First Time Home Buyers: Beware Of These 8 Red Flags You Need To Watch Out For

It is every homebuyer’s dream to buy a house they can finally call home. However, the home-buying process is never an easy one. With a home purchase being a significant investment, one needs to make sure the house you’ll be buying is in tip-top shape, has a good market value and makes you feel right at home.

But before you go house hunting, it is a must for you to shop for good lenders offering Mortgage Loans San Antonio that will fit your needs and situation. This way, you can finance your home purchase and pay your mortgage dues comfortably.

Once you determine how much of a house you can afford, that’s the time you go shopping for homes. Make sure to keep these eight warning signs in mind when you’re out house-hunting.

A Newly Painted Basement

Realtors consider recently painted basements as a red flag since homeowners often do this to cover major problems. Request further inspection before buying a house with a newly painted basement.

Large Cracks On The Foundation

Foundation problems can cost you thousands of dollars in repair and maintenance. Unless the seller gives a fair and decent proposal to address the issue, it’s best to take your business somewhere else.

Pest Problems

You won’t want to live in a house that’s infested with pests and insects. While some will seem a bit harmless, there are those that can pose as a potential health threat and can cost you hundreds to thousands of dollars to fix.

Good Read: Termite damage doesn’t automatically mean you can’t buy the house

Foul Or Pleasant Odors

When you find a foul odor in one of the rooms of the house, it’s best to investigate and ask the seller for the cause. As for a room with a pleasant smell, it can mean the seller is hiding a problem by masking it with fresh scents.

Missing Permits

There are specific home improvement projects that require permits that show they are compliant with the rules set by the local building department. This ensures safety and code. If your seller fails to provide necessary permits on home improvements made, you may be required to pay for expensive repairs. If you find any open license, you can request the seller to work on them before the closing period.

Price Drop

If a house has been on the market for a few months now and the seller makes a crazy price drop at about $20,000 or more, consider this as a way for sellers to get rid of the home quickly. Do your research before buying such a house and find the reason why they posted the price at a considerably low rate.

Seller Refusing A Home Inspection

If you wish to find the true state of a house, know what repairs and maintenance are due and the real current market value of the house, don’t skip a home inspection. A seller trying to sell their home without allowing home inspections means they can be hiding problems underneath the cosmetics.

Recommended Read: 10 Reasons You Shouldn’t Skip A Home Inspection

Amateur Repairs

Not all home repairs require the hands of experts. However, if you found amateur repairs on the electrical and plumbing, this can mean poor home maintenance. One can find this by seeing leaky faucets, flickering rights and even missing trim work.