Buyer Beware: 4 Common Problems Home Sellers Try to Hide
It's easy for buyers to fall in love with properties when they're looking at polished hardwood floors, new appliances or renovated kitchens. During open houses and showings, glamorous features get all the attention. However, these dream homes right away can be dangerous.
Asbestos and electrical wiring are hard to get excited about, but ignoring them can be a financial disaster. Buyers risk serious costs and a huge amount of hassle if they don't do their research.
It can be daunting for buyers to do their due diligence. There are many factors to take into consideration and they're not always obvious. Being fully prepared before putting down an offer can be difficult, even for the most experienced buyers.
Being confident is also hard when homeowners are actively trying to conceal problems. Despite this, making a fully informed decision can be a quick and easy process that anyone can achieve.
This list of the four most common problems home sellers try to hide will guide buyers every step of the way, from pictures to purchase.
1. Risk of Water Damage
Water damage can be one of the most expensive issues homes can have. It's also easy to ignore when they're especially beautiful or unique.
Homeowners may also be tempted to conceal past, present, and future problems, particularly if they're looking to maximize the price of their homes or make a fast sale. Buyers will benefit when they watch for water damage when looking to make a purchase.
2. Rotting Wood
Rotting or otherwise damaged wood is also relatively simple to forget about but can lead to thousands of dollars in repairs. Poor drainage, termites, and other factors are all factors that should be considered.
Whether it's the deck or the floor, buyers need to be mindful of the status of wood components in homes.
3. Damaged or Outdated Roof
Roofs aren't the first things buyers notice, but they're crucial parts of every home. Damaged or outdated roofs can cause considerable personal and financial stress.
