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Updated over 4 years ago on . Most recent reply

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Thomas Fey
  • New to Real Estate
  • New York
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Memphis Tennessee Electric Standards

Thomas Fey
  • New to Real Estate
  • New York
Posted

Hey guys recently went into contract on a turn key property out in Memphis, TN. Just received my home inspection and a lot of the electrical outlets remain ungrounded. Is this standard for that area or am I assuming correctly that this house is long overdue for an electrical update? Located in NY and purchasing first turnkey property out of state. 

-Tommy

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Chris Clothier
#4 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • memphis, TN
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Chris Clothier
#4 Ask About A Real Estate Company Contributor
  • Rental Property Investor
  • memphis, TN
Replied

Tommy,

No, this is not standard and you should expect that electrical system have been brought up to date and with required permits pulled - especially when buying out of state, far from home and turnkey.  Too often, the word turnkey is inserted into a sales process when in reality, maintenance is deferred and work is done without permits.  In my opinion, both of those completely negate the reasoning behind buying a true turnkey property.  Sometimes little details are missed so you can alway give the seller a little benefit of the doubt, but I would not recommend buying a home, turnkey or not, without updated electrical.  As I noted above, I would also not recommend moving forward if work has been done and permits have not been pulled.

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