Just like buyers can on the lookout for signs that a home isn’t all it’s promised to be, sellers should also know and be able to recognize the different signs that can show that an offer just isn’t worth the trouble it could bring. Accepting a bad offer can cause a homeowner to lose money, not move on time, or even worse, so it’s important to recognize the signs. Here are some of the most common red flags that sellers need to know and why they should raise flags when they show up.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
1. Small Earnest Money Offer
When a buyer makes an offer on a home, they also include what is known as an earnest money
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It is all too easy to get wrapped up in the idea of buying an Upper Mount Royal home. Unfortunately, in the excitement buyers can ignore signs of one or more potential issues that may raise their heads down the road. This can be of particular importance to those new owners who may already be maxing out their budget with a purchase, and may not have the extra funds to address issues occurring right after becoming a homeowner. Use the following suggestions to know when to make an offer and when it is best to move on.
Many homes, particularly those in rural areas, still use septic systems to treat wastewater from the home. It's important to know the difference - especially if a home buyer is considering purchasing a home with a septic system. A septic system is a self-contained wastewater treatment system that uses microbes to break down material. Septic systems consist of four main components: