If you’re shopping for a home, now is the time to buy, with real estate prices and interest rates still fairly low. At the same time, there are things you need to be aware of, such as what a bad tenant can do to the livability of a property. So, if you’re buying a place that may have rented in the past, do your homework.
Foreclosed Property Needs a Property Search Before You Buy
It’s not always easy to determine whether someone was or had a bad tenant without physically inspecting the property. If you can’t immediately view the property, there are things you can look into.
Do a property record search for that area and find out if you’re buying a foreclosed property. Finding out a landlord wasn’t paying his bills and you’re being kicked out can cause otherwise reasonable people to do serious damage to a place before they leave. The same thing can happen if the property is being sold due to divorce, so looking into divorce records might provide some clues.
What is the Property Value?
Knowing if the tenant had a criminal history can also be helpful as the home might have been the sight of illegal activity that lingers. Your real estate agent should have run some sort of background check, but if you need to go further, there are sites that can do deeper checking for you.
The last thing you want to do is buy a property and find out a bad tenant has ruined the value. Find out if a bad tenant has ruined your property value here.