Jacksonville FL Real Estate Update

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Don’t ignore red flags when evaluating a home’s pluses and minuses

With the large number of homes available on the market today, there is no reason to jump the gun on the wrong house. Learn all you can to make sure the home your buying doesn't have hidden defects that will end up costing you much more in the long run. When evaluating the advantages and drawbacks of a particular property, be sure you know the difference between acceptable and unacceptable problems.  

Some issues—peeling paint, worn carpeting, ugly wallpaper—are cosmetic and can be easily remedied. In fact, you can use these “problems” during negotiations to lower the asking price—after all, you’ll need to spend money to bring the house up to snuff. Make careful note of what you see that can be used to your advantage. Don’t nit-pick, however—if taken to extremes, you could end up alienating the seller and creating a hostile atmosphere. 

Other problems may be warnings to walk away. Major foundation cracks, evidence of previous water damage, signs of serious dry rot or termite damage, antiquated electrical systems or plumbing—any one of these may be cause to reconsider your interest. Don’t let a house’s positive attributes blind you to very real problems. If you do, the chances are good that you’ll end up spending much more money than you ever expected down the line.

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Timothy H. Fennell, P.A.
Susan A. Fennell, P.A.
Broker Associates / REALTORS
www.BestHomesInJacksonville.com

1 commentTim and Susan Fennell • July 21 2006 04:51PM

Comments

very useful information - Thanks for sharing.
Posted by Real Estate One Westrick over 4 years ago

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