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3 Real Estate Red Flags to Watch Out for When Buying a Home

Look out for these signals when home buying.  

Buying a new home will likely be the largest purchase you will make in your lifetime, so it makes sense to be extra cautious as you approach this major milestone. To help, we’ve rounded up some essential red flags to note when house hunting.

Music and scented candles

Although music and scents can enhance your experience as you search for a home, the reality is that they can be red flags. See the property again without these enhancements and see if you feel the same way about the property. Remember that candles could be lit to mask underlying problems with the house, such as smoke damage or mold.

A home that doesn’t conform to the local market

One of the first things to watch out for is a deal that may be too good to be true. A home that is too cheap for the neighborhood might be a red flag, indicating that there is an expensive problem that will need to be fixed later on down the road. You should also watch out for homes that are too expensive for an area or that have features out of the ordinary for the market.

Length of time on the market

A home that has been on the market for a long time raises red flags, typically indicating that there is a deficiency with the listing. It could be because of the state of the property or the house could be in probate.

 

The real estate and mortgage industry can be confusing. Enlist the help of Andraya Coulter to find the best home loan to fit your needs and your budget. I assist California and Texas with all their home loan needs.  Contact me to get started today!

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