Question
If I qualify for a government grant to purchase a house, am I disqualified from buying a foreclosed home?
I must have a pre-purchase inspection, but my realtor told me I can't have an inspection if I buy a foreclosed house. How can I buy a house if I can't have it inspected before buying? I am a low income, first time buyer.
1 month ago - 3 answers
Best Answer
Chosen by Asker
Hmmm... what your realtor told you makes no sense to me, because I was in a similar situation and had an inspection. My realtor told me that foreclosed homes are sold "as-is". If an inspector found a problem, it would not be fixed before the sale, I would have to fix it myself after the sale. But, I was allowed to bring in my own inspector and then decide if I want to go through with the purchase. Question your realtor again why you can't have an inspection.
by ☆skyblue
1 month ago
Asker's Rating: 
Other Answers
There are no government grants to buy homes.
by jlf- 1 month ago
Your real estate agent is incorrect. Inspections are allowed on homes which have been foreclosed, and you can make your offer contingent upon a successful inspection result. Your issue may be that your funding requires a home in 'move in condition'. Lenders with foreclosed homes won't make repairs ahead of time.
by acermill- 1 month ago