With the rate of home foreclosures continuing unabated, more and more home buyers are forced to deal with the less-than-buyer-friendly terms extended by bank real estate contracts. These contracts impose a ridiculously short window, ranging from a few days to 17 days max, to remove contingencies.
In order to meet the bank’s tight deadlines, it is essential that buyers are aware of a simple, yet often overlooked, requirement for getting the home inspected: make sure the seller has left all utilities on and all pilots are lit.
A home inspection cannot take place if the gas, electrical, and water utilities are off, nor can the inspector light any unlit pilots. It is the seller’s responsibility. Buyers are strongly advised to flip light switches, turn on water faucets until the water runs hot, and turn up thermostats to ensure the utilities are on before contacting a home inspector. Failure to do so may result in losing precious time in getting the home professionally inspected.
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