foreclosure stays on the market long, more than likely it won’t remain that way.
Homeowners going through foreclosure are strapped for cash. Often times, they have removed anything of value. Any upgrades added to the property will now be gone. In many cases, so will appliances, ceiling fans, window dressings, even laminate wood or tile flooring and sound systems have been known to disappear before the key is handed over to the bank. The mentality of the person being foreclosed on is that they paid for them, why should they leave it all for someone else?
Home inspectors report toilets, spa tubs and kitchen cabinets have been ripped out of Atlanta foreclosures. The former owner may also leave behind trash and junk they didn’t want. Beat up furniture, rusty grills, car parts, and smelly garbage in the pantry can greet the first potential buyer or inspector. The new buyer will have to pick up the costs of removal and replacement.
Vagrants are not the only ones who seek shelter. A home void of human smells and sounds can be a beacon to snakes, raccoons, rats and even large mammals such as panthers, wild boars or feral cats. The American Society of Home Inspectors have heard every horror story imaginable. It is quite normal to find hives of bees or swarms of bats in the attic. Skunks can inhabit the ventilation system and squirrels the air ducts.
Insects infestation is the most common. Fleas nestle in the carpet in such great numbers that they can turn your legs black when you walk across the room. Fire ants and termites may be rampant. Cockroaches may have taken over in the kitchen and bath looking for water sources. Moths can eat any drapes, carpeting, or even wall paper.
If a home owner is struggling to make their monthly mortgage payments they are not likely to shell out money on HVAC maintenance, or roof repair or replacement. More often than not, repairs of any type stopped months before the payments did. Even simple things such as changing HVAC filters go by the wayside. Gutters have not been cleaned and debris has not been cleared off the roof. It is possible such neglect will mean thousands of dollars in needed repairs.
It is possible the lending institution has already made some clean-up and repairs, but many do not have the time or the crew to do so. The Atlanta home foreclosure market is growing steadily and banks may have dozens foreclosures on their hands. The best option for the potential metro Atlanta foreclosure buyer is to invest in a professional home inspector who will thoroughly examine every nook and cranny of the home. A professional home inspection may not eliminate every surprise, but it can give the Atlanta home foreclosure buyer a better idea of how much money they will need to set aside for repairs and clean-up.
The key to determining whether the foreclosure in Atlanta, GA your considering purchasing is a “money pit” or a “real steal” is a quality home inspection.
Don’t settle for a cheap inspector when buying a foreclosure in Atlanta, GA or your biggest purchase could turn into your worst nightmare.