Touring and looking at homes can be one of the most exciting steps in the homebuying process. However, it can be easy to get carried away in the excitement and easily overlook details that could become an issue down the road. Whether it’s the location, a too good to be true listing price, or a red flag with the home’s condition — you’ll want to do your due diligence before making an offer on a home. To help you avoid missing what could be a possible issue or large expenditure in the near future, keep these 10 potential red flags
BURLEIGH Waters, Miami, Mermaid Waters and Sanctuary Cove are among Gold Coast suburbs where homebuyers are bulldozing rundown dwellings in favour of flash new builds.
A “knockdown rebuild” is often more cost effective than a complicated and lengthy renovation, according to Porter Davis Homes consultant Allyson Lente.
“Knockdown rebuilds allow you to keep equity in your land without having to pay stamp duty or other associated selling costs,” she said.
“We see a number of current residents in these areas looking to upgrade on
54% of Redfin offers faced competition as the supply of homes for sale and mortgage rates continued to fall in June. Single-family homes and townhouses were much more likely than condos to receive multiple bids.
More than half of Redfin offers for homes faced competition in June for the second month in a row. Nationwide, 53.7% of Redfin offers faced bidding wars last month, up from a revised rate of 51.8% in May and 44.4% in April*.
An offer is considered part of a bidding war if a Redfin agent reported that it received at least one competing bid.
Determined vendors who quickly converted scheduled auctions to online platforms were rewarded with strong sales yesterday.
Former Country Fire Authority firefighter, author and mental health advocate John Payne and his wife Kerryn were among those who saw big returns for pushing ahead.
The couple successfully sold 1 Crawley Court in Craigieburn for $537,000, which was $37,000 above their reserve.
If you grew up within the city or town limits, you probably lived in a home serviced by the municipal sewage department and may be hesitant about buying a house with a septic tank. Did you know that one in five homes in the United States rely on a septic tank? So, whether you’re looking to buy a home in Philadelphia, PA or you’re moving to Atlanta, GA, this is something you’ll likely come across while house hunting. Understanding what a septic tank is, how it works, and its pros and cons can help take the mystery out