Is It Time To Walk Away From A Home Instead Of Buying It?Share
In the search for the perfect home for you and your family, you will undoubtedly find homes that will not fit your criteria. Sometimes, you will find a home that is so close that you think it does. However, there might be a problem with the home that could be cause for concern. To help you avoid making the wrong decision about the home, here are some signs that you should continue house hunting.
Undisclosed Structural Problems
After your offer is accepted on a home, the seller is required to make specific disclosures to you. In many states, known structural problems must be disclosed. If not, the sale of the home could be in jeopardy. If the sale does go through, the buyer could still take legal action against the seller if he or she did not make the proper disclosure.
During the home inspection, the inspector will look for signs of structural problems. If he or she detects a problem that was noticeable and the seller has not disclosed this to you, it might be wise to keep looking for a home. If the seller is hiding problems that are detectable through an inspection, he or she could be hiding other issues with the home.
Too Many Compromises
Finding a home that fits every need and want that you and your family have can be challenging. Your real estate agent will likely ask your family to compromise on some things that are on your house hunting lists. Compromising is fine, but if you are giving up more than you feel comfortable with, continue your search.
A good way to determine whether a concession is worth it or not is to create a list of must-haves before you start searching for a home. The must-haves should only consist of the amenities that your family absolutely needs to be comfortable. For instance, a three bedroom would be a must-have. Other amenities or features that your family want that do not fit on the must-have list could be placed on the want list. Items on the want list are what you can be willing to compromise on.
Your real estate agent is vested in helping you find the property for sale that is right for your family. Work closely with him or her to help you avoid making the wrong decision. If you have doubts about a home, talk to your agent, and he or she can provide advice that can help with your choice.