Author: Christopher Green
If someone is eager to sell their property, they may keep a few defects hidden. It is unfortunate that if you were to hire a professional inspector for each viewing, it would get incredibly expensive. But don’t worry because a potential buyer like you can do a bit of inspecting yourself and here are indicators showing what house to avoid buying.
The first thing is that you must think twice before you purchase a “fixer upper.” It is certainly true that these properties seem very interesting because they are so affordable. Many times, we believe that we can fix the problems ourselves. In reality, however, they are often things that must be done by qualified professionals. The price you pay for these professionals may be a lot higher than you had budgeted for initially. Next, you must be careful with properties that have modifications made that are clearly DIY. With all the best intentions, things that have been done without professional help can look great, but are often full of problems.
Then, you must look into historical problems that may have caused problems that simply cannot be repaired. These things include water damage, pest damage, asbestos, mold and faulty wiring. But it often takes a professional eye to actually spot these problems. It is possible that the present owners do not even know that these issues are there. In the cases where they do know that these issues are present, they may take steps to hide them. It is incredibly easy to hide these significant issues through simple things such as cleaning and switching the power off. To find out whether these issues are there, you can organize a professional home inspection, but you can also speak to community members. They can tell you about the history of various properties in the area. Generally speaking, major problems like pests, water damage and mold will occur in more than one property.
The bottom line is very simply that a home should never be bought unless a professional inspector has given you the green light. The information above, therefore, is not designed to help you decide whether or not you want to buy, but rather whether or not you want to have it inspected. If there are any existing problems, you may want to consider not buying the property at all, or asking for a very significant discount as you will have to invest in the repairs sooner or later. Do also consider the opinion of your home inspector. The goal of professional home inspectors is to make sure that you can truly get your dream home, and not some sort of money pit disaster.
Quick Advice When Looking At Selling a House
Lots of individuals are investing in real estate because they want to earn more income in the future. If you could buy a house now for a specific value, it’s going to be more pricey in the next 5 years if the real estate market will stay stable. Nonetheless, you’ll have to think about how hard it is to sell a property. You will see tons of articles stating that selling a property is extremely easy or there are some advertisements telling you that they can sell your property in just a few months. You could bring the price down, but this is not a great thing to do.
Today in the real estate market, the supply fully surpasses the demand, but you could find different ways to sell your house successfully. Below are a few of the ideas on how to do this.
Pay Attention to Curb Appeal
First impression lasts so your house should have a specific impact when a customer sees it the very first time. You could put yourself in the shoes of a buyer and try to appraise the curb appeal of your house.
Head out of the house and take a look at it to check out its faults. Is it desirable enough to offer a good impression to a prospective customer or does it need maintenance that you’ve always been postponing?
The first thing that a prospective customer would see is the exterior of your property and believe it or not, most of them take notice on how their new house would look like in the outside. Make the necessary preparations and fix anything that needs fixing.
Make The Right Enhancements
You will need to make the essential enhancements inside and outside the house to draw in the buyers. They always want a house that is already complete and they will not have to make any repairs.
If you are the seller, make certain that you check everything that needs to be fixed and make improvements. Nonetheless, you must never over improve the house because some enhancements will not make a huge difference in the value of your home.
Upgrades can raise the value of your home and its chances to be sold, but you can’t make an improvement that will not pay in the end. You should do your research and put your money into the things that will offer you the best return.
Take Away The Clutter
When you are referring to clutter, these are things that you must remove from the house when you are selling it. You’ll need to remove your personal items, collectibles and art works because it’ll not help you in selling the house. Get rid of all the things that are not essential and just leave the furniture to help make the rooms bigger. The objective here is to actually help the buyers visualize what they want to do in your house once they bought it. When they enter your house, they will begin to visualize what they really want to add so you must take away the unnecessary and personal items inside the house. It’ll be tough for them to do this if your personal items are still inside the house.
Put a Reasonably Competitive Price For Your house
If you wish to sell a home in the Boise and Nampa area, you will need to put a competitive price for your house. Putting a lower price will be like leaving money on the table and placing a high price will make it unappealing to most buyers.
With regards to home buying, the buyers will always take a look at the houses which are similar with yours and they’ll compare the costs. If your home is too costly, they won’t even think about it as one of their options.
You should remember that most customers are only counting on home financing so they will not be selecting a house that is too expensive. If you put a low value, you can sell the house quickly, but your investment will not be given back to you.
Find a Real Estate Agent
You are undoubtedly making an error if you believe that you may sell your home on your own. In case you are not really a professional real estate agent, it’s going to be difficult as you do not have the experience and knowledge to do this. In case you are likely to do this on your own, there is a chance that you will not be able to sell your home or you won’t get a good deal. You may get lucky and get a great deal for the house, but you can’t count on luck when you are selling a property because we’re referring to a lot of money. You must employ an agent and let them do everything for you. You will need to pay them, but this is a lot better than getting a bad deal because you don’t have any idea what you need to do.
Before you opt to sell your house, you have to think about all of these simple guidelines so you will not make an error. The real estate market is extremely complicated so you must know anything and everything about this before you sell your house.
When screening a prospective tenant, the goal is to communicate with them on the phone and in person to watch for any red flags. It is easier than you think to determine whether or not a person is going to be a good tenant. While the person may have an excellent credit history and report, that does not necessarily that they will be a reliable, and/or easy to work with.
Keep in mind that it is rare to have a perfect tenant that always pays on time, never calls you for maintenance, never asks for repairs, or contacts you at all other than to say happy holidays. However, you can usually tell if a prospective tenant is going to be more difficult than the typical renter.
It is also very important that you research online mistakes that renters usually make. This is so that you can be prepared for the general issues that will likely come up, and be armed with how to handle the situations.
Red Flags to Watch Out for
. Did the tenant not tell you their three friends would be coming to view the property with them? They could be tagging along to see where they will be spending most of their time, rent-free.
. Any negative talk about a previous landlord. The key things to watch out for here are the specifics they give. For example, if the prospective tenant says that the landlord kept getting on them about complaints over their dog barking (and they swear he doesn’t even bark much), you can pretty much assume you will be getting the same complaints from the neighbors of your property, too. See: Top Ten Mistakes Landlords Make.
. If the new tenant is in a rush to find an apartment, it can be a sign of a big problem, such as eviction at his current apartment. While you should already be calling previous landlords anyway, this should be only further motivation.
. See if they are on time for the property showing. If they are unreliable the first time you meet them, don’t be so sure their rent won’t be late too. Of course, there are always exceptions and they could have been held up at work, or another obligation they couldn’t get out of. Use good judgment. Read: Ten Biggest Mistakes Renters Make.
. Was the prospective tenant easy to coordinate with? In a perfect world, your tenant would pay on-time every month and the apartment would never require any maintenance. However, that rarely happens and you’ll need to be able to coordinate with the tenant in the future. Make sure they can be reliable enough should you need to coordinate maintenance in the future. Be sure to read: 3 Mistakes Landlords Make During Lease Signing & Move-In.
. Look for any criticism regarding the property. If they haven’t moved in, and are already complaining or making demands about things that should be changed, ask yourself if its worth it to have them on your lease. There are times when a tenant will ask for reasonable things to be fixed or changed before they move in.
. Listen to any and all questions they may ask, as they will indicate their priorities. If they are young, and ask if the walls are thin, this may be a sign that they will be having company over a lot. If your tenants on the other side are older professionals, you may want to re-consider letting a recent college grad be their new neighbors.