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Navigating Real Estate Transactions


3 Dealbreakers to Understand When Buying a Home

When you begin shopping for a home to buy, you must know what you want in the house. Your realtor might suggest creating a list that contains the price, size, and features you hope to find in the house you buy. Knowing what you want is vital when buying a home, but it is also essential for you to know the dealbreakers. A dealbreaker is something about a house that would cause you not to buy it, and here are three categories of dealbreakers to know.

Neighborhood Issues

You might find a great home that you love, but you might decide not to buy it due to the issues you discover with the home's neighborhood or location. For example, suppose you visit the house and realize that it is on a road with a ton of traffic. The noise from the traffic might be too much for you, and the speed of the cars might be a safety concern if you have kids. As a result, the location of the home might be a dealbreaker. Another example of a neighborhood dealbreaker is poorly cared for homes in the community. If many homes are falling apart or if they have cluttered, unkempt yards, you might not want to live in this neighborhood.

Property Conditions

The second category of dealbreakers is property conditions. For example, you might find a house you like, but you might decide not to buy it because it needs too much work. If a home has significant issues that are hazardous or costly to fix, you might consider these things dealbreakers. Some examples of property condition dealbreakers include roof problems, water damage, and asbestos.

Layout and Size Problems

The third category of dealbreakers involves the house's features, such as layout and size. If a house does not offer the things you want and need, you should look for a different one. For example, if you want a 1,500 square foot house, you probably will want to pass on a 3,000 square foot home. The size would be too much for you, which means that the size is a dealbreaker. If a home does not have the type of layout you wanted to find, you might also view it as a dealbreaker.

You will likely spend more money on a house than anything else in life, which is why you must take your time when choosing one. Knowing what you want and the things that are dealbreakers can help you select the right property!

About Me

Discussing Real Estate Transactions

Hi there, my name is Francesska O’Conner. Welcome to my website about real estate transactions. The real estate transaction process is particularly difficult to navigate without some guidance. Although real estate agents try to offer this guidance to their clients, sometimes a little information is lost along the way. I created this site to help explain the real estate transaction process from start to finish. I will explore both sides of the transaction process for buyers and sellers. I hope you will feel inspired to visit often to learn everything there is to know about real estate transactions. Thank you for coming by.

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