Latest / Military Real Estate Rookie Show / Home Buying Red Flags

Transcript

Home Buying Red Flags · Military Real Estate Rookie Show

• 0:00
  SPEAKER_00: Hello everyone.
• 0:01
  SPEAKER_00: Welcome to back to the Military Real Estate Ricky Show.
• 0:05
  SPEAKER_00: It's your girl Rena, Rena Barron.
• 0:07
  SPEAKER_00: Today's topic is a topic that all home buyers should listen to.
• 0:12
  SPEAKER_00: These are the red flags.
• 0:14
  SPEAKER_00: So as a military retiree and a real estate professional, I'm here to help you guide through all those questionable home buying procedures.
• 0:25
  SPEAKER_00: And these are some of the home the house hunting red flags.
• 0:30
  SPEAKER_00: A beautiful home can sometimes hide expensive problems.
• 0:34
  SPEAKER_00: The last thing you want to do is fall in love with a property only to discover major issues after closing.
• 0:41
  SPEAKER_00: In today's episode, I'll share the biggest red flags I look for when showing homes to my clients and during your own home shirts.
• 0:49
  SPEAKER_00: Let's dive in.
• 0:50
  SPEAKER_00: Okay, red flag number one: water damage.
• 0:53
  SPEAKER_00: Water damage is one of the biggest warning signs in real estate.
• 0:57
  SPEAKER_00: When touring a home, pay attention to water stains on the ceilings, soft spots in the floors, bubbling paint, mold mildew spells, damp basements.
• 1:09
  SPEAKER_00: If you notice a musty odor, don't ignore it.
• 1:13
  SPEAKER_00: Water problems can lead to costly repairs, mold, and even structural issues.
• 1:18
  SPEAKER_00: Remember, fresh paint doesn't always mean a home has been updated.
• 1:23
  SPEAKER_00: Sometimes fresh paint is used to cover water damage.
• 1:26
  SPEAKER_00: Red flag number two, foundation issues.
• 1:30
  SPEAKER_00: The foundation is literally what holds the house together.
• 1:34
  SPEAKER_00: Watch for large cracks in the wall, doors that won't close property, uneven floors, cracks in the foundation, windows that stick, minor minor settling in common areas in many homes.
• 1:48
  SPEAKER_00: However, major foundation problems can cost thousands of dollars, even tens of thousands of dollars to repair.
• 1:55
  SPEAKER_00: If you notice any of these issues, make sure you do an inspection.
• 2:00
  SPEAKER_00: You have to pay for this.
• 2:01
  SPEAKER_00: You have to pay close attention to it as well.
• 2:04
  SPEAKER_00: Red flag number three, roof problems.
• 2:07
  SPEAKER_00: The roof protects everything underneath it.
• 2:10
  SPEAKER_00: Ask yourself: does the roof look old?
• 2:13
  SPEAKER_00: Are the shingles missing missing?
• 2:15
  SPEAKER_00: Is there a sagging anywhere?
• 2:18
  SPEAKER_00: Are there signs of leak in the attic?
• 2:20
  SPEAKER_00: Replacing a roof can be expensive.
• 2:23
  SPEAKER_00: Many buyers focus on the granite countertops and forget about the lookup.
• 2:29
  SPEAKER_00: A beautiful kitchen won't matter if the rain is leaking into your home.
• 2:34
  SPEAKER_00: Red flag number four.
• 2:36
  SPEAKER_00: Electrical issues.
• 2:38
  SPEAKER_00: Electrical problems can be dangerous.
• 2:42
  SPEAKER_00: Be alert.
• 2:43
  SPEAKER_00: Flickering lights, exposed wires, burn marks near outlets, outdated electrical panels, too many extensive cards.
• 2:52
  SPEAKER_00: These signs may indicate the home electronic system is not working and needs updating.
• 2:58
  SPEAKER_00: Always have a licensed professional evaluate those concerns.
• 3:02
  SPEAKER_00: Red flag number five, poor maintenance.
• 3:05
  SPEAKER_00: One of the biggest clues about a home condition is how well it's been maintained.
• 3:10
  SPEAKER_00: If a homeowner ignores small repair, there may be a large hidden problem.
• 3:15
  SPEAKER_00: Look for broken fixtures, peeling paint, damaged gutters, neglected landscaping, unfinished repairs, and lack of maintenance often tells the story.
• 3:26
  SPEAKER_00: Red flag number six, the neighborhood.
• 3:29
  SPEAKER_00: Remember this important real estate rule.
• 3:32
  SPEAKER_00: You can change a house, but you cannot change its location.
• 3:37
  SPEAKER_00: Visit the neighborhood during the day, at night, on the weekends, on the weekday.
• 3:43
  SPEAKER_00: Pay attention to traffic, noise, nearby businesses, property upkeep, future development.
• 3:52
  SPEAKER_00: The house may be perfect, but the neighborhood must fit your lifestyle.
• 3:57
  SPEAKER_00: Red flag number seven, price too too low.
• 4:01
  SPEAKER_00: If a home seems significantly cheaper than similar homes nearby, that's why.
• 4:06
  SPEAKER_00: Sometimes it's a great opportunity.
• 4:08
  SPEAKER_00: Other times it may be structural issues, title problems, major repairs, environmental concerns.
• 4:15
  SPEAKER_00: Always investigate before assuming you found a bargain because that could put you at risk.
• 4:22
  SPEAKER_00: Okay, so as a real estate professional, I've seen buyers become so excited about home appearance that they overlook serious warning signs.
• 4:32
  SPEAKER_00: That's why I always encourage my clients to slow down and focus on home conditions, not just its cosmetics.
• 4:40
  SPEAKER_00: The goal is simply to buy a house, a home.
• 4:43
  SPEAKER_00: The goal isn't to buy the right home house.
• 4:46
  SPEAKER_00: Okay?
• 4:47
  SPEAKER_00: So if you remember only one thing during this episode, remember this.
• 4:53
  SPEAKER_00: Never skip the home inspection.
• 4:57
  SPEAKER_00: Never skip the home inspection.
• 5:00
  SPEAKER_00: And the inspection may reveal issues that could save you thousands of dollars and help you make a smart buying decision.
• 5:07
  SPEAKER_00: Knowledge is power in real estate.
• 5:10
  SPEAKER_00: Okay, so if today's episode helped you, please subscribe to the Military Real Estate Ricky show and leave a review.
• 5:18
  SPEAKER_00: Your review helped more military families, veterans, and first-time home buyers find this show.
• 5:25
  SPEAKER_00: Also, share this episode with someone currently house hunting.
• 5:29
  SPEAKER_00: Until next time, remember, how homeownership is just about it's not just about finding a place to live, it's about building a legacy.
• 5:37
  SPEAKER_00: I'm Rena Barron and I'll see you on the next episode.
• 5:40
  SPEAKER_00: And remember, before you buy a home, look for these three red flags: water damage, foundation cracks, roof problems.
• 5:51
  SPEAKER_00: These three issues alone could cost you thousands of dollars after you close.
• 5:57
  SPEAKER_00: Okay, please check me out at Renabaron Real Estate at gmail.com or on Instagram at RenaBarron Real Estate.
• 6:06
  SPEAKER_00: And I'll see you on the next episode.
• 6:09
  SPEAKER_00: Ciao.