The idea of being a homeowner can be exciting, but that being said, you should not let the excitement of buying a new property cloud your judgement. If you do, you may find that you end up making a huge mistake and that you have a ton of issues to deal with. If you want to do something about this then this is the guide for you.
There Are Cracks in the Foundation
Cracks in the home are not normal. When you view a property, you need to take note of any patchwork in the foundation. Hairline cracks usually aren’t a cause for concern but if you have large splits or vertical cracks then this can signify a major problem. If you see horizontal cracks that resemble stair steps then this is also a major red flag, as it can indicate a foundational problem. If your current home has issues such as this, then hiring a foundation repair company could be a good idea. You can also go through companies like RC Slabs.
The Price is Low
A seller is not going to part with their property for a very small amount of cash. If a listing price seems far too good to be true, then there is a high chance that it is. It may be that the home is in need of extensive repairs or that the owners owe property taxes and they hope you are going to inherit them. When you do find a property you love, take the time to research asking prices for any homes that may have sold in the area. The main reason for this is because you can then find out if the price is fair, or if you are paying a dangerously low price.
The Agent is the Same
When the person who is selling the home is the same one who is facilitating the transaction, this is a major red flag. Ideally, the seller will have an agent, and so will the buyer. This is the best way to ensure that everyone’s interests are represented. If you want to avoid conflict, then you need to look to see which agent the buyer is with so you can make sure that you do not end up being taken advantage of.
The House keeps being Listed
If you see a house that just will not sell then this is a major red flag. If you see that the house is continually being listed on the market then this can indicate that the mortgage lender has concerns about the property. Mortgage lenders aren’t going to allow someone to close on a property if the inspection highlighted major issues, so be mindful of this if you can.
The House hasn’t Sold
You may well come across homes that have not gotten any offers at all. You have to make sure that you do not fall victim to this. Sure, you may find that you have found a hidden gem but if it has been on the market for a long time then this can indicate that there are issues you might not be aware of.