NEVER Buy These Types of Houses

Searching for a home is daunting, and when you come across one that checks the boxes, people will turn the other way when red flags pop up. This is the largest investment you will ever make in your lifetime. So I want to tell you the type of home never to buy so you don’t make a huge financial mistake.

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Jacqueline "Jackie" Baker
NJ License 1541448
Coldwell Banker Realty
Allendale/Saddle River

#realestate #jackiebakerrealtor #jackiebakersellsnj #homebuyingtips #homesellingtips #realestateinvesting

[jsd]

I bought a house that had 2 cat door exits. When I looked into replacing the doors I found out you couldn’t just buy a door, you needed to replace the whole incasement. High cost! I solved the problem by just getting a cat.

[billygraham]

Never buy an HOA controlled home — never buy a condo. Don’t buy a manufactured home to be installed in a rental park — only install on your own land.

[sarawilliam]

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[chipfornaris]

I’m a home inspector and you are spot on with everything. The only thing that is also worth mentioning is never ever, ever buy a house without a home inspection. What I have seen, especially on new construction is simply mind blowing. What people try and hide is unbelievable.

[drakonismo]

Replumbing and rewiring an old home is nothing compared to the headaches from buying a poorly built new home, workmanship has gone down the drain

[louisebaker]

I live in a century old home. I agree about the potential problems. However, my roof is slate, my floors are quarter sawn oak and my trees are 90 plus feet tall. Like everything else in life, it's a trade off.

[Greggsberdard]

Housing prices likely won’t drop significantly until supply increases. The U.S. is short millions of housing units and isn’t building fast enough. Demand remains high, and even a small dip in prices attracts many buyers. I’m looking to buy affordable houses in 2024 and maybe invest in stocks. When’s the best time to invest in stocks? Some say it’s profitable, but others warn it’s risky. Any advice?

[emmamcphersonofficial]

Me and my husband nearly bought a cute little house in a flood zone when we first got married. It was a foreclosure and was about 1/3 the price of similar houses in the area. We passed bc I was SO AFRAID of it being in a 100 year flood plain. The next year that entire area for MILES all around was under 2-5 feet of water.
We DODGED a bullet.

[jinron]

You don't mention new construction homes, I've seen many recently constructed homes with bad foundations and structural issues. New homes are mostly garbage stick structures that in 5 years the problems will start to show.

[marrlena]

My home is about 500 years old! I bought in a medieval town in Spain. It needed almost no work. Everything works fine even though it's very old. I've been here 4 years now.

[Barbarra]

My brother was a realtor in 3 states and while he lost some commissions because he was honest about the homes he listed he slept very well at night. Glad I found your channel.

[Riggsnic_co]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[annmariez]

For those who want an old house, be aware of the work that needs to be done. I simply adore my 100 year old house. We purchased our it knowing it needed certain updates. It's not a for everyone. My sister built a new house with a reputable builder and her brand new house has more issues than my oldie.

[livingreflection]

Never buy a home without paying for a good home inspection. That's all you need to know.

[MariTr]

Friends bought a house in the country off a fairly busy main road . They noticed a little sandwich shop/tavern and a few other small businesses on that main road nearby but they all seemed innocent enough … by day! At night the tavern turned into a loud saloon with cars and bikes whipping out of the parking lot, whizzing by their driveway way past midnight…. They warned us to check a potential neighborhood at night and see if it still lives up to your expectations

[pennsylvaniapatti]

I live in my 124 year old home i bought years ago. Id rather buy an old home than a new home that you have to replace everything within 10 years of owning it.

[tdd]

I'm an agent.
I live in a 160 year farmhouse. This is my suggestion to everyone. Do what we did: send two inspectors through before you close. We knew exactly what we would be spending over the next ten years.

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Flood zones. 100% agree. Personally, I really wish flood zones were off-limit to development. Even the 500 year zones.

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Advice I always give. Always ALWAYS, during your house search, get into that crawlspace, attic, and basement with a really good flashlight. Always. BEFORE you go under contract. Eliminate the obviously problematic houses before you commit money.

[SL-ehhp]

Great advice, esp the recently sold/remodeled. We often see the "graywash syndrome, " with grey plastic fake wood floors, cheap kitchen and bathroom remodels, white spray-painted everything. We look for 1960's brick ranches that have been owned by original owners and never remodeled. Just bought one this year and we love it.

[Nancy-eqjt]

My husband and I bought a fixer upper. Great land, great location. He was handy. He injured himself and later passed away. Left me with a lot of unfinished projects. Make sure whatever you buy, it's manageable. Long driveway, more to shovel, land, more to mow etc.. etc.

[phyllisgodwin]

I had to sell my mother’s house. It was in bad shape, and it had a reverse mortgage. I just had to get out from under it, so I sold it to a house flipper. First, they changed the den to a 4th bedroom. They painted over all the wood paneling, the cabinets and doors. They also painted over all the mold. They tore up some of the driveway and sidewalk that had bad cracks, but the back porch had a huge crack that they didn’t fix, and the porch fills with water. The plumbing is also totally messed up since my parents bought it in the 70’s. They purchased for 140, 000 and sold it for 215, 000. All they did was “put lipstick on a pig”. Paint and some new fixtures covered up soooo much! Be careful of house flippers!