Transcript from Internet Real Estate Radio Interview with Guest Broker/Agent/Owner Debbie Warford with Home Solutions Realty
Debbie, Thanks for Joining us today, you have been a guest on several radio shows talking about real estate projects and the market and many other topics but today you wanted to talk about how your experience can help buyers avoid buying a home that may have many repairs that Inspectors just don’t find. Tell me what you have experienced.
Thanks Steve for having me on your show again, I love real estate and love talking to people about homes.
Debbie I know that you have rehabbed many homes and own multiple properties.
I have bought, rehabbed and resold 53 homes. I have purchased 30 rental homes and rehabbed and rented. I currently have 9 rental homes
Most buyers are concerned about buying “a Lemon” for a home, then what you are telling buyers is that you need an experienced agent to assist in finding a home.
Yes, I have viewed thousands of homes, I know the signs of foundation or roof rafter issues or mold or termite issues.
Debbie, let me stop you there, the buyers are going to get a home inspection, after they are under contract, won’t the inspectors find these issues.
Yes, they will but if they suspect that there is foundation issue, they will only say in the report that they recommend a foundation company be called.
Steve here is the point, first if your agent hasn’t been in the business, I have been in real estate as a Broker/Agent for 20 years working right here in the Dallas Area. Bought my first investment property in the early nineties.
If I walk into a home with a buyer and walk through the home and walk all around the exterior of every home looking for foundation movement cracks and I walk into a particular home and tell them, this home has foundation issues, I suspect that its not severe but it will have to be addressed. The buyer can make a determination of they want move on to the next home or not. If your viewing homes with a none experienced agent and nothing is said at that time, if that is the home the buyers end up liking, then time is spent signing contracts making and offer and negotiating the offer, getting home the home under contract, earnest money checks and option checks delivered. Money is lost for an Inspection to be completed, to tell us the same thing about the foundation that I told them the day we were visiting. The foundation company comes out and says there is going to be 10 piers needs at 12,000. Seller says I am not going to fix anything. So buyer has to opt out of the contract and start looking at homes again. If the seller says he will split the bill, $6,000 at closing now you the buyer after closing must come up with $6,000 more dollars just after paying downpayment money on your new home. I won’t keep going but there is a lot more scenarios that could happen for lots more issues with home and some of the worst of those is that the lender won’t lend you the money after finding out that you have this issue of mold, roof, septic, plumbing, foundation.
So Steve you can see why I cringe when I see some agents showing homes to buyers especially homes older than the year 2000. However new home construction comes with its own set of problems, like trusses and rafters. You must have knowledgeable experience to help a buyer, not make mistakes and minimize issues after they move into a home.
Debbie, thank you so much for coming on the show today, that is all the time we have for todays episode but buyers I hope that you have a better understanding of buying homes. If you are in the Dallas TX market for a home, I think you now understand why you need to call Debbie Warford, Home Solutions Realty, If I am a Buyer I want her on my Team. Contact Debbie at 214-636-7138