Buyer Beware: Spotting Red Flags In Real Estate Ventures (18 GIFS)

Posted in INTERESTING       26 Jan 2024       1734       1 GALLERY VIEW

"Fresh paint, new carpet, but nothing else updated. It’s the realtor remodel special. Just there to make you feel good on your 15-minute walk-through. Look at the tiles, trim, foundation to see what you really need to know. And always drive through the neighborhood at night if you do not know it."

 

"Go to showings when it’s rainy as f@#k, then check out the basement. This will expose any water issues with the foundation that even a moron like me could see. One house I was shown had a cable run into the basement from outside at the dirt level and never sealed — so there was a stream of water pouring over the circuit breaker box onto the basement floor. Passed on that house."

 

"Realtor here. Grading. Hands down. Or, the angle at which the ground slopes at the foundation of the house. If the ground slopes toward the house, then that means any rain is just going to be funneled right up to your foundation, and can cause some big problems.

Extra caution if it is sloped concrete, like a driveway, ’cause that means either mud jacking or jackhammering, both labor and cost-intensive. Seriously, when you’re looking at a house, do a walk around the perimeter first. Could save you tens of thousands and future foundation problems."

 

"Walk or bike through the neighborhood; you will learn more about it than a drive."

 

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"As a construction guy, please, please, PLEASE check the attic. People buy houses and never check the actual AC. If you go up there and smell a burnt smell, or see big silvery tubes that look crumpled, those are issues. If there is any strong smell, don’t buy. No one spends $80 on Glade Plug-Ins unless they are trying to hide something."

 

"Realtor here. Practical stuff: You almost always are going to want more storage. It’s easy to overlook when you’re busy looking at the kitchen and bathrooms. Pay attention to cabinet space in the kitchen. Also, pay attention to the temperature the sellers keep the house. In the summer, a nice cold house is quite welcome when it’s 100 degrees outside. Look for shoddy DIY work, too."

 

"Pizza delivery no-go zones."

 

"My grandfather sold real estate for decades. The first two things he looked for was the roof and the furnace. If either were too old or looked like a possible replacement was needed soon, then it’s something to consider (most first-time home buyers can’t afford to replace in the first couple years, and many older homeowners would rather not either)."

 

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"One of the first things I look at before I view the house is the MLS. In my area we have a 17-day average on market. Some houses will sell in less than 10. Some may sell in 23. Once it hits 30-plus days, it is a huge red flag to me. There are multiple reasons why a home won’t sell. It could be a bad shape home, greedy sellers, or simply a bad-at-marketing agent. But again, if I see 30-plus days, I become more skeptical."

 

"Open the bottom cabinets in the kitchen and smell (for rodent problems — the air in there is usually ‘older’ and should be unaffected by air fresheners."

 

"If you walk into a house and are hit by the smell of Febreze or air fresheners…well, expect that it probably smells like dogs or smoke when that stuff wears off. Bear in mind that a lot of agents like to burn pretty-smelling candles or bake some cookies right before an open house, so it’s not a hard-and-fast rule. You mostly want to watch out for it if you’re seeing it by appointment."

 

"If you are viewing houses in the winter and there are a lot of icicles on the roof [and none of the other houses in the neighborhood have icicles], it’s likely not properly insulated."

 

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"Did the homeowners bother to clean for the showing? If you walk into a dirty house, they are actively trying to sell, the sellers are likely neglecting lots of basic upkeep on appliances, the yard, etc."

 

"When the sellers have stuff hung on the walls in places no one would EVER hang stuff, they may be covering up damage from a decade-long termite infestation."

 

"If the entire bathroom, including the ceiling, has been tiled, they may be trying to hide mildew problems. Make sure and have the inspector check whether the bath fan actually ports outside."

 

"If you’re buying a house or condo that is part of a group all built by the same builder, knock on the next door neighbor’s door and ask if they had any problems. Especially if it’s new construction."

 

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"For the love of God, check your cellphone signal in the house. I just moved into a new house, and I have one bar on the second floor if I stand on a chair. Turns out there’s only one cell tower to serve the surrounding neighborhood of 200-plus houses, and since it’s next to a neighborhood of million-dollar homes, they can’t get the approval to put in another one. So, I’m SOL."

 

"Be sure to test all appliances that are staying with the house. Ice maker, dishwasher, microwave, garbage disposal, stove, washer/dryer, etc."

 



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Green 10 month s ago
Check to see if there's a breaker panel or an actual fuse box not a deal killer but if the panel is that old there are probably other problems like asbestos insulation on the furnace. I looked a a house, saw the fuse box figured ok I would need an electrician to come in an replace plus check the rest of the wiring. Then I saw the hard fabric looking insulation on the furnace ducts, walked right out and got in my car and left. One out of 2 would be expensive but doable, both no way not me...
       
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