Don’t you sometimes feel as if the process of buying the house was just one big game between the buyer and the seller in which the latter is trying to outsmart the first one and trick them into purchasing a home that is really not worth the price? Well, if it’s a game they’re playing, no problem. We’ve prepared a list of the most common issues they’re trying hard to hide, so you will be well prepared to lower the starting price as much as possible, or even give up on the purchase altogether if the home in question has all these problems.
Before even taking a peek inside, let’s remember that location is everything, and for a good reason. First of all, you should check if the area is famous for common traffic congestion. Also, ask around to see whether any of your neighbors are too noisy to be put up with. If you have children, you have already enquired about the education institutions in the area, but what if they are not that suitable, so you plan on buying an affordable home and paying for education more in a school from a different district? The school district zoning system may represent an obstacle in this case.
These and plenty of other issues have a huge impact on the price of the property, so it’s advisable you get a free property report for the house you wish to buy. Not only will you have the price estimate and what to look for list, but also information on earlier sales, and even rental history.
Leaks of all kinds. This is something most people put off doing, and eventually they are closer to selling their homes than solving the simple issues. Leaking can appear anywhere: ceilings, roofs, radiators, faucets – you name it, it’s dripping and taking your money away. Most leaks occur in the bathroom of course, but you should check the whole house for signs of leakage.
Aging mechanical systems
Do not be fooled with the seller’s faked ignorance about the age of water heaters and HVAC systems. If that’s the answer you get, the systems are probably considered too old to be mentioned. Nevertheless, your home inspector should be able to find the information rapidly. As opposed to leaks, these can cost you quite a lot.
Imagine this: the freshly painted walls look picture prefect, as the whole house in general, but it hides one dirty secret – termites! Before you ask about any pest issues, check if the seller can lie to your face, i.e. if there aren’t any disclosure laws that would force them to share the information with you.
Even though some of them are really easy to spot, such as a sagging roof or cracks in the walls, that does not necessarily mean the complications are always going to be visible to an inexperienced eye. In order to definitely determine whether you would be in for a costly repair, call a home inspector to take a professional, closer look and give their stamp of approval (or not).
However, one thing a home inspector cannot help you with is a pool in the back garden. If you are looking for a home with a refreshing area, be aware that there is much more to check than just water consumption and pool shape. Most home inspectors aren’t trained to estimate pools since they have complex systems that can usually only be checked by a professional pool expert. Don’t expect from your seller anything apart from proudly presenting you the pool. No one is going to brag about the existing complications of something that is considered rather a luxury than a necessity, thus admitting their bad judgement.
Now that you know what to pay attention to, you are ready to begin proper house hunting, ask the right questions and negotiate the price. In short, let the games begin!
Guest blog provided by Bill Gordon:
Bill Gordon is a freelance writer who likes writing articles that cover small business and corporate related topics. He has written numerous articles and contributed to several other blogs. When he is not writing, he enjoys spending time with his wife and riding bikes.
This was reported by the denver mls:
Why Merger Talks Ended
The IRES Board of Managers continued to make conditional demands, including:
1) the addition of a withdrawal provision that would give them the ability to walk away from the merged company after one year. (Could you imagine selling a home with a clause that rendered the contract null and void if the new homeowner chose? Yea…not a good idea.)
2) that REcolorado and IRES continue to operate separately. This meant our subscribers would continue to use two systems, operate under two sets of rules, and pay two bills for at least a year. (We’re assuming that doesn’t sound like a merged company to you either.)
REcolorado is 100-percent committed to moving forward with merger negotiations if the IRES Board of Managers would agree to remove these provisions.
Despite this roadblock, REcolorado is moving forward with its vision of one MLS on the Front Range and beyond designed to serve the best interests of real estate professionals and their clients. And you can help. If you share this vision, we encourage you to contact your Association, REcolorado Board of Directors, and IRES Board of Managers and tell them you want one MLS for a long-term solution to provide consolidation which is the best for brokers and agents. Visit MLS of the Future to learn more.
REcolorado (Denver MLS)-IRES (Colorado Springs MLS) Merger Talks End Again! and the only people getting hurt are the agents and consumers. Unfortunately, I have reported this before. The front range Colorado MLS bureaucracy is still power hungry. As I have dealt with both MLS over the years I can say with certainty that the Denver MLS is better in every way. The Denver MLS does not require you to be a member of any outrageously expensive and ineffective Realtor Association. They do not require you to pay for their special every expensive lock boxes with additional monthly fees. They answer the phone and respect the agents. I can’t say any of those things about the Colorado Springs MLS.
Anyway, here is the email I received from the Denver MLS this morning regarding the issue.
“We are disappointed to report that REcolorado and IRES have terminated merger negotiations.
I got a call from a client yesterday with a CPA wanting a 1099 reporting how much income she received from her property last year. I haven’t really reported that before because I just started the property management gig and I give them a profit and loss spreadsheet every year that explains the entire income and expenses. But maybe I’m supposed too?
So this morning I woke up and decided I better figure out how to get my hands on these 1099 forms so I can report someone else’s income. I called the library and they were closed 🙁 rumor has it sometimes they have at least 1040s but I’m not sure they have the 1099s I’m looking for anyway.
I then googled “free tax forms Denver” and found nothing. I googled “free tax forms” I googled “free tax forms near me” then I started reading the blogs about the fact that you can’t find free tax forms anywhere anymore and people are driving from city to city apparently in search of these snipes…I started to get nervous…. someone suggested that maybe the libraries are getting charged for the forms so they are no longer carrying them. I did find them for sale at Office Depot but I don’t need 40 forms for 20 bucks so in order to make a long story longer at least I found this link to free tax forms that will be mailed to you for free. If you click it will direct you to a page with a million and one forms on it from 2017 and 2018. You simply fill in the box with the number of forms you would like the IRS to mail to you. I don’t know why there are 1000 different forms to choose from, I always just picked 1099 miscellaneous because I figure it’s miscellaneous so it should cover all the bases.
Uncle Sam has not made it very easy to find this link probably by design or possibly incompetence but I finally found it so click on it!