3 Red Flags To Look Out For When Buying A Home

Buying a house is supposed to be a fun and exciting time. The only problem is that you have to make sure your excitement doesn’t make you stop from seeing any issues that a property may have. Yes, some properties seem to just call to us, but if they have certain issues, you should still walk away. Let’s review a number of these red flags.

Firstly, always look at the neighborhood. Are people seemingly leaving in a mass exodus? Ask people who live in the area whether it is a good place to live. Also check out the land. If you find that the yard slopes downward towards the property, it is possible that rainwater would run down it and damage the foundations. Use your nose: bad smells in or out the property are a bad sign. Next, check whether there are pests. Make sure you speak to others in the street about this, as they are likely to know about pests.

The second important thing is to look into whether the home you are considering is going through foreclosure or is in short sale. Of course, these properties are the cheapest, but they are also often in a bad condition and could be a sign of the community.

The bottom line is that you should never purchase a property without having it professionally inspected. With the information above, you should be able to tell whether or not you might want to hire a professional inspector, or whether it is a clear no on the purchase. If the property does have problems, you can decide to walk away from it, or you can demand a substantial discount in order to pay for the repairs. Also, always trust the advice of home inspectors. Their goal is to make sure you get a good deal on a property.

Kenneth Clark / March 12, 2015 / Guides

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