Red Flags for Home Buyers
Purchasing a home is often the largest financial investment a person makes in their lifetime. Therefore, it should be done with a lot of care and thought throughout the process. When looking for a new home there are some red flags for home buyers to be aware of:
Too many homes for sale – If there are a lot of homes for sale in the same neighborhood, I would do a little investigating. Try talking with some of the neighbors and contact the local police for crime reports.
Poor maintenance – If it appears that the house is not very well maintained, that may mean big bucks down the the road for the home buyer.
Freshly painted wall – The key word here is wall. If only one wall in a room or area has been painted it may be because the home owner is covering something up. Perhaps there is mold or water damage underneath that fresh coat of paint.
Old wiring – Aluminum wiring can be very expensive to replace. If you are not sure about the electrical work in the house, have a professional take a look.
Foundation issues – Check carefully for cracks in the foundation. Also, if there have been major renovations, check into whether load bearing walls have been removed.
Off-limits areas – There may be areas of the house that you do not have access to when previewing the home. Be sure to make arrangements to see these areas prior to purchasing the home.
A real estate agent will advocate for you and your interests throughout the whole home buying process, which makes it important for you to find the agent that will best fit your needs.
Contact The Lowry Team today to start your home search. 513-874-1830
The Lowry Team – Keller Williams Realty is an award winning, full service real estate firm specializing in West Chester, Liberty Township, Mason, Monroe and the Northern Suburbs of Cincinnati. The Lowry Team is “Different By Design”… taking a team approach to home buying and selling. The Lowry Team consists of members that are focused on areas of specialization including Listing Specialists, Buyer Specialists, Transaction/Listing Coordinator, Inside Sales Associate and a Marketing Director.
Don’t Hire an Agent…Hire a Team. The Lowry Team.
Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.
Other Articles You May Be Interested In:
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What You Should Know Before Buying A Home
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The 6 Most Essential Home Buyer Tips
Find The Current Market Value of Your Home
Q. Where will 30 year mortgage rates be in 12 months?
interest rates than anyone in the last 4 decades. In the 70’s interest rates averaged 8.86%, in the 80’s they were 12.7%, in the 90’s they averaged 8.12% and in the 2000’s they were 6.29%.