Is it safe to assume it didn't pass inspection?

Question

It is a HUD owned house it looks good but I'm no inspector.
The thing is , it's been on the market for 160 days, is it safe to think that that house didn't pass a an inspection for someone and that's why its still for sale.
Is there a way for me to find out if it did not pass an inspection ?

Answer 1

I would not assume that it failed inspection. HUD provides a detailed property inspection report for most of its properties. Those deficiencies which are noted at that time are listed. This is not a substitute for your own inspection, but is a great starting point to determine if you even want to view a home. Here is an example of one:

http://www.tenmanagement.com/listings/property-detail.do?list=2007-11-02&code=IN&case=151-706820

Near the bottom of the page is a link for a "property condition report." That will list any known defects. If there was a prior inspection, any defects found would be noted there.

Answer 2

The only one who will know the exact condition of that house, is your inspector and you. If you are truely interested in home ownership, I suggest to make sure it's inspected by a reputable inspector. Don't take chances with your health and well being. Look the lender doesn't have time to answer these questions, and frankly the agents couldn't care less.

So if you are truely interested, have an inspection done. Write your offer "subject to inspection". That way if anything is seriously wrong you can walk away.

Answer 3

It's not at all a safe assumption. The real estate market is weak right now, with a plentiful supply of properties available from which to choose. HUD homes, like other foreclosures, are sold "as is", and the house just may need cosmetic tender care.

All HUD properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.

If you are interested in the home, engage the services of a qualified buyer representative real estate agent to show you the property and advise you of its potential.