When buyers show up to look at a house, they pay attention to more than just the home and the lot it sits on. They also consider the surrounding neighborhood. If this neighborhood is noticeably struggling, they will want to know why and are sure to find it a negative when weighing their...
If someone knows a foundation expert, for example, he or she can look for a house with foundation issues that would scare off most buyers. 鈥
possibilities of "flipping" a house.The notion behind house flipping seems simple: Buy a home that needs a little love and is priced accordingly, fix it up at minimal cost, then sell it at a profit.Cable home shows such as TLC's "Flip That House" make it look pretty easy to be ...
Foundation issues are costly fixes and best toavoid when buying a house.Once you get inside, it’s a good idea to look for uneven floors; placing a marble or golf ball on the floor can tell you very quickly if the foundation is slanted. ...
When is it too late to back out of buying a house?It’s certainly not impossible for a buyer to back out of a signed real estate contract with a seller. But there could be repercussions — especially if no escape hatches were included in the deal. Understanding your financial and legal ...
A home inspection could reveal hidden issues with your dream home. What shows up on the inspection report could give you second thoughts and leave you house hunting once again. Here are some home inspection deal-breakers to watch for, what you can do about them and when you should consider...
Ignoring roofing issues can cause damage to your entire house, including the foundation. And foundation issues? Those can run into the tens of thousands to correct. Along with roofs and foundations, make sure the following systems are in good shape: Electrical Sewer or septic (and well, if ...
Foundation Air conditioning and heating (HVAC) systems Roofing Environmental issues You may even want to consider a specialized inspection for a more detailed assessment of the house. Here are a few additional services to consider: Pest inspection:If a home has sustained damage from pests liketermit...
While there’s nothing wrong with window shopping, make sure you secure financing in a timely manner. In a worst-case scenario, buyers find the house of their dreams only to lose it to another buyer because their loan hasn’t yet been approved. ...
Even if a particular disclosure is not required in your area, sellers who have information about their house that could make a buyer unhappy might want to disclose it anyway. In addition to the moral reasons for being honest with prospective buyers—and the desire to avoid the expense and has...