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Since basements don’t often have a ceiling, you’ll be able to see the floorboards by simply looking up.
You won’t be able to look through the walls to see if any of this type of wiring is hidden underneath, but tube wiring is more predominant in the basement or the attic.
Knob and tube wiring was considered “state-of-the-art” back then, but now it is very dangerous, is in violation of current legal electrical codes and is not insured by most insurance companies. 1) Knob and tube wiring is two-stranded – with a hot wire and a neutral wire only – it uses no ground wire.
There is absolutely no protection whatsoever when a fault occurs.
It’s best to get it fixed before you lose a potential sale.
Knob and tube wiring used to be a state-of-the-art technology, but it’s been found to be dangerous and should be fixed or replaced as soon as possible.
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Shocks and fires can easily result from faults caused by knob and tube wiring.