Five Ways to Avoid Buying a Money Pit

  Looking to buy in the Flathead Valley? Get a full Home Search  Looking to sell in the Flathead Valley? Get a free Home Price Evaluation When you buy a home in Flathead Valley, you don’t want to end up getting trapped in a money pit. Here are five ways to avoid buying a home that will leave you with a headache and expensive repairs. 1. Get a thorough home inspection. Once you’ve found the perfect home, get a qualified home inspector to come in and take an in-depth walkthrough of your property. Talk with them at length about what is wrong with the home and what your options are. 2. Read the reports and disclosures. Take time to thoroughly examine the report you get from the inspector, and make sure you have all the necessary disclosures from the seller so you know everything you possibly can about the condition of the home. 3. Get multiple bids on repairs. If you end up coming to an agreement with the seller that you will make some of the repairs, make sure you get multiple bids on them.  4. Don’t get too overconfident. Be skeptical when buying. Don’t let little things get you down about a home, but make sure you’re not buying something that will be more trouble than it’s worth, either. 5. Prioritize price reductions and credits over seller repairs. If a seller reduces the price or gives you credit for repairs and it doesn’t affect your financing, don’t worry so much about having them fix everything. “ Be skeptical when buying. ” These are all great tips to remember, but the most important one to keep in mind is that you need a great home inspector. If you have any questions for us or would like a recommendation for an inspector, give us a call or send us an email. We can’t wait to hear from you!

An episode of the Flathead Valley Real Estate Podcast with Brett Kelly podcast, hosted by Brett Kelly, titled "Five Ways to Avoid Buying a Money Pit" was published on May 16, 2016.

May 16, 2016 · Flathead Valley Real Estate Podcast with Brett Kelly

Summary

  Looking to buy in the Flathead Valley? Get a full Home Search  Looking to sell in the Flathead Valley? Get a free Home Price Evaluation When you buy a home in Flathead Valley, you don’t want to end up getting trapped in a money pit. Here are five ways to avoid buying a home that will leave you with a headache and expensive repairs. 1. Get a thorough home inspection. Once you’ve found the perfect home, get a qualified home inspector to come in and take an in-depth walkthrough of your property. Talk with them at length about what is wrong with the home and what your options are. 2. Read the reports and disclosures. Take time to thoroughly examine the report you get from the inspector, and make sure you have all the necessary disclosures from the seller so you know everything you possibly can about the condition of the home. 3. Get multiple bids on repairs. If you end up coming to an agreement with the seller that you will make some of the repairs, make sure you get multiple bids on them.  4. Don’t get too overconfident. Be skeptical when buying. Don’t let little things get you down about a home, but make sure you’re not buying something that will be more trouble than it’s worth, either. 5. Prioritize price reductions and credits over seller repairs. If a seller reduces the price or gives you credit for repairs and it doesn’t affect your financing, don’t worry so much about having them fix everything. “ Be skeptical when buying. ” These are all great tips to remember, but the most important one to keep in mind is that you need a great home inspector. If you have any questions for us or would like a recommendation for an inspector, give us a call or send us an email. We can’t wait to hear from you!

Episode Description