Red Flags To Look For When Buying A Home
Monday Dec 19th, 2022
Buying a home is one of the biggest and most exciting decisions you’ll ever make.
There are a lot of gems out there, but there are also a lot of lemons. Make sure that you do your research before buying so you’re not unpleasantly surprised by issues down the road. Read on in our newest blog for some red flags to watch out for when you’re on the hunt for a new place to call home.
Seller refuses a home inspection
A seller who refuses a home inspection is a huge red flag. It could mean that there are major issues with the property that the seller is trying to hide. If left unaddressed these could be huge expenses that you’re left footing the bill for down the road. If they don't want to proceed with an inspection, it might be time to keep looking. Even if you love the home, it may not be worth the potential stress on you and your wallet down the road.
Photos don’t match the property
This not only is a waste of everyone’s time, it could also be seen as a red flag. If the photos don’t look like the property, it could mean that the seller is trying to hide something or make the home look more appealing than it actually is. Make sure that the photos in the listing accurately depict the property you’re interested in. Nothing compares to actually walking through the house and experiencing it with your own eyes. If there’s an open house, be sure to attend and spend as much time as you need walking through the home.
Forgetting to consider the neighborhood
The neighbourhood your home is located in is arguably just as important as the home itself. You want to make sure you’re looking in a safe neighbourhood for you and your family. It’s important to check nearby schools if you have kids or are planning on expanding your family in the future. Also make sure to look at the nearby amenities- is everything you need close by? Groceries, entertainment etc.? Making sure you like the neighbourhood will be just as important as the home itself. If you do decide to sell down the road it will also significantly impact the price you’re able to sell the home for. A desirable neighbourhood really is everything!
Your realtor puts pressure on you
You should never feel rushed or pressured into jumping on a home that you’re not sure about. If your realtor makes you feel uncomfortable, it’s okay to find a new realtor! There are plenty of good realtors out there who genuinely want to help you and your family find the home of your dreams, not just make a quick sale.
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