I’m buying a REO home and it has been winterized. Why do the banks do that in Phoenix, AZ?
July 29, 2010 by gtsay
Filed under Foreclosure Properties
Question by Suggie: I’m buying a REO home and it has been winterized. Why do the banks do that in Phoenix, AZ?
Also how much does it usually run to de-winterize it. Thank you!
Best answer:
Answer by John Reid
If it winterized, it is summerized also. Your air conditioning will be a lot more efficient.
Don’t forget, it does get cool, if not fairly cold in PHX sometimes.
EDIT EDIT
OOOps! Up here in the frozen north, winterizing means something very different from what I now think you mean.
Sorry about that.
Up here, winterizing means puttying all the windows, adding storm windows, laying down more insulation, piling hay bales alongside the house,etc.
Give your answer to this question below!
It let’s them turn off the heat/electric and the water. This almost guarantees that there won’t be water damage during the time it sits vacant and that they won’t be paying large electric and/or heating bills.
It should cost almost nothing to de-winterize it. Turn on the heat/electric and turn on the water. Flush the toilets a few time and you are good to go.
good luck!
ps – the bank might not be local to Phoenix and might ‘winterize’ all REO properties.