A lot of people looking for a new home rely on real estate listings to narrow down their choices. While most real estate agents post honest and realistic descriptions, there are some who might exaggerate the property's best features. Here's a quick rundown of red flag listings to watch out for.
5 Indicators of Exaggerated Real Estate Listings
1. Words Like ‘Quaint’ or ‘Charming’
People love to hide behind certain words. “Quaint” or “charming” can translate to an outlandish home design. “Cozy” usually means really small, while a home that needs “TLC” requires a major renovation.
2. Phrases like “Not Open to Inspection” or “As Is”
This is one of the biggest red flags in real estate listings as it suggests the buyer should accept the property and whatever problems that come with it as their own. The fact that it's not open to inspection means you won't know what's wrong with the house until you've bought it.
3. Photos With Obscured Windows
Some people will use photos with window treatments that are closed, or the view out has been obscured. These photos hint that the view outside is not as enticing or the home's interior is darker than expected.
4. More Images on the Location Than the Property
Be wary if you see more photos of the location than the house itself. It could be that the area around the property is nicer to look at than the listed one. Likewise, a home listing without images often means there's something wrong with it.
5. Surprisingly Low Asking Price
If a listing seems too good to be true, it probably is. Beware of extremely low asking prices. Some sellers use this tactic when the property they’re offering requires major repairs, or they want to initiate a bidding war among prospective buyers.
Avoid getting duped by underhanded sellers. Allow the professionals at Lawrence Realty in Red Wing, MN, help you make sense of real estate listings and find the home you really want. The family-owned business has helped numerous clients buy a home or sell a property faster and with less hassle than they could on their own. And, if you’re interested in land for sale or an investment property, they’ve got you covered. Check out their website to view their available properties or call (651) 388-4745 to speak to a real estate agent.