Full Transcript for Home Buying Red Flags

WEBVTT 00:00:00.719 --> 00:00:01.760 Hello everyone. 00:00:01.919 --> 00:00:04.959 Welcome to back to the Military Real Estate Ricky Show. 00:00:05.040 --> 00:00:07.280 It's your girl Rena, Rena Barron. 00:00:07.599 --> 00:00:12.800 Today's topic is a topic that all home buyers should listen to. 00:00:12.960 --> 00:00:14.400 These are the red flags. 00:00:14.560 --> 00:00:25.280 So as a military retiree and a real estate professional, I'm here to help you guide through all those questionable home buying procedures. 00:00:25.519 --> 00:00:30.000 And these are some of the home the house hunting red flags. 00:00:30.160 --> 00:00:34.000 A beautiful home can sometimes hide expensive problems. 00:00:34.159 --> 00:00:40.880 The last thing you want to do is fall in love with a property only to discover major issues after closing. 00:00:41.039 --> 00:00:49.119 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. 00:00:49.280 --> 00:00:50.159 Let's dive in. 00:00:50.320 --> 00:00:53.039 Okay, red flag number one: water damage. 00:00:53.200 --> 00:00:57.280 Water damage is one of the biggest warning signs in real estate. 00:00:57.439 --> 00:01:09.599 When touring a home, pay attention to water stains on the ceilings, soft spots in the floors, bubbling paint, mold mildew spells, damp basements. 00:01:09.920 --> 00:01:13.040 If you notice a musty odor, don't ignore it. 00:01:13.280 --> 00:01:18.560 Water problems can lead to costly repairs, mold, and even structural issues. 00:01:18.719 --> 00:01:23.120 Remember, fresh paint doesn't always mean a home has been updated. 00:01:23.280 --> 00:01:26.719 Sometimes fresh paint is used to cover water damage. 00:01:26.959 --> 00:01:30.159 Red flag number two, foundation issues. 00:01:30.400 --> 00:01:34.159 The foundation is literally what holds the house together. 00:01:34.400 --> 00:01:48.319 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. 00:01:48.480 --> 00:01:55.680 However, major foundation problems can cost thousands of dollars, even tens of thousands of dollars to repair. 00:01:55.920 --> 00:02:00.000 If you notice any of these issues, make sure you do an inspection. 00:02:00.239 --> 00:02:01.599 You have to pay for this. 00:02:01.760 --> 00:02:04.400 You have to pay close attention to it as well. 00:02:04.719 --> 00:02:07.439 Red flag number three, roof problems. 00:02:07.599 --> 00:02:10.319 The roof protects everything underneath it. 00:02:10.479 --> 00:02:13.120 Ask yourself: does the roof look old? 00:02:13.280 --> 00:02:15.520 Are the shingles missing missing? 00:02:15.680 --> 00:02:18.000 Is there a sagging anywhere? 00:02:18.240 --> 00:02:20.560 Are there signs of leak in the attic? 00:02:20.800 --> 00:02:23.120 Replacing a roof can be expensive. 00:02:23.360 --> 00:02:28.800 Many buyers focus on the granite countertops and forget about the lookup. 00:02:29.280 --> 00:02:34.400 A beautiful kitchen won't matter if the rain is leaking into your home. 00:02:34.719 --> 00:02:36.639 Red flag number four. 00:02:36.960 --> 00:02:38.560 Electrical issues. 00:02:38.879 --> 00:02:42.159 Electrical problems can be dangerous. 00:02:42.319 --> 00:02:43.120 Be alert. 00:02:43.360 --> 00:02:52.639 Flickering lights, exposed wires, burn marks near outlets, outdated electrical panels, too many extensive cards. 00:02:52.800 --> 00:02:58.479 These signs may indicate the home electronic system is not working and needs updating. 00:02:58.639 --> 00:03:02.319 Always have a licensed professional evaluate those concerns. 00:03:02.560 --> 00:03:05.360 Red flag number five, poor maintenance. 00:03:05.520 --> 00:03:10.080 One of the biggest clues about a home condition is how well it's been maintained. 00:03:10.240 --> 00:03:14.960 If a homeowner ignores small repair, there may be a large hidden problem. 00:03:15.120 --> 00:03:26.159 Look for broken fixtures, peeling paint, damaged gutters, neglected landscaping, unfinished repairs, and lack of maintenance often tells the story. 00:03:26.400 --> 00:03:29.280 Red flag number six, the neighborhood. 00:03:29.520 --> 00:03:32.719 Remember this important real estate rule. 00:03:32.960 --> 00:03:37.280 You can change a house, but you cannot change its location. 00:03:37.599 --> 00:03:43.280 Visit the neighborhood during the day, at night, on the weekends, on the weekday. 00:03:43.520 --> 00:03:52.080 Pay attention to traffic, noise, nearby businesses, property upkeep, future development. 00:03:52.240 --> 00:03:57.439 The house may be perfect, but the neighborhood must fit your lifestyle. 00:03:57.759 --> 00:04:00.960 Red flag number seven, price too too low. 00:04:01.199 --> 00:04:06.560 If a home seems significantly cheaper than similar homes nearby, that's why. 00:04:06.719 --> 00:04:08.479 Sometimes it's a great opportunity. 00:04:08.639 --> 00:04:15.039 Other times it may be structural issues, title problems, major repairs, environmental concerns. 00:04:15.360 --> 00:04:22.000 Always investigate before assuming you found a bargain because that could put you at risk. 00:04:22.399 --> 00:04:32.160 Okay, so as a real estate professional, I've seen buyers become so excited about home appearance that they overlook serious warning signs. 00:04:32.319 --> 00:04:40.399 That's why I always encourage my clients to slow down and focus on home conditions, not just its cosmetics. 00:04:40.560 --> 00:04:43.519 The goal is simply to buy a house, a home. 00:04:43.680 --> 00:04:46.560 The goal isn't to buy the right home house. 00:04:46.800 --> 00:04:47.120 Okay? 00:04:47.600 --> 00:04:53.120 So if you remember only one thing during this episode, remember this. 00:04:53.759 --> 00:04:56.720 Never skip the home inspection. 00:04:57.199 --> 00:04:59.920 Never skip the home inspection. 00:05:00.000 --> 00:05:07.360 And the inspection may reveal issues that could save you thousands of dollars and help you make a smart buying decision. 00:05:07.600 --> 00:05:10.000 Knowledge is power in real estate. 00:05:10.240 --> 00:05:18.079 Okay, so if today's episode helped you, please subscribe to the Military Real Estate Ricky show and leave a review. 00:05:18.319 --> 00:05:25.519 Your review helped more military families, veterans, and first-time home buyers find this show. 00:05:25.839 --> 00:05:29.600 Also, share this episode with someone currently house hunting. 00:05:29.759 --> 00:05:37.120 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. 00:05:37.279 --> 00:05:40.639 I'm Rena Barron and I'll see you on the next episode. 00:05:40.879 --> 00:05:51.199 And remember, before you buy a home, look for these three red flags: water damage, foundation cracks, roof problems. 00:05:51.519 --> 00:05:57.519 These three issues alone could cost you thousands of dollars after you close. 00:05:57.839 --> 00:06:06.240 Okay, please check me out at Renabaron Real Estate at gmail.com or on Instagram at RenaBarron Real Estate. 00:06:06.480 --> 00:06:08.879 And I'll see you on the next episode. 00:06:09.199 --> 00:06:10.000 Ciao.