3 Red Flags All Buyers Need To Know

Posted by Terry Paranych on Monday, June 17th, 2019 at 12:29pm.

3 Red Flags You Need To Know When Buying a HomeNo one wants to go jump through all the hoops of buying a home only to find out that the home they bought isn’t the one they thought they were getting. It’s important for buyers to be on the lookout for warning signs that could identify problems in a home so they can protect themselves from a bad deal that could cost them thousands of dollars in repairs on top of everything they already have to pay for. Here are some red flags to be on the lookout for when going to home showings, as noticing them sooner can save a lot of pain later.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

1. Everyone Is Leaving the Neighborhood

Moving is more popular during some seasons than others, so it may be possible to find multiple homes for sale in the same street, especially if it’s a big neighborhood. However, the problem comes when it seems like too many people are selling their homes all at the same time. This can be a sign that something is causing people to want to leave, such as a big construction project nearby. If it feels like the neighborhood is having an exodus, ask an agent if they know anything about it. They may be able to find a news article or other record of something happening in the area that could be causing the unrest.

2. The Price is Too Good To Be True

It’s common to hear the phrase “if it’s too good to be true, it probably is” get tossed around, and this phrase is especially relevant to homes. Lowering the price of a home is a popular tactic sellers to attract more buyers, especially if they’re trying to sell their home fast. However, a massive change in price can be a red flag. If the price of a home seems unbelievably low, it’s time to stop and ask what caused it. Some homeowners may use a low price to hide faults in the home and to entice buyers to offer before they can realize.

3. There Are Signs of Insects

It can be difficult for people to identify signs of infestation if they don’t already know what to look for, and this can cause buyers to unwittingly buy a home that is already inhabited by termites, cockroaches, or crickets. Here are some of the common insects found in homes and the signs they leave behind:

  • Cockroaches: Large colonies will have a foul odor, and they may leave behind skin sheddings and eggshells.
  • Crickets: Chirping from males at night, and insects can be seen near garbage or other locations that supply food.
  • Termites: Tunnels can be seen in wooden furniture and fixtures, windows and doors are difficult to open, and discarded insect wings found in the home.
  • Ants: Can be seen openly crawling during the daytime in kitchens and other places where food can be found.

It can be difficult to get rid of an insect infestation once it’s taken root in the home, and some sellers knowingly try to sell their infested home because of this rather than deal with the infestation on their own. Always be on the lookout for anything that looks strange and don’t be afraid to ask questions.

All Devon new home buyers need to know what sorts of red flags they should be looking for. Knowing the signs ahead of time can help protect buyers from buying a home that will need repairing and save them thousands of dollars and a lot of time later on.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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