Hire Top Class Real Estate Agent Who Will Invest In Your Future
Let’s settle the debate once and for all.
If you’re a buyer agent, you’ve likely fallen into one of two camps when it comes to power-of-sale properties:
Treat them like a standard resale (dangerous)
Run for the hills the second you see “Power of Sale” (unnecessary)
Neither is correct. And here’s why
THE SELLER IS NOT THE HOMEOWNER
In a normal resale, the seller knows the roof’s age, the leak history, and which light switch does what.
In a power of sale, the seller is the lender—and they know very little about the property’s bones, permits, or ghosts. They’re there to recover a debt, not to give you a warm fuzzy tour.
THE REAL RISK = CONDITION, NOT THE LABEL
Most POS properties are sold “as-is, where-is.”
That can mean:
Hidden damage
Pest issues
Open permits
Vacant & uninsurable