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Over the past two years, houses nationwide were going like hotcakes, with sellers often receiving tens or even<br>
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Andre Stewart https://www.theepochtimes.com/experts-warn-homebuyers-of-red-flags-beyond-climbing-interest-rates_4770264.html?welcomeuser=2
Experts Warn Homebuyers of Red Flags Beyond Climbing Interest Rates Over the past two years, houses nationwide were going like hotcakes, with sellers often receiving tens or even hundreds of thousands of dollars over the asking price. Buyers often waived inspections and picked up some of the sellers’ costs in dire hopes of securing that coveted single-family home.
A six-bedroom, three-bath single-family home in Tampa, Fla., listed for $600,000. (Courtesy of InvestFar, Los Angeles, Calif.)
During the pandemic, a lot of people were buying properties sight unseen, and they were skipping inspections,” he said. “Getting a home inspection is extremely important—even with brand-new housing developments.”
There have been situations where people have purchased a home thinking the garage door would be arriving after they moved in, but it was never finished,” he said. “It’s worth the money to get the inspection so homeowners can have a full punch list of items to be completed before they close on the property. Even luxury homes can harbor hidden problems, he added, such as mold.
A home in New York with a misaligned gutter. (Courtesy of Mark’s Inspections, New York)