a new home? Whether you’re relocating, looking for a summer property, or hoping
to become a first-time home buyer, purchasing a residential property is a major
decision that should not be rushed or taken lightly. Because buying a home is
such a serious commitment, taking your time to do thorough research and gather
all the information you need to make a well-informed purchase. While a title
company in Boca Raton can guide and support you through the home buying
process, knowing what to look for beforehand can help you avoid wasting time
major red flags should not be ignored if you’re looking for a new home.
if it looks too good to be true, it is. If you find a home where the owner
seems desperate to get rid of it, that should give you pause. Rushed sales can
be a sign of something that’s not right beneath the surface—either literally or
figuratively. Some home owners can afford serious repairs, and so opt to sell
their property instead. However, because major renovations are so expensive,
they can make a house impossible to sell. Home owners may withhold this kind of
information and feign ignorance is hopes of getting more value from their
sales may also be caused by a desire to get ahead of legal issues. Most short
sales are caused by financial need to break a mortgage contract, which allows
the new owner to take over. This information should be disclosed from the
beginning, but it may not be—especially if the amount owed is excessive.
Thankfully a title search conducted by a title agency in Boca Raton can reveal
any outstanding loans, liens, or property taxes associated with your potential
ownership comes a slew of responsibilities, including proactive measures for
maintaining your property. However, sometimes issues that have been brewing
under the surface for years or decades crop up after you make your purchase.
Knowing what signs to look for that may point toward underlying problems like
structural or plumbing issues, mold, or poor ventilation can save you thousands
of dollars in the long run.
touring a home, look for:
Uneven, warped flooring
Cracks in the walls, floor, or ceiling
Stains and water damage on the ceilings
Poorly maintained gutter systems
Signs of hasty repairs:
mixed matched tiles
improperly installed light switch or outlet covers
random spots of new paint
cracks in or around sinks, toilets, or tubs
sellers may attempt to conceal pest problems like ants, roaches, termites, or
rodents. While a quick cleaning can hide the most obvious signs, other
tell-tale signs are more difficult to camouflage. Pay attention to small holes
in the corners of rooms, especially closets or the kitchen. Rotting or damaged
wood around the property may point toward termites. Check nooks behind
appliances for droppings or signs of rodent nesting.
found your dream home? If you’re ready to take the next step, Expert Title
Company can help! Contact us today and let us tell you how!