Money Pit Houses to Avoid at All Costs When Buying a Home

Finding out your new home is a money pit is every homebuyer’s worst nightmare. Unlike cars, or electronics, there is really nothing you can do if you find out the home you purchased is a lemon, according to the Local Records Office in Bellflower, CA. Here are some important steps every buyer should keep in mind to ensure their next home doesn’t turn out to be a money pit.

1. Avoid Homes That Don’t Pass Home Inspection

While you can rely on your agent, your broker, and your lender to handle a lot of the grunt work that comes with buying a new home, you should make an effort to be present for any home inspections or appraisals. If you are there in person, the inspector can physically walk you through any items they think require repairs, and offer their professional opinion regarding the magnitude and seriousness of these repairs.

Also, being present at the inspection affords you the opportunity to ask the home inspector about the estimated cost or effort any recommended repairs will require, and whether or not the issues uncovered pose any danger to your safety.

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