09 Jul First-Time Home Buyer? Don’t Miss These Tax Breaks
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Home buyers often come to rely on excellent real estate agents to guide them in their home purchase. You should know there are some things that your realtor can’t tell you.
Sometimes it’s because they don’t know, and sometimes it’s because they can’t due to confidentiality. Here are some examples of things your realtor can’t tell you.
1. The Neighbor is a Nudist
Okay, they may not be nudists per se, but your new neighbors may have certain proclivities that can make it hard for you to live next door.
- Maybe their teenage son has a garage band that practices every Saturday afternoon.
- Maybe the dad has a home carpentry business and power tools are droning every day.
Whatever they are, your neighbor’s hobbies and habits can dramatically affect your quality of life, and your realtor has no way of knowing ahead of time.
2. The Avenue is a Shortcut
This is something your realtor may not pick up on, but you can certainly discern it by studying a map.
If you’re the type of person to just drive in your garage and live in the back part of your house, you may not care if lines of cars are speeding down your avenue to gain some time on their daily work commutes.
But if you have pets or small children who may be wandering around the front yard, you might want to keep looking for your dream home.
3. The Sellers are Desperate
There are certain things that may be disclosed between two realtors; one who represents the buyer, and one who represents the seller.
Some of those things are not permitted to be disclosed to the buyer or seller.
Your realtor may hint that the sellers are flexible or willing to negotiate, but if they know something they were told in confidence, they legally can’t share it with you.
4. A Sinkhole is Forming in the Backyard
Realtors are there to guide you through the process of buying and selling land.
They don’t have specific information relating to the topical or geological condition of the land itself. If you’re an avid gardener and need to know if the earth is fertile, your realtor will probably allow you to take a small sample to test.
If you’re worried about sinkholes, or you are buying in an area where sinkholes are common, such as Florida, you will be likely allowed to hire a geotechnical engineer to survey the ground for problems, but it will be an added expense.
5. The Furnace Is On Its Last Legs
Again, don’t bother asking your realtor for their opinion about the condition of the furnace or anything else along those lines. They’ll be able to give you a personal opinion, but not a professional one.
For that information, consult the home inspection report, which will be available to you free of charge, courtesy of the home sellers.
If you have questions regarding details in the report, you’ll even be able to submit your question in writing and receive an answer.