Home sellers don’t always give you the full details of the property they are trying to sell. It is unfortunate that if you were to hire a professional inspector for each viewing, it would get incredibly expensive. Thus, here are a few things that you can spot yourself, telling you to avoid the purchase.
First of all, check the neighborhood. This is one of the most important things you will do. Is it a growing community, or is it in decline? Seeing a lot of homes in foreclosure and boarded up businesses is a sure sign of trouble. Experts say that it is best to visit the same neighborhood at different times and on different days. This is also a great opportunity for you to get to know the traffic. Make sure you come during an evening once as well, so you can find out whether there is any noise pollution or traffic problems when it is supposed to be quiet. Contact the police as well and ask them for crime statistics on the local area.
Then, you need to look into things that may have caused damage to the property that are very hard to fix. Some of these issues include water damage, pest damage, asbestos, mold and faulty wiring. Sadly, in order to see these problems, you may require quite specialized skills yourself. The current owners may not even know that the problem is there. And if they do, it is likely that they will try to keep them hidden. By simply ensuring the property is very clean and no sockets are used unnecessarily, you are not able to see the problems are there. To find out, you can arrange for a home inspection, but do also make sure you speak to members of the community. Unless they are selling themselves, they will generally be happy to tell you whether there have been problems in the past. Usually, problems like pests, water damage and mold don’t occur in just one home.
Basically, you should not purchase a property that has not gone through a professional inspection. With the information above, you should be able to find out whether you should walk away, or whether hiring an inspector is a good idea. If the property does have problems, you can decide to walk away from it, or you can demand a substantial discount in order to pay for the repairs. Also, always trust the advice of home inspectors. Their goal is to make sure you get a good deal on a property.