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How To Know You’re About To Buy The Wrong House 

Joseph O'Brien by Joseph O'Brien
May 2, 2022
in Property Valuation
0
How To Know You’re About To Buy The Wrong House 
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When you are looking for a house to buy, you need to remember something; there is no such thing as the perfect house, but there is the right house for you. Somewhere in the pages and pages of properties for sale, there will be a house that matches what you want – and what everyone else wants who might be moving with you. This is why it’s so important to be patient and ensure you are entirely happy with any property you are considering buying, especially when so much money is at stake. With that in mind, here are some of the signs that will tell you you’re about to buy the wrong house. If you spot any of them, take a step back and think before it’s too late. 

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  • You’re Forcing The Numbers To Work
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You’re Forcing The Numbers To Work

The one thing you must have in place before you start looking at potential properties is your budget (and, ideally, a mortgage offer). Knowing how much you can spend and ensuring you only look at properties that fit within that amount will save a lot of disappointment and heartbreak. You wouldn’t enjoy finding what seems to be the perfect house only to discover that it’s many thousands (or even hundreds of thousands) of dollars over your budget. 

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If you’re forcing the numbers to work for a property, that’s even worse. Stretching your budget to its breaking point is a dangerous thing to do, especially when you need to consider running costs on top of the mortgage payments. What would happen if interest rates changed? Would you still be able to afford the repayments? If you have to force the numbers, that’s not the right house for you. Even if you love it, you won’t love it so much when you’re struggling to pay for it. 

It Has Sold Many Times 

Some houses stay with one owner for decades, only selling because that owner has died or moved into care. Others seem to sell every two or three years. Although there is no guarantee that a house that hardly ever goes on the market is better, the fact is that if the house you’re interested in has a high turnover rate, there must be a reason for it, and it’s worth investigating further. 

It could be noisy neighbors. It could be a bad realtor, in which case you might need the assistance of Segal Commercial as an expert witness in Los Angeles. It could be structural issues or an ongoing dispute or anything at all. When you investigate, you’ll be able to determine what the issue is and whether it would be a problem for you. If you can’t find out what it is, then perhaps look elsewhere, as you don’t want to make a mistake. 

The House Isn’t Right For Everyone 

If you’re moving by yourself, then you’re the only one you need to consider when it comes to the property you move to. However, if you’re moving with your family, you’ll need to ensure the house is right for everyone and meets all their needs. If it only works for some members of the family and others will be uncomfortable or unable to do the things they love (for example, if the property doesn’t have a backyard and one family member loves gardening), then it’s not the right property. 

Any house you move to has to suit everyone, and although comprises might be needed, that shouldn’t be one person’s sole responsibility. 

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