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The Top 5 Red Flags to Look for When Buying a Home

Not every property is as perfect as it seems. Before you commit to buying a home, look out for these common red flags that could signal potential problems.

The Top 5 Red Flags to Look for When Buying a Home

Not every property is as perfect as it seems. Before you commit to buying a home, look out for these common red flags that could signal potential problems.

  1. High Days on Market (DOM): If the property has been listed for a long time, there may be something wrong with it. It’s worth investigating why it hasn't sold yet.
  2. Overpriced Compared to Similar Homes: If the asking price is significantly higher than similar properties in the area, it’s a red flag. Don't be afraid to ask why it's priced that way.
  3. Inconsistent Property History: If the property has changed owners multiple times in a short period, there may be hidden issues or it may be an investment property that didn’t turn out as expected.
  4. Poor Maintenance and Repairs: Look for signs of neglect, such as peeling paint, visible mould, or broken fixtures. These can signal bigger, more costly repairs down the line.
  5. No Room for Negotiation: If the seller refuses to budge on price or terms, it may be a sign they’re overvaluing the property or trying to hide something.

Don’t let hidden issues cost you thousands.

Scott Aggett is Australia's #1 expert property negotiator.

Book a consultation with Scott today to see how an expert negotiator can help you spot potential problems and avoid costly mistakes.