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Old 11-04-2011, 09:35 AM
 
150 posts, read 137,563 times
Reputation: 92
Default Information For Home Buyers

People are really desperate to sell their homes these days and will not disclose certain information because they know it will be difficult to get a buyer. Be EXTREMELY cautious of homes that are freshly painted and with any type of upgrades because potential problems may be lurking and the seller is trying to distract you from this. If the home is more than 9 years old expect there will be problems. If homes are 20 years old expect to have even more problems. I have included a list of things to look out for. Some things are visible to the naked eye. Some are not. Those that are not are the things you should look out for. Make sure you get a qualified home inspector. There is no guarantee that the home inspector will catch everything. I found out one of my heaters for the downstairs was not working before I purchased my home. The inspector did not mention this.

7 Red Flags for Home Buyers
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Old 11-04-2011, 10:01 AM
 
Location: Pearland
779 posts, read 945,264 times
Reputation: 663
Lol, wut?
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Old 11-04-2011, 10:01 AM
 
Location: Where nothing ever grows. No rain or rivers flow, Texas
1,085 posts, read 391,899 times
Reputation: 468
#8 smell the neighborhood at around cooking times of the day
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Old 11-04-2011, 12:20 PM
 
2,187 posts, read 4,543,097 times
Reputation: 996
I dunno..... most people who want to sell their home quickly, do a little pre sale freshen up ,by painting and making needed updates. Im not sure if that should warrant caution.
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Old 11-04-2011, 01:22 PM
 
Location: Fondren SW Yo
2,785 posts, read 4,051,664 times
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Quote:
Originally Posted by TimBomb View Post
#8 smell the neighborhood at around cooking times of the day
#9 Meth lab in the bathtub.
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Old 11-04-2011, 02:51 PM
 
Location: Houston, TX (Oak Forest)
3,542 posts, read 7,059,152 times
Reputation: 2324
Quote:
Originally Posted by mtgmike View Post
Lol, wut?
I think you meant:

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Old 11-05-2011, 08:42 AM
 
Location: Dallas/Ft. Worth, TX
1,166 posts, read 2,588,387 times
Reputation: 1876
Quote:
Originally Posted by westres1 View Post
I dunno..... most people who want to sell their home quickly, do a little pre sale freshen up ,by painting and making needed updates. Im not sure if that should warrant caution.
Hi westres1,

Dionne7 is correct but sellers are caught in a bit of a conundrum with this item when selling their homes. If the home really needs painting then it is most times better that they do it to increase the home's selling appeal. However as an Inspector when I enter a home that has fresh paint I have to approach it very carefully as fresh paint can hide signs of previous or currently active problems. A thorough Inspector will try to do whatever they can to look beyond the new paint for potential hidden issues but it can be difficult. As a result we have to let our client (the buyer) know this and make sure they are aware of it.

One of the solutions for sellers is to have a full, thorough pre-sale inspection performed before they start fixing and primping the home for sale. I really don't say this from a business generation standpoint but rather from a very practical standpoint. An Inspector can come in and generate a report on everything found, complete with photo documentation. The owner can then make all of the repairs they feel are necessary and do all of the cosmetic work (i.e. paint and other). For anything they are not going to repair they can be ready with estimates if the buyer wants to negotiate them as repair items. The seller can already know what they might have to concede on. In addition with a pre-sale inspection if the buyer's Inspector makes a weird or bad call the seller can already have information from their Inspector to refute it if necessary.
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