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6 Common Housing Problems that Spook Buyers
Potential home buyers
with lots of homes to choose from can be easily spooked by disclosures and
the results of property inspections — even when the shortcomings are typical
for homes of a certain age.
In a jittery market such
as this one, it’s critical to give buyers tools and knowledge so they can
decide which problems are serious.
Judi Seip, an associate
with Coldwell Banker in Southern California, tells her clients
to accompany the inspector so they can put the problems in perspective.
Anything a handyman or an electrician could fix in a few hours isn’t worth
worrying about, she says.
Here are six common
issues that trouble buyers and some factors to weigh:
1. Water damage.
Evidence of water damage frightens buyers, but all water damage isn’t
serious. Minor leaks generally cost no more than a few hundred to repair.
Get an estimate.
2. Missing permits.
Ask the home
inspector if the work was done well and meets code requirements, even though
a permit wasn’t issued.
3. Code violations.
How expensive
is the repair? Ungrounded electrical outlets are common in old houses and
easily fixed.
4. Cracks in the
garage floor.
Ask the inspector
whether these cracks suggest other related problems. Generally these don’t
affect the structure of a home.
5. Termites.
Termites and termite
damage are very common in many parts of the country. It’s important to get
rid of them and to get a clear sense of how bad the damage is.
6. Foundation cracks
and other foundation issues.
Older homes often have
cracks in the foundation. Get an expert to inspect the problem and estimate
— what if anything — needs to be done.
Source: The Mercury
News, Margaret Steen
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