It looks like business should be picking up soon for Home Inspectors. Once the cheap property goes, Pinellas County and Hillsborough should see an uptick in property prices. http://www.tampabay.com/news/business/realestate/hud-offering-government-owned-foreclosed-homes-for-only-100-down/1164027
Gonna be a long time before all the cheap stuff goes
With only $100 down, I wonder if they paid $350 for a home inspection…I hope so, but probably not. Many first time home buyers who haven’t been burned yet listen to agents telling them they don’t need a home inspection on an “As Is” contract. Of course, with no ‘skin in the game’ what do they have to loose, oh yeah, $100 bucks…isn’t this how we got in this mess in the first place.