It's not your real estate agent's job to pick the house you will buy; however, it is prudent for your agent to point out any unchangeable adverse features the home may have. These are features that may cause it to appeal to less buyers resulting in the home taking longer than average to sell, and conditions that will cause the home to sell for less than similar properties.
If the home has any adverse conditions that you can't change, and you still want to buy the home, then your agent should caution you about the effect they may have when it's time for you to sell. That doesn't mean you shouldn't buy the home. If you love it, then buy it. Your goal should be to buy it at below market value, knowing that you will be selling it at below market when that time comes.
When our past clients call and ask us to sell the house we helped them buy, we don’t want them to be surprised by the fact that their home has an adverse condition that will cause it to sell for less money and take more time. We want them to be fully informed.
So what are some of the possible 'adverse conditions' we're referring to?
All serious home buyers should already know about closing costs, the cash needed to finalize a home purchase. Usually totaling between 2% and 5% of the purchase price, this money covers a variety of expenses, including the title, lender, and appraisal fees, that are required to sell a home. As part of your financial preparation for buying a home, you probably budgeted for these official closing costs; however, there are several additional expenditures which are commonly overlooked by otherwise well-prepared home buyers. Keep reading to learn about these forgotten costs so that they don't end up busting your budget!
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Once you find a house that checks all your boxes at the right price, it's easy to turn a blind eye to any flaws. However, buyers should be careful not to overlook issues that could potentially be a source of regret down the road. Although nitpicking is never helpful, here are a few major problems that are often overlooked in the mad rush to close the deal.
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21 and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. H.S.V. Realty, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.