Florida property buyers advised to check quality of foreclosed property

Those buying foreclosed property in Florida have been advised to have extra checks carried out so they do not suddenly face unexpected extra costs.

US real estate firm Findire.com noted that such homes have no guarantees from sellers about their quality or amenities, so it is important to appoint an appraiser to check that the utilities are in working order.

The company said: "This will save the buyer from any unnecessary expenditure when it comes to maintaining the property."

Such advice may apply to foreclosed property bought elsewhere in the US as well.

In addition to foreclosed homes, those seeking property in the US may look for unoccupied new build homes.

The highest rates of these exist in Orlando, San Diego, southern California and Las Vegas, according to figures from housing research firm Metrostudy, the Orlando Sentinel reports.

Metrostudy's chief economist Brad Hunter said such homes help to push prices down.

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