--TIP#9 DON'T IGNORE RED FLAGS WHEN EVALUATING A HOME'S PLUSES AND MINUSES.When evaluating the advantages and the drawbacks of a particular property, be sure you know the difference between acceptable and unacceptable problems.
Some issues ----peeling paint, worn carpeting, ugly wallpaper---are cosmetic and can be easily remedied. In fact you can use these problems during negotiations to lower the asking price. After all you need to spend money to bring the house up to snuff. Make a careful note of what you see and can be used to your advantage. Don't nit-pic, however. If taken to extrems, you could end up alienating the seller and creating a hostile atmosphere.
-Other problems may be warnings to walk away. Major foundation cracks, evidence of previous water damage, signs of serious dry rot or termite damage, antiquated electrical syatems or plumbing, any of these may be cause to reconsider your interest.
Don't let a house's positive attributes blind you to very real problems, If you do, the chances are good that you will end up spending much more money than you ever expected down the line.
Bryan VogtStrano & Associates, Realtors® - GMAC Real Estate
(618) 355-5824
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# posted by
Bryan Vogt @ 4:16 PM