In today’s housing market, there are low home prices, high volumes of inventory, and low goverment tax deals. Even though all these factors make buying a home look simple, Buyers should educated themselves about the potential pitfalls of purchasing a distressed property. When they come upon a problem in a home the buyer is considering purchasing, the buyer should consider the source of the problem and when the problem was addressed. Also, when looking at homes, a buyer should look out for these ten indications that trouble could be right around the corner:
1. Unheated house in winter months
2. Missing sinks, toilets, and other fixtures
3. Peeling, bubbling, and or swelling of paint (indication of water damage)
4. Fungus growth (potential water damage)
5. Blocked drains or pipes
6. Black cobwebs or greasy gray residue
7. Old home with extensive renovations
8. Excessive painting (attempting to cover up mold)
9. Discolored subflooring (indication of mold)
10. Air quality
To view the full video and get even more information about purchasing a damaged property click this link: http://manage.top5inrealestate.com/videos/preview/62





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