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What to avoid when looking for a home

On Behalf of | Apr 4, 2018 | Residential Real Estate

Most Delaware homebuyers get pretty excited when they find a property they believe fits all of their needs. Upon further research, however, a property could be more of a nightmare than a dream home. One sign that a home may not be worth buying is if the price was reduced significantly by the current owner. This could be a sign of a structural or other issue that needs to be looked into.

Someone who is going to buy a home should never close on a deal without doing a home inspection first. The inspection can reveal flaws that aren’t easy to spot during a showing or an open house. If there are problems with the title, the buyer might not acquire full ownership of a home. Therefore, it can be a good idea to look closely at the title before closing on a property.

If a home is being sold in an area where there are a lot of properties for sale, this should be a concern to a potential buyer. The same could be true if there are few or no photos of a home in a listing. Finally, it is worth looking at surrounding properties to see if there is anything that could reduce the future resale value of the home.

Buying a residential property tends to be a complex process. For example, it’s generally a good idea to look into any title or zoning issues that could affect a property. If there are issues with the listing itself, a buyer may benefit by looking at other available properties. An attorney could assist a buyer at any point during the process.