Bank Owned. Property being sold AS IS. Buyer responsible for...?

[akj147]

I am looking to buy a bank owned property and noticed this in the title, "Bank Owned. Property being sold AS IS. Buyer responsible for smoke Cert., C/O and inspections."

What exactly is involved in the smoke Cert., C/O and inspections and what is "C/O" anyway?

[theshadow01]

CO is a certificate of occupancy. In some areas they are issued when the construction is complete and some areas require a new one each time the property is sold.

Smoke Cert may be about having the correct amount of working smoke detectors. I have never heard that one before.

[Landlord]

It means you have to pay for all inspections, even teh ones that legally have to be done and are not optional.

The smoke is refering to smoke detectors, those and an inspection of the water heater bracing are required in CA.

C/O may be assurance the house is able to be occupied, your bank will need that to get a loan. You have to have power and water running in order for this inspection to take place. Normally the seller handles this, as banks commonly turn those things off and the buyer can not have then turned on.