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. As much as you may feel that a certain property has stolen your heart, if it exhibits a number of red flags, you should leave it behind. Let’s review a number of these red flags.
First, inspect the neighborhood. Are people seemingly leaving in a mass exodus? Make sure that you speak to some of the residents and ask about what the community is like. 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. Also look for bugs and insects. Make sure you speak to others in the street about this, as they are likely to know about pests.
Secondly, you need to know whether the property you are buying is a regular sale, a short sale or a foreclosure sale. Indeed, these properties tend to be the cheapest, but that is because they often require a lot of work or because the entire neighborhood is declining.
The bottom line is very simply that a home should never be bought unless a professional inspector has given you the green light. However, the hints and tips above should tell you whether or not it is worth investing in an inspection at all. If any problems are present, you can choose to walk away from the property, or you can request a huge discount on the purchase price so you can arrange the necessary repairs. Also, always trust the advice of home inspectors. Their goal is to make sure you get a good deal on a property.
When someone tries to sell their home, they do not always tell the whole truth. Although a professional inspector would pick up on any problem, it is expensive to hire one for each viewing. But don’t worry because a potential buyer like you can do a bit of inspecting yourself and here are indicators showing what house to avoid buying.
First of all, check the neighborhood. This is of absolute vital importance. Find out whether the community is going through growth, or whether it is declining. If you notice many homes are being foreclosed and local businesses are closing, then the community is declining. Experts say that it is best to visit the same neighborhood at different times and on different days. This is also a great opportunity for you to get to know the traffic. Don’t forget to schedule one evening visit, to see whether there is nuisance on the streets at night. Also make sure that you get a local crime report from the police.
You are now ready to see whether the property was looked after properly. Find out whether it was maintained properly. If you find that the owners haven’t look after the outside properly, the inside is likely to be the same. Always look at the wiring too. Although you probably won’t be able to identify all of the problems yourself, some red flags are easy to spot. For instance, flickering lights and hot or warm outlets are signs of a bigger problem. Owners may be trying to hide a problem if you notice that single walls have been painted very recently. Check the windows. Windows that have mold or condensation or that open with difficulty may be signs of very expensive problems.Naturally, never view a property that you are not allowed to see in full. If any structural work has been done on the property, you need to make sure that it was done by someone who was fully qualified to do this.
When push comes to shove, you are the only one who can work out whether or not you want to purchase a property. Plus, it is certainly true that a home with problems is often a home that can be sold at an even greater discount. However, if you find you have purchased a true money pit property, or that it is impossible to sell it at a later date, then is it really worth it? Do always remember that a house is more than just bricks and mortar, but rather a place for people to build memories in, and those should be good memories. It goes without saying that checking the condition of the property itself is very important, but the area it is in must be focused on as well. To check on the actual property, all you really need to do is hire the services of a property inspector. This is different than a neighborhood inspection, which really requires a personal opinion and feel, something that only you can do and decide upon.
It is likely that your home is your most significant asset. Hence, if you ever want to sell that particular asset, you have a lot of thinking to do. Take your time to learn about the process of selling a home first. Thankfully, all you need to do is look online and you will find any information you need. Take some time to learn about the process as it will help you reduce the stress associated with it, control it better and ensure you get top dollar for your home. Let’s take a look at a few of the things you need to think about before you are ready to make a sale, which should help you get the best possible price.
First of all, appearance really matters. Never ignore the cosmetic look of your property if you want to sell it. You can’t change where your home is located, or what its floor plan is, but you can change its appearance. Remember that buyers are driven by emotions rather than logic, so if your home looks and feels right, you have a bigger chance of making that sale. Also remember that this must be invoked in all the senses.
Next, you have to make sure that your motivation is a private affair. It is all too easy to use your motivation against you, particularly if your potential buyer is supported by a smart realtor. People may ask why you want to sell, in which case you should try to be as obtuse as possible. Tell them, for instance, that your needs have changed. This is just vague enough to be the perfect answer. It has been shown psychologically that people will interpret these answers in a positive light that works for them. They will think that you came into a bit of money and want to move to something bigger, for instance. Or they may think your kids have left the home and you are looking to downsize. Either way, people will always believe that you have a genuine reason for a sale that is not financially motivated.
Last but not least, get ready to clean up. Every surface must be properly cleaned. You are going to get filthy yourself, but it needs to be done and you can also start to get rid of all the clutter, which you have to do before you move anyway. Your goal is to ensure your home is a true show home. Hence, you have to check the outside of the home, too. Your goal is to have a clean yard with a nicely mowed lawn free from weeds, and properly pruned trees and bushes. Remember that the outside of your home is what will create the first impression. And don’t forget that you only get one chance to make that first impression. All being well, the above tips will help you to make a sale quickly and for a great price.