Property Tax Managers

  • Home
  • About
    • About Us
    • Testimonials
    • Property Tax Glossary
    • FAQ
  • Texas Property Taxes
    • Binding Arbitration – FAQ
    • Texas Property Tax Calendar
  • Our Fees
  • Sign Up Now
    • Enroll Now
    • Additional Property List
    • Counties Served
    • Sample Forms
    • Submitting Evidence
  • Blog
  • Contact Us

A Few Red Flags To Look For When Buying Real Estate

August 7, 2013 by Rob Wheelock Leave a Comment

A Few Red Flags To Look For When Buying Real Estate

If you’re looking to purchase real estate, keep in mind that the homes you are considering might be in need of repairs or improvements.

In a recent study done by a major home inspection company, at least 40 percent of previously owned homes on the market have at least one serious issue or defect.

When buying real estate, you should have a professional inspection performed on the property to look for any issues that might not be visible to the untrained eye.

It’s better to identify this damage before you buy so that you are not stuck with budget-busting renovations.

Below are a few major red flags you should look for when buying a home.

Foundation Damage

Look at the slope of the yard. If the land slopes towards the house, this could be causing water to run down into the foundation, which will result in moisture damage. Take a look at the foundation for any bulges or cracks that could indicate serious issues.

Faulty Wiring

Your home inspector should be sure to check the electrical wiring — especially if it is an older house. If there are any flickering lights, circuits that don’t work, or warm outlets, these are telltale signs of wiring issues that might be expensive to fix.

Ceiling Stains

This is usually a sign that something in the house is leaking. Ceiling stains are common underneath bathrooms when a toilet, shower or bathtub has a leak. A leaky roof could be an even more expensive repair.

When you are negotiating to buy a house and damage is discovered, you can either change your mind about the sale or renegotiate for a lower price that factors in the cost of repairs. Either way, it is always worth having the home professionally inspected to identify red flags and avoid any surprises.

Please call me, your trusted real estate professional for more information about buying your next home.

Filed Under: Home Buyer Tips Tagged With: Home Buyer Tips,Home Inspection,Home Maintenance

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us


Dallas, Texas
Call (972) 674-3889
Property Tax Managers

How can we help?


0 / 180
Pandemics And Property Taxes: Don’t Expect A COVID-19 Miracle

Click for the larger version of the cartoon






Recent Articles

  • Avoid These Home Projects If You Are Selling Your House Soon
  • Staging Tips: How to Make Your Bedrooms One of Your Home’s Best Selling Features
  • You Are A Serious Buyer: How To Show It
  • What’s Ahead For Mortgage Rates This Week – June 21, 2022
  • A Guide To Finding The Perfect Property For You And Your Family

Quick Links

  • About Us
  • Accessibility Statement
  • Enroll Now
  • Counties Served
  • Privacy Policy
  • Contact Us

Questions?

If you have a question about how any of this works, just give us a call at 972-674-3889.

You can also email us at: [email protected]

Connect With Us

Copyright © 2022 · Powered by MySMARTblog