PROPERTY GRADE
REASON FOR PROPERTY GRADES: Our goal is to save our investors time and money by helping them locate a fix-up project that is at the specific level of rehab they feel comfortable. For your convenience HomesOnPayments.com provides a grade or rating for each property listed on our website.
HOW PROPERTY GRADES ARE ESTABLISHED: Prior to placing a property on the market one of our employees performs a walk-through assessment. They grade the property based on the mechanical systems that are in place and any visual repairs that are needed. Most homes do not have the utilities on at the time of the walk-through; therefore, we are uncertain if mechanical systems are functioning properly.
1226 Kealing Av Indianapolis IN 46201
Has been graded as a . . . #4*
Typically the lower the number the better condition the property...
Grade #1 is usually one of the best properties.
Grade #9 is usually one of the worst properties.
A grade of 5 or higher requires quite a bit of work to make livable.
WARNING! A property with a grade of 4 or lower still may not be livable. If you want property for immediate occupancy please ask your Rainbow Realty leasing professional for a list of full service rental properties.
*PRESENT CONDITION: Properties often suffer theft or vandalism after they are placed on the market. As a result the furnace, water heater, electric and/or plumbing could be stolen, damaged or inoperable. For this reason the grade may not represent the present condition of the property.
BUYING “AS-IS”: All properties are sold “as-is” without any warranties of habitability implied or otherwise. The property has not been inspected by a licensed professional. We highly recommend you have a competent contractor or licensed inspector perform a complete inspection of the property prior to purchase.
