"Cracked walls or foundation, strong odors, and roofing issues are red flags buyers most commonly overlook, according to Redfin agents."
"Waiving contingencies and putting down an all-cash offer can make your offer more competitive, but they also come with added risk and may not be right for every buyer."
"Most new homeowners spend between $1,000-$5,000 on maintenance equipment alone in the first year, and far more on preventable problems."
The spring housing market is typically busy, but recent years have seen a slowdown due to high prices and economic uncertainty. Homebuyers are advised to be vigilant for red flags during home tours, such as structural issues and odors. Competitive offers may require waiving contingencies and making all-cash offers, but these come with risks. New homeowners should budget for maintenance costs, which can range from $1,000 to $5,000 in the first year, to avoid preventable expenses.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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