Home Buying Red Flags

By
Real Estate Agent with Karen Parsons-Fiddler, Broker 949-510-2395 BRE# 01494165

 

Home Buying Red Flags

 

 

You’re excited about finding your next home. As you start visiting listings you see beautiful options for you and your family. You can pictures the Sunday Night Dinners in that great chef’s kitchen or perhaps a summer BBQ by the pool, but do you know how to spot the red flags that could be lurking under the travertine in the bathroom? Understanding how to identify potential problems can save you thousands of dollars in repairs once you move in.

Home listings are designed to showcase the best the property has to offer. Both the pictures online and the staging in the home itself are presented to draw the potential buyer away from the negatives and enhance the positives. What are some signs that the home you’re viewing could have issues to address? Look for:

  •          Worn or chipping paint or fresh paint in small areas (could be they covered a problem)
  •          Dripping faucets or evidence of past water damage
  •          Mold
  •          Cracks on the walls and exterior
  •          Doors that are hard to open
  •          Cracked or foggy windows (fog could mean a broken seal)
  •          Any kind of odor
  •          Bugs or pest droppings
  •          Poor maintenance or signs of neglect
  •          Poor location, check the neighborhood
  •          Additions to the home that appear unprofessional

There are other problems that could be hiding as well. One of the most important steps of buying a home is the home inspection and investigation period. During this time, you should have the home inspected by a professional trained to uncover problems and potential problems. They will check the plumbing, electrical, furnace, air conditioning, appliances along with much more. They will identify fire and safety issues which could be a code violation or just a hazard. Your main home inspection could also suggest that you explore some issues with specialist such as mold or geological problems.

While you are not a home inspector, there are some hints to deeper problems which are visible to most anyone. Your agent will also help you look beyond the designer carpet to notice these potential problems. By identifying these red flags up front, you can either address these issues with the seller, or move onto a different property. Either way, you don’t end up buying a problem without full knowledge. 

Comments (24)

Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Hi Karen, 

Having an experienced agent who can help a buyer anticipated some potential inspection issues and point out some red flags can save a buyer thousands of dollars and headaches.  While we are not inspectors, we've been on many and a good agent will pay attention and learn a few things to be mindful of. Great post!

Jun 05, 2016 10:31 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Karen good list of red flags, and most of them are fairly easy to spot.  But having good Realtor representation to help point them out as well as a Home Inspection is a must.

Jun 05, 2016 10:51 AM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Karen- these are good items that any buyer can check when they are viewing a home.  They're also items that signal that a lot of maintenance has been deferred. 

Jun 05, 2016 11:01 AM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

A trained eye is very important.  A whole house inspection should always be performed, in my opinion, even with new construction.

Jun 05, 2016 11:13 AM
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Karen Fiddler, Broker/Owner This is a great post for buyers anywhere.  It is so easy to get caught up in the upgrades and not see the real problems.  Thank you for posting and congrats on the feature!

Jun 05, 2016 11:15 AM
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Well advised tips during review of homes. I may add garage conversion, in law quarter etc can be problematic if not paying  20% downpayment.

Jun 05, 2016 01:38 PM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Thanks for a great article!!!

Home listings are designed to showcase the best the property has to offer. Both the pictures online and the staging in the home itself are presented to draw the potential buyer away from the negatives and enhance the positives.

Jun 05, 2016 09:15 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
The House Kat

Yes, there are things that can be visible if you know what to look for! And having a home inspection is critical to identifying potential issues.

Jun 05, 2016 09:38 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations on the featured post. I hope home buyers will read it.

Jun 05, 2016 09:48 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

In our part of the world...foundation issues are huge ...and need to be evaluated by reliable professionals if there is any doubt as to the reliability of the construction.

Jun 05, 2016 09:53 PM
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

All good reasons to make sure you get a home inspection! Thanks for sharing Karen Fiddler, Broker/Owner 

Jun 05, 2016 10:15 PM
Ron Barnes
Associate Broker at Berkshire Hathaway Home Services Georgia Properties - Jasper, GA
"Most agents claim they're #1 - I THINK YOU'RE #1!

We see it all the time. The other side is also true. How many times have we heard from buyers who smell mildew in a closed listing that it has mold? Mildew is common in the south. Mold not so much.

Jun 05, 2016 10:58 PM
Rob Arnold
Sand Dollar Realty Group, Inc. - Altamonte Springs, FL
Metro Orlando Full Service - Investor Friendly & F

Seems the 2 issues in Florida that always come up are dirty AC coils and roof issues.  So I always ask sellers to have those looked at prior to listing, in addition to my own eyes looking it over.  Thanks for sharing. 

Jun 06, 2016 01:23 AM
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

It can be hard when they become attached to the property and then we start to see issues. Tough, but important to walk away. 

Jun 06, 2016 02:44 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's important to be on the lookout early on for things that might signal larger issues and not be too taken in by the glossy stuff you like. This is a very useful list to keep in mind, and of course a good agent can help.And a home inspection is a must, no matter how great the home looks

Jun 06, 2016 07:00 AM
James (Jim) Lawson, DBA
DomainRealty.com LLC - Bonita Springs, FL
Broker Associate, RSPS, BPOR, HI & PE

Thanks much Karen for bringing up this important topic.

I've been involved with homes from the design, building, renovating,  inspection, investment and sales perspectives for a very long time. I have never seen a house, new or a resale, without red flags. There is no such thing as a house in perfect condition and absolutely safe, although some come close!

The important thing is to discover the red flags, fully understand them and get the issues resolved so that escrow closes in a timely manner.    

Jun 06, 2016 02:54 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Karen Fiddler, Broker/Owner - and sometimes, the seller hide some of these 'symptoms' - good news is, home inspection reveals it anyways...

(Fortunately, I warn my buyers should I see any of these 'red flags'.)

Jun 06, 2016 03:11 PM
Melody Russell
eXp Realty of California Inc. - Scotts Valley, CA
Ranked as 1 of the top selling agents in SC County

All good points. Thank you for sharing. So many buyers buy emotionally without looking at what is important. Fortunately, the best agents in each area can effectively guide buyers through a comprehensive due diligence process.

Jun 06, 2016 04:32 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Karen, There are so many things that buyers do not see, know to look for, or think about. I cannot help but laugh when buyers say they don't need a real estate agent.  Yes. Yes, they do.  

Jun 07, 2016 02:39 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I have an investor buyer that can spot these things at twenty paces. She knows exactly what to look for and stay away from.

Jun 09, 2016 12:58 PM

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