(Part II of a three-part post)
You can’t determine the condition or surroundings of a property by looking at pictures.
- Has it had water damage?
- Is it in a flood zone?
- Has it been remediated for mold?
- Is it under the airport flight pattern?
- Is it next to high-tension electrical lines?
- Is it next door to land planned for an industrial park?
Most MLS listings are embellished to varying degrees because no listing agent wants to mention a negative in their listing.
Think about it ~ when have you ever seen a listing that mentions the fragrant cat pee in the carpets or includes a photo of the neighbor’s truck sitting on concrete blocks under a blue plastic tarp?
You can’t get a “feel” for the property without knowing the facts of the neighborhood.
- How many rentals are there?
- Is the area plagued with distress sales?
- How well are neighboring properties maintained?
- Does the HOA have ample cash reserves?
Most importantly, you can’t see what I can see in MLS when you’re looking at homes on the internet because agent remarks are not visible to the public.
Those agent remarks often reveal details that help me determine if a specific property might be appropriate for you.
(continued tomorrow)Buyer Stuff Print This Post