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When most people think of realtors, they think of someone knowledgeable about the housing market who can help them find their dream home. While that is undoubtedly true, realtors do much more than that! They also work to get sellers the best price for their homes and help buyers navigate the complicated process of buying a home.
However, many realtors trick unassuming stakeholders by not disclosing important information. As a result, homebuyers are left with deep regret and an investment that goes down the drain. This blog lists important points that scamming realtors deliberately withhold when selling a property.
1) Think Long Term When Buying -
Realtors often entice buyers by convincing them that it fits their needs perfectly. They'll say things like, "This three-bedroom house is perfect for starting a family!" or "The location is fantastic! You're close to work and all the best schools."
However, they don't discuss the bigger picture when you make a huge purchase. Just because a house is perfect for your current situation doesn't mean it will be in the future.
What if you have another child and need a bigger home? What if you get a new job farther away from the city? These are all things to consider before signing on the dotted line.
2) Will the House Hold Its Value? -
Realtors are quick to tell you how much a home has increased in value over the years, but they're not so forthcoming about the future. A neighborhood is "up-and-coming" doesn't mean it will stay that way. If you're thinking long-term, you need to find a place that will appreciate at a steady rate rather than one that's prone to drastic swings.
3) What Are the Hidden Costs? -
Everyone knows there are closing costs when you buy a house, but there are other hidden expenses to keep in mind. For instance, if the previous owner was elderly, the home might not be up to code with current safety standards. This means you could look at expensive renovations to make the place livable.
4) What's the Real Crime Rate? -
Getting accurate information about the crime rate when buying a place is challenging. The police department might have data on the number of reported crimes in a specific area, but that doesn't give you the whole picture. If a lot of crime goes unreported, or if the police don't have a good handle on what's happening, the numbers could be skewed.
5) Not Being Upfront About Other Problems -
Some realtors will try to downplay or hide any problems with the property that they think might dissuade you from buying. They might not mention things like a leaky roof, foundation problems, or mold in the basement. Getting a professional home inspection before you make an offer on a property is essential.
Get reliable insight into the hot properties near you. Stay away from real-estate scams with Bonnie L Miller PA, CNE-Exp Realty LLC, serving Matlacha, FL.
We can help ensure that your property search is a breeze – contact us today to begin your property search!