If you are looking for a house to buy, it is very easy for you to fall in love with every house you see in the market. If you are a real estate agent, you must keep looking for certain red flags in every house no matter how lovely the home buyer thinks a property is.
As a real estate agent, it is your duty to detect any red flags and problems with the house your client is looking to buy, and warn them about the potential problems which can arise if they invest in that property on Indian Beach.
See If There Are Any Psychological Stigma Related to The Property
One of the biggest red flags you should always look out for is that the house should not be associated with a psychological stigma like that or any violent act. That is because these types of stigmas can hugely impact the value of your property in the future.
So, always look for a property which is not associated with any psychological stigma.
Sudden Price Drops
Another red flag you should always look out for is sudden price drops. That is because no one will want to suddenly decrease the price of their property to an unjustifiable extent.
So, if the seller has suddenly dropped the price by 20 or let’s say $30,000, you should be skeptical about the property, and should do due diligence to confirm whether there is anything wrong with the property or not.
Improper or No Inspection
As a real estate agent, you should always advise your homebuyers to get proper and professional inspection before investing in any property. That is because professional inspections can point out hidden issues in properties which might not be detectable with the naked eye.