The current market has forced many buyers into situations that they feel less than comfortable with for the sake of getting their dream home. With such a competitive market, many homes are selling fast causing bidding wars, waiving financial and inspection contingencies, and decision times have been reduced to just hours. With all this pressure, it’s never been more important to have a real estate agent that’s experienced and can guide you through when to say yes to these new market demands and what red flags that may exist. Here are just a few red flags when touring a home that I keep an eye on for my clients.

1. Cracks in the foundation

Never be shy about taking the time to inspect the foundation yourself while touring the home. Looking for bulging in the walls, moisture in the foundation, cracks and even the grading of the yard towards the house can all be red flags that the foundation may need work.

2. Everyone is selling

Lots of “for sale” signs in the new neighborhood? This could be a sign that there’s a reason people are moving like rising crime rates, a decline in school district performance or a proposed changed to the neighborhood. Regardless, if you see lots of house for sale it’s a good idea to do your research or talk to a potential new neighbor and find out if there’s a reason.

3. Moisture in the basement

Do you see signs of mold or mildew? If it feels damp, there’s a reason and it’s important to try to figure out what that reason is before buying a home. Looking for signs of a previous flood and water damage can help to better understand what you’re getting into.

4. Major updates are aging

Windows, roofs, foundation. If these items are aging and something that’s going to need attention or replacement in the next few years it may be worth a serious analysis of your budget to make sure the home is a good long-term fit.

5. For sale by owner

Many try to save a few bucks by selling their home by themselves which can lead to a less than smooth transaction and potential problems. Buying a home is complex, and if the seller does not have an agent you could end up with a house that has serious problems with either the structure or the deed.

6. Fresh paint everywhere

Is the house newly painted? Although that’s typically a good thing, keeping an eye out for strategic paint that covering any hidden damage is always good to look for. Keep an eye out!

7. Sitting water in the yard

Sitting water can be a sign of grading or drainage issues. Depending on close this is to the home and how big the yard is, you may want to keep an eye out

With an experienced and trustworthy agent many of these issues would be flagged by me and brought your attention. When buying a home there are always pros and cons to weigh, but with over 20 years of experience I’m here as a resource and to help guide you to make the decision that’s right for you.

7 red flags to spot when buying a home