NEVER Buy These Types of Houses...EVER

I did a video 6 months ago telling you what type of houses you should never buy. I had to make another one to share more types of homes you shouldn’t buy. And before you come at me saying I’m telling people just to never buy any type of house and that I’m the worst real estate agent in the entire planet, let me explain the purpose of these videos. These are to educate homebuyers about the negatives certain houses can have. And those negatives can lead to costly problems that you don’t want to be stuck with. So if you disagree with me about this list, that is fine. And if you need to buy a house that I mention on this list, just do your homework and research. It will pay you back in returns that will save you money.

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

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

[MargaretWest-mu]

The challenge is that whether you rent or own, there are unavoidable costs associated with maintaining a permanent residence—property taxes, insurance, and utilities like electricity, gas, and water. In places like California, where I currently live, the high cost of living has pushed many people to opt for alternatives. It’s not uncommon to see individuals living in tents to avoid property-related expenses, and the number of people I encounter who reside in their cars is truly surprising. It’s a sign of how extreme the situation has become.

[nikkinichols]

That’s my favorite part about your channel! You don’t sugar coat, you tell us the honest truth, the things that some Real Estate agents leave out or make it seem like it’s not a big deal. You’re real about things. I for one appreciate the info your provide!

[ClarkeGriffiny]

In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

[DR]

The agents who come after you (I've seen some comments) think we are stupid. We come here to do research and then make up our own minds if we want to take your advice or not. It's a good way to make an informed decision.

[immafaint]

My parents bought a corner house right next to a high school.
Growing up, we didn’t mind the noise.

But… They’d cut across the lawn, sit on the brick wall between our home and the neighbor’s, and left tons of garbage everywhere.

They stole our big, beautiful birdbath and our 15ft flagpole.

One day at lunch there were 2 cars pulled up over the curb, onto the sidewalk, windows down, music blaring, and a bunch of kids dancing on our lawn.
Things to think about….

Edited for clarity.

[karenjensen]

My son Bought a 1920s craftsman in 2021 with massive FOMO and no inspection. 😅 he is slowly renovating it. I thought the location was too far out of town, but that turned out to be a blessing. So peaceful and tranquil. He decided to keep it, hit a higher paying job, and is doing one project at a time.

[memert]

need to mention fire department with the horns going off. while looking at a second home, the alarms went off! omg, couldn't hear anything anyone was saying while standing outside. thanks for your videos

[jackieu]

Jackie is so right about schools. Growing up, I remember seeing all the smokers hanging out on a specific street corner...calling it "Smoker's corner", of course. That poor house that was there. Those kids littered their butts everywhere, and trampled a patch across the corner of their lawn, killing the grass. And that's probably the least of what that home had to put up with. I myself bought a condo across the street from a Grade 1-3 school. Every school morning, I got to listen to "O Canada". I heard all the recess bells, I heard a lot more than that, too, but yes, the school intercom system blasted outside as well. So as for not buying a home near a transmission line. Opps, lol, that's me. I JUST bought a home with one of those in my back yard. I loved everything about the home except for that tower in the back, but it was the only negative. I liked the house enough I bought it anyway. I be a hypocrite, being a Power Engineer and working with the turbo-gen sets that make the power, to NOT buy a home with a power line? Lol. I've been working around those high-powered cables for over 20 not dead yet. I do hear a "hum" from the tower, but the previous owners installed a nice water feature, and when I turn it on, I don't hear the hum anymore. I am happy with the home, but Jackie is know the tower in the back will turn off some people.

[JeanClaudeOligario]

Great list. Thank you. Ignore the negative comments, I appreciate the insights from someone in the business. I'd also add to your list: property on a golf course. I lived through numerous balls on my balcony, obnoxious golfers shouting at ungodly hours on a weekend, and lack of privacy.

[maxpowers]

Why dont you make a video on the types of homes we should look for!
Some tips on good signs

[carenjohannes]

Agree wholeheartedly with your opinion on old homes being really, really expensive to own and maintain.

[sherylsmith]

I love the honesty you get. It’s someone’s choice whether or not they want to go through with a sale of a property but you tell it like it is and I appreciate that honesty. I’d rather someone just give me the bad along with the good and I’ll make my own decisions.

[DELLRS]

I had a coworker who lived next to a power line. Both her and her husband developed cancer before age 50! Cancer does not run in neither persons family

[luvzdogz]

IMO, an old roof is not a deal breaker. Our current house had an old roof when we bought. BUT...we KNEW this and negotiated the cost of roof replacement into our offer (and final purchase price). And, we had it replaced shortly after moving in. At the time, getting insurance wasn't a problem when we closed and we were able to get a wind mitigation discount on our policy after the new roof was installed. Like most things, as long as you go into it with full disclosure and information, that's the key.
TOTALLY agree with you about power lines! They also can/do weird things to cell phone service.

[JeffKantin]

I also would not buy a property next to any body of water...rivers and lakes flood as well, around here (upper midwest) you also get large ice sheets that can cause damage during the spring thaw (or thawing/refreezing during winter), and the properties are always priced way above average. Around here people are selling 600 sq ft shacks for $200-300k just because they are next to a lake/river.

[jonathanc.gillespie]

Thank you for having integrity in a field rife with crooks.

[bigcahuna]

Thanks for the sound advice Jackie! We trust your guidance so we're not left with regrets on our real estate purchases.

[krapug]

We owned and lived on Elfreth's Alley on Philly back in the 1990's. It was interesting to live on a historic street, the deed restrictions were not bad, and we did not have to open for tours during their Open House days during June and December. That said it got old fast to live on a tourist street, and you had to screen contractors carefully to ensure that had experience working on very old houses, ours was built in the early 1800's.

[sarahcarder]

The power lines near a friends house always made this noticeable buzzing sound. Not comforting lol.

[shellbell]

I agree with historical homes. I know someone who owns one and she needs approvals for doing things to her house and has to use certain materials so it’s more expensive to renovate. As far as beach front property, the prices are so crazy that usually only the very wealthy can afford them so they are probably not to worried about the expenses and they are usually second homes so when a hurricane hits they have a backup