Frozen pipes are very common this time of year. Most of the homes we purchase are winterized and as a result will not have frozen pipes. Investors will run into frozen pipes more often after the property has been remodeled and is listed on the market.

Once the property has been remodeled and the furnace is working, the home is warm. Problems arise when the gas or the furnace are shut off. I have seen pilot lights go out from wind down the chimney. The gas bill is sent to the wrong address, the investor forgets to pay. As a result, the gas company turns off the gas.  Frozen pipes are almost always the end result.

The best way to protect the property is to remind the handyman to turn off the water at the main line inside the home. Keep the furnace at 55 degrees.  If the furnace stops working the only issue will be a broken pipe, we will not have Niagra Falls in the home.

For sales purpose post the “Notice” on the counter explaining to buyers and their agent not to use the bathrooms. If they are having a home inspection they can turn on the water at the main inside the property. Then, they are instructed to shut off water after testing.

Click Here For Notice

Tags: chase foreclosure, Chase Real Estate, christian chase

This entry was posted on Sunday, December 6th, 2009 at 7:05 pm and is filed under Foreclosure News . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.