Look Out For The RED FLAGS...
When you begin your home search, it's important to be very observant when viewing different properties. It's easy to get lured into a property that's cosmetically appealing, yet one that needs a lot of TLC.
Most people try to connect on an emotional level with a property to see, sense and feel if it's the right one for them. That's OK to do, but it should only be the first of two steps when viewing.
Second and more importantly, go through the property again and make a list of potential issues with the property that you'd need to address should you purchase it. What repairs are needed in the short-term? What improvements would you make to the property? Is the landscaping over-grown and not well maintained? How old are the mechanical systems? Does the basement appear to have any water leakage problems?
These and other questions are important to delve into when looking at properties.
Since you don't have your whole house inspection until after you've entered into an agreement with the seller, you need to have an idea of how much you may end up spending on the property in the short-term and that will help you when you make your bid.
Most people try to connect on an emotional level with a property to see, sense and feel if it's the right one for them. That's OK to do, but it should only be the first of two steps when viewing.
Second and more importantly, go through the property again and make a list of potential issues with the property that you'd need to address should you purchase it. What repairs are needed in the short-term? What improvements would you make to the property? Is the landscaping over-grown and not well maintained? How old are the mechanical systems? Does the basement appear to have any water leakage problems?
These and other questions are important to delve into when looking at properties.
Since you don't have your whole house inspection until after you've entered into an agreement with the seller, you need to have an idea of how much you may end up spending on the property in the short-term and that will help you when you make your bid.
At your service,
Dan
What questions do you have about this tip or any other topic?
I'll gladly answer your questions at: dan@danweis.com.
Tell a friend about my next Free Home & Condo Buyer Class!
I'm available to help you find your dream home! Contact me for a Free Consultation: (513) 615-1890 or dan@danweis.com


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