Search

Shopping for Your Perfect Colorado Home? Watch Out for These Red Flags...


At Security First Financial, we know shopping for a new home is exciting, and we want to be sure you find one that you’ll love for years to come.


To help you in your house hunt, we’ve gathered some red flags to keep an eye out for while you shop for homes. Note that red flags aren’t always deal-breakers, but they could cause regrets down the road - so keep them in mind when you’re evaluating houses.


When looking at listings and photos

  • Remember that wide-angle shots can make rooms look bigger than they are.

  • If the listed price is surprisingly low, dig deeper.

  • Be wary of cropped photos that only show some of the room.

  • Ask for more photos if a listing talks about parts of the home or yard that aren’t shown in photos.

  • Keep an eye out for words that sugarcoat downsides (“charming” could be code for old, “cozy” for small; “up-and-coming neighborhood” might mean lots of construction, etc.).


When visiting in person

  • If lots of homes are for sale nearby, find out why.

  • Remember that homes with older plumbing or electric work could be very expensive down the road.

  • Strange smells could mean mold or serious water damage.

  • Random fresh paint could be hiding stains or other bigger problems.

  • Check for foundation issues (and have an inspector check again if you’re serious about the home).

  • Think twice about a home with an awkward layout - it might bother you much more long-term than it does on a quick house tour.


Good luck with your house hunt! You deserve a home you’ll enjoy for years. Keep these red flags in mind as you shop to avoid expensive and frustrating issues down the road.


We’re here to help you find a home you’ll love. Contact one of our local Loan Officers to explore your financing options.


Original blog post by Primary Residential Mortgage, Inc. https://www.primeres.com/about/blog/article/2020/07/06/shopping-for-a-home-watch-out-for-these-red-flags

56 views0 comments
  • Security First Financial Facebook
  • Security First Financial LinkedIn
  • Security First Financial YouTube
  • Security First Financial Instagram
  • Security First Financial Twitter

Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. Branch NMLS ID# 385589. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Colorado – Regulated by the Division of Real Estate, UCCC #987701-016. Arizona – Arizona Department of Financial Institutions 0902614. Massachusetts – Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Florida - Florida Office of Financial Regulation MLD646. Texas - This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. 

Your opinion is greatly appreciated, we thank you for visiting this website of Primary Residential Mortgage, Inc. If you have specific questions, comments, concerns, or complaints we invite you to contact us by the email shown here: ConsumerVoice@primeres.com. Emails received during business hours should receive a response within 48 hours, excluding weekends or holidays.

Primary Residential Mortgage, Inc. is licensed under the State of Texas and by state law is subject to regulatory oversight by the Texas Department of Banking through one of the means indicated below: In Person or U.S mail: 2601 North Lamar Boulevard, Suite 300, Austin, Texas 78705-4294, Telephone No. (877) 276-5554, Fax No: (512)475-1313 Email: consumer.complaints@dob.texas.gov Website: www.dob.texas.gov

Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential loan originator should complete and send a complaint form to the TX department of savings and mortgage lending, 2601 North Lamar Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery find must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

 

©2021 Security First Financial, A Division of Primary Residential Mortgage, Inc. All rights reserved.

Security First Financial Logo