What Advice do you have about "Caveat emptor"

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November 29 2010 - Cincinnati
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Profile picture for the_country_hick
Learn latin so you know it means "buyer beware".
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November 29 2010
"IF it's too good to be true.....it is!"


"Trust.....but verify"
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November 29 2010

Inspect.  In addition, work with a professional real estate agent and obtain estimates from licensed contractors (electricians, plumbers, roofers, etc) when necessary. 

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November 29 2010
Embrace it...
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November 29 2010
In today's market both buyer and seller beware.
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November 29 2010
Profile picture for Pasadenan
Buy an infrared camera, learn how to use it, and never trust a Realtor®.  Hire an agent that didn't take the NAR "code of ethics" oath as NAR talking points are complete lies and total propaganda, and no one at NAR has any clue what being ethical means.  (Sure there are some ethical Realtors®, but that is in spite of NAR, not because of NAR).
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November 29 2010
Profile picture for hpvanc
Verify all information, take double precautions verifying anything information from someone who works on commission that includes buyers agents.
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November 29 2010
Profile picture for brtlmj
"Buy an infrared camera, learn how to use it, and never trust a Realtor®."

How can an infrared camera help?
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November 29 2010
Profile picture for Pasadenan
Infrared cameras when properly used can tell you insulation levels, water leaks, moisture accumulation, pipe locations in walls, ceilings, and below floors, defects in electrical panels and electrical connections, problem wiring in junction boxes, outlets, light fixtures, air leakage at doors and windows, stud and joist spacing, defects on wood including bug infested and eaten wood or dry rot in wood...

No buyer can "beware" if they have no tools to see the conditions that most people call "hidden" thus are excluded from all professional inspections and reports.
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November 29 2010
Profile picture for Pasadenan
Also buy a Geiger Counter.
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November 30 2010
Profile picture for dacolan
Two words: Due diligence.
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November 30 2010
Profile picture for Pasadenan
People don't "do" Zillow Z-estimate; it is done automatically by the machines 3 times a week.  The 5 programmers work very hard to get the best least squared curve fit possible with the very limited county records data available.  And Zillow's statistician works very hard at choosing algorithms and statistical solutions to give meaningful data to those seeking it.

I've only seen one Realtor® posting on here that has equivalent math skills of Zillow's statistician and 5 programmers.
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November 30 2010
Profile picture for brtlmj
"Infrared cameras when properly used can tell you insulation levels..."

Ah, thermal imaging camera. Thanks!
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November 30 2010
Profile picture for Pasadenan
Yes, same thing, different name.

They used to be very expensive.  They still are expensive, but likely worth an investment if it will avoid major problems and help solve tricky maintenance problems.
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November 30 2010
 
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