I have a purchase agreement on a home. The home was built around 1950. The inspection was today. All the electrical outlets in the living room, dining room and the two bedrooms have open grounds. This is per my electrical receptacle tester (only one, yellow lamp for these receptacles lights on the tester). The inspector noted this as well and recommended that these outlets "be corrected by an electrical contractor."
Are the chances high (like certain?) that the wiring to these rooms' receptacles is two-wire? That is, a wiring system installed in new construction today would run three wires to each receptacle, one wire being a ground wire and connecting to the outlets' boxes?
I saw some of the old, black colored insulated wiring in the garage. I did not think to take a cover plate off any of the outlets and investigate more closely.
I am aware the risk of an electrical problem or in an extreme case, electrocution, is low. But I am not sure I am wild about paying what I am paying for the home given an ungrounded system.
The fix is a GFCI circuit at the front end of any ungrounded circuit (inexpensive) or re-wiring (expensive), correct?