by Nutan Brown
on Tuesday, October 26th, 2021 at 9:02am.
Sellers don’t always disclose the whole truth when listing a home. You always have to be on the lookout for potential problems during your search. Here are 4 red flags to look for when buying your next home:
Minimal property photos
Listings with little to no property photos should immediately arouse suspicion. It's possible that the house could need substantial work, renovations or repairs. There's also a chance that there's a reasonable explanation, but you’ll want to be cautious. The best way to find out is to take a walkthrough of the home with your real estate agent.
A house should not have any noticeable odors. If you sense a musty smell during a walkthrough, then there might be mold somewhere in the home. The presence of mold means something isn't right and it is your job to find out. Check for leaks under sinks, around windows and everywhere in the basement.
Foundation repair is a big project that can cost thousands of dollars. Diggers will have to tear your property to pieces in order to fix it. Before buying a home, look for major cracks in the foundation, or cracks that have been recently patched. It is recommended that you hire a home inspector for a second opinion.
If you come across a home with an asking price well below comparable homes, it could be an indication that there’s a problem with the home. It’s also possible that the listing agent is trying to create a bidding war. Hiring an experienced real estate agent will help you determine if a putting in an offer is worth your time.
If you have any questions, or are interested in entering the market, feel free to contact me anytime!