NEVER Buy These Types of Houses!

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NEVER Buy These Types of Houses!

Рет қаралды 157,141

Күн бұрын

Avoid Buying These House Types! Never Make This Huge Financial Mistake! If you are looking for the perfect home can be overwhelming, and it's easy to overlook warning signs when you find one that seems to meet all your criteria. But remember, buying a house is likely the most significant investment you'll ever make. That's why it's crucial to steer clear of certain types of properties that could lead to financial disaster. In this video, I'll reveal the types of houses you should never buy to ensure you make a sound investment decision. Don't miss out on this essential advice that could save you from costly regrets down the road!
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Jerry Pinkas Real Estate Experts
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Myrtle Beach, SC 29577
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Disclaimer: All information given in my videos is meant to be educational. This video is not intended to replace your research or provide legal, investment, or financial advice. For legal advice, consult a lawyer.

Пікірлер: 301

@dmlagrange 2 ай бұрын

No HOA is the best piece of advice this guy gives. I'd rather live in a box in Seattle than have an HOA.

@RARochester 3 ай бұрын

Every house that you buy requires upkeep and this is why first time homebuyers experience remorse because the honeymoon will be over and reality sets in; no more brunch on Sundays'; instead it's Home Depot Saturdays' and painting the bedrooms on Sundays' followed by being tired going into work on Mondays'.

@JetJ321 3 ай бұрын

Hahaha, exactly

@hansschotterradler3772 3 ай бұрын

Yep, I haven't been to a Home Depot since I sold my house 4 years ago. No regrets, I'm a happy renter.

@RARochester 3 ай бұрын

@@hansschotterradler3772 I get it....

@DorothyTanner-y9o 3 ай бұрын

Well said😂

@prn24 2 ай бұрын

It's the American dream, so I've been told.

@gerberjoanne266 3 ай бұрын

This all sounds like good, sound advice. The problem is that new houses are often ugly and shoddily constructed.

@BrianK-zz4fk 3 ай бұрын

Its interesting, even with new construction codes they seem to be getting worse. My house was built in 1950 and little issues other the the normal. As long as you get a proper independant inspector, you can plan according in the price to pay that will fit the budget.

@eb9520 3 ай бұрын

no interesting architectural details or nooks & crannies. Just boxes with low ceilings and no garden space.

@mcbeezee2120 Ай бұрын

Yep, I had structural issues with NEW houses with 2 different production builders over the last 20 years. Snow blowing into the attic space/drywall getting soaked due to rain eater penetration/etc. Had a friend who after 2 years of outrageous heating/cooling bills, discovered NO insulation had been blown into her attic space in her NEW house. How did a Certificate of Occupancy get issued? We all know the answer to that question.

@jakckt 2 ай бұрын

One thing you didn’t mention is to hire an independent inspector, do not use the ones recommended by your realtor because this who work with the realtor have a vested interest in helping the realtor close the deal and may not put the interests of the home buyer first.

@Super-c00n 2 ай бұрын

That's a shame.

@sewerrat7612 2 ай бұрын

Varies some realtors recommend great home inspectors just check reviews and companies reputation before hiring.

@mayorb3366 Ай бұрын

I'd add that if the house has a pool in back, get an established pool maintenance company to do the inspection on that. Most home inspectors have no idea what they're looking at. I am a long term pool tech and have been amazed at what issues they'll call out, and what they totally overlooked.

@onetuliptree 3 ай бұрын

I would avoid older houses that were remodeled into open concept, unless your inspection includes checking that the architect/engineering was done correctly and the roof is still supported. I think some of those open concept remodels are held together with screws and paint.

@iamabliss5455 Ай бұрын

Sometimes not even screws. More like tape and paint!

@jeannettasmith2825 3 ай бұрын

I lived in one HOA controlled community and hated every minute of it. I couldn’t wait to get out. Sadly, though, it’s becoming nearly impossible to find communities without HOA’s.

@Zeus-dw1cx 3 ай бұрын

All the disabilities of a single family home, with none of the advantages

@verticegirferd5069 2 ай бұрын

I really like being in a HOA. They help to maintain my investment in my property by prohibiting neighbors from putting every trinket, pot, sign, automobile etc in their yard. Also they require people to take in their trash cans, keep their home maintained, mow their lawn and don’t paint their homes in crazy colors. You should move out of your area. I’ll bet there are plenty of areas that aren’t in a HOA You can live with mobile homes, cars in yards, purple houses and loose dogs and chickens everywhere. Good luck.

@jeannettasmith2825 2 ай бұрын

@@verticegirferd5069 HOA’s work well for some folks. Homogeneity is appealing, particularly for older folks who are set in their ways and have financial resources. I had never lived in an HOA controlled subdivision before and found that the mandates were onerous and unreasonable. I live in a non-HOA area now and am much happier with it. Interestingly, yours is the first comment in favor of an HOA other than one family member who also enjoys a strict set of codes. In the end, it’s a matter of preference.

@crjetpilot 2 ай бұрын

@@verticegirferd5069I can’t agree more!

@gregohare2406 2 ай бұрын

@@verticegirferd5069Couldn’t have said it better. My next home will be in a HOA; preferably a gated community. Your comment about trash cans, crazy colors and maintaining property values really hits home for me. Makes one wonder how these people were raised.

@vikingprincess634 Ай бұрын

We bought a charming, post civil war house about 10 years ago. We just finished the updates. We replaced the plumbing, water filtering system, furnace, oil tanks, sewage system, windows, doors, roof, walls, porches, ceilings, bathrooms, electrical wiring, etc etc etc. The house is absolutely stunning but it wasn’t cheap. We love our classic historic home, but the work and expense getting it functional and safe for the 21st century are certainly not for everyone!

@Friends46488 22 сағат бұрын

Congratulations on all the work done on your post civil war home. I bet the home is beautiful and has lots of charm. Such major renovations is not for the faint of heart. Wishing you years of happiness in your home.

@simon359 3 ай бұрын

Get your own inspector, don’t trust your realtor? Speaking from experience.

@Amy-hs1qe 3 ай бұрын

Yes, I learned this the hard way too.

@gasolara2002 3 ай бұрын

So true. My inspector saved me 2 weeks ago from a shady realtor.

@livingnorthofatlanta 3 ай бұрын

@@gasolara2002 I'm curious, what was the realtor suggesting you do or not do?

@beverleyhagaman7344 2 ай бұрын

Never never trust a real estate agent.

@snarecat3441 2 ай бұрын

Never trust what a realtor tells you about the condition of a home, or the amount of property there is with the home! The just sell em.. that’s their expertise.. check for easements snd right of ways also with town hall or the county people. Do your homework! Your OWN homework .. your agent just wants you to sell a house

@GrandmaAnna 2 ай бұрын

I was a Mortgage Loan Auditor, Processor and Underwriting, ALWAYS have a home inspection, appraisal and survey! Always make your sale/contract subject to home inspection and appraisal. If it's not in the contract you may be stuck buying a property with issues because it wasn't addressed in the contract!

@denisrichard58 3 ай бұрын

The majority of those 100+ year homes will outlast new houses by another 50 years or more if maintained properly. Also, they have had plenty of time for the ground under and around them to settle, so no worries about that. Old homes can have a huge expense to update, but they are well worth it unless you are a flipper.

@matthewphillips5483 2 ай бұрын

Evidence? Source: Trust me, bro.

@user-mu8ty7vc3y 2 ай бұрын

No one can attest to that

@sewerrat7612 2 ай бұрын

Older homes are framed better generally (in areas that building is regulated). Alot of newer homes require extra support to be added even for something simple like a 1 inch hole to run a pipe.

@matthewphillips5483 2 ай бұрын

@@sewerrat7612 I would only buy an older home if I could strip it to the bones and redo everything to modern code. Even then, the foundation might need work and the drainage is probably subpar.

@sewerrat7612 Ай бұрын

@matthewphillips5483 should check foundation prior to buying and drainage isn't usually big fix unless your lots lowest in the area then you get everyone else's problems. As far as gutting company I work for feels the same we also regularly end up gutting homes built with on last few years to correct all the issues for clients. Really can't really be avoided (in the long run) unless you get a home from a high end builder or have your own built.

@greenlight6913 3 ай бұрын

Jerry, correct purchased a home built in 1957 for 120K 20 year ago and over time everything you talked about I replaced. Even the Asbestos basement floor.

@gasolara2002 3 ай бұрын

I would avoid brand new builds that don't allow for the buyer to choose the inspector. Some builders don't allow 3rd party inspections which has hurt alot of people. It is also several documented issues of subpar work here on KZbin to back it up. Be careful as realtors might push for the new build as it has higher commission payments for them.

@MeadowDay 3 ай бұрын

Well said…and true!

@5400bowen 2 ай бұрын

How does a builder bar you from hiring an outside inspector? That is illegal and ridiculous.

@DSNCB919 Ай бұрын

Ive never heard of that is that legal?

@5400bowen Ай бұрын

I could see how you might agree to something like only their chosen inspectors results are valid for the warranty. But you can always hire your own inspector before during and after the sale. And you can take the results and sue. But there could be an arbitration clause. You need an honest realtor and loan agent, they change the rules all the time. Good luck on finding both of those, but if you do you will be fine. If you are the brave of heart you can actually read the realtor contract. What you need to keep in mind is that you don’t need to understand every phrase, most people can spot a red flag like an arbitration, non disclosure, clause to make any but their inspectors reports invalid in a dispute. There is only so much party of the first part party of the second part gibberish. Somewhere it says arbitration etc. .

@ClarisNdoroRealEstate Ай бұрын

The buyer can order another inspection with the new build. I like my clients to go and view new builds, too, because they get great incentives like interest buy-downs most lenders can’t match. The latest build also offers closing costs that can save my buyer money because most used home sellers don’t want to offer closing costs. I always ask my clients to order another inspection for peace of mind.

@SKWDMDYT 3 ай бұрын

I have lived in two homes. One was a model home and the other a custom built. Both built in 1976. Never ever buy a tract home, especially the model home. The custom home, built by two Norwegian builders, was rock solid. Never buy a home without walking around without a level to check for out of plumb and severely bowed walls and floors out of level. I would never buy a home if I had no access to wall baseplates to check for termite damage. Termite damage can be easily hidden or undetectedable. Considering the fact that most homes in termite zones probably have some termite damage, this is an EXTREMELY IMPORTANT consideration in the purchase of old construction. For this reason alone I would only buy new construction. All framing members have to be well away from soil. I would prefer a basement with the first floor at least a foot off the ground.

@spinecat 2 ай бұрын

Lifelong building professional here (50 years). For many years I did inspections on the side. In my experience people didn't want to hear anything negative about a house because by the time they called me they had already bought the house in their minds (this was especially true of the women). I stopped doing that sort of work because it was not worth the money or the grief; I mean, if you know more than I do why on earth did you hire me and pay me for my opinion??

@danawalker9417 2 ай бұрын

I put an offer in a house recently and it was accepted. I'm one of those women you mentioned that in my mind it was perfect, and I was already where everything was going to go, furniture, pictures, etc. Being disabled, the house fit my criteria of having everything on one floor. That is until the inspection. This was a flip, and it definitely was a pig in lipstick. Yes, I was disappointed but as the inspector was naming things that were wrong, I could see dollar signs that I would be spending in the future to get those things fixed. In the end the inspector found over 90 discrepancies, 5 of which were health and safety issues. When I told my realtor I wanted out of the contract his response was, "oh thank God." The same house is still on the market but went down 20k. Coincidentally, my realtor took me to see another house and we were noticing the same kind of flaws as the other one. My realtor looked it up, and sure enough it was flipped by the same person.

@whiskey_tango_foxtrot__ 3 ай бұрын

Everything is fixable. As long as you understand what you are getting into.

@RARochester 3 ай бұрын

Smartest comment on here....

@MikeHawk_007 Ай бұрын

Often at a huge expense..

@stephendiamond9893 3 ай бұрын

I agree with you. Don’t buy houses in HOA.

@crjetpilot 2 ай бұрын

If you’re someone who doesn’t want to follow the rules, please don’t buy in a HOA. It will cost you money, and your neighbors headache. Avoid it all, and move somewhere with no rules.

@sewerrat7612 2 ай бұрын

@@crjetpilotdepends where your at alot of areas have township/city regulations and enforcement so there are rules either way. Towns just have a more stable set of rules due to regulations being harder to alter than a random hoa vote.

@livinginnorthernaz 3 ай бұрын

Houses with a flat roof have problems with water leaks even here in Arizona where we get very little rain

@makeitpay8241 2 ай бұрын

@ayo9057 nothing is permanent

@elultimo102 2 ай бұрын

@ayo9057 Th e flat roof can be reworked----for a price.

@bobbalouie1303 3 ай бұрын

Number one on his list should be those with a steep long driveway and steep stairs going into the front door. Look for homes with a flat straight in front lot.

@SlimSevernick 3 ай бұрын

why?

@raulsuazo5015 3 ай бұрын

Mobility. As people get older becomes harder to walk

@serahloeffelroberts9901 2 ай бұрын

And avoid multiple split levels. Houses with more stairs than usable space are poorly designed and a nightmare to live in when you age and for family members with mobility issues.

@peter-pg5yc 2 ай бұрын

Ive had 10 or more houses and everyone was a headache. No house is ever 100%. clogged toilet 165, tankless 4k replacement. water heater 1500 installed in 2 hours. lawns trees thousands to cut

@rhinnbuck7766 Ай бұрын

They’re all money pits.

@rosemarietolentino3218 3 ай бұрын

Most of these problems can be estimated and deducted from the cost of the house when making a offer on the house.

@lopesphoto 2 ай бұрын

Just had galvanized pipe in my 70 year house burst. Had to replace plumbing from 2nd floor to basement. Replace this plumbing pipe when you see it

@kenb3552 2 ай бұрын

My home is 75 years old and we have lived in it for 60 years. It is rock solid. While it has the original wiring and plumbing - it is all in very good condition as it was quality when it was installed. The service panel was upgraded years ago when an addition was put on in the 1980's. Electricians who have come in since for some minor upgrades have all said the condition of the wiring is great and there are no problems. I guess my point is, that with an older home, there are no surprises. The foundation that I have now, is the same foundation that the next owner will have - a solid foundation with no cracks or problems. Lead paint, if any, would have been covered with non-lead paint decades ago. With a 75-year history, any and all problems would have surfaced by now.

@Rottingboards 2 ай бұрын

1). I always look for a poured basement over cinder blocks. 2) I look at the roof for dips indicating poor choice of plywood thickness or adequate support beams. 3) Does the yard drain water away from the house. 4) Look for water stains anywhere. 5) Any cracks in the plaster inside of closets? My top 5 list. 🙂

@paulkersey2179 2 ай бұрын

There is a certain group of people that you want to look for as well, he doesn't mention them, but it should be your #1 concern. They can ruin everything. Home values drop rapidly, the schools and parks become war zones, crime spirals out of control, stores close, taxes rise to pay for the carnage they leave. If you see them, run. Some signs are non working cars in the street or on the front lawn, "teens" dancing on the roofs, or hanging outside after dark, a high local murder rate and dysfunctional local government.

@Super-c00n 2 ай бұрын

Good point. This is a hazard that many home buying experts never seem to mention.

@sac621 2 ай бұрын

Finding a great realtor is very rare. When we were looking to buy in 2002 the realtors were salesmen ,just trying to close a sale. I fired 3 agents and when to Real Estate school and got my license. It really spead up the process as we could get in faster to see a house. All the hard work paid off...we financed the whole thing and only had to write a check for $100 at closing! And still got my commission. The best Realtor are representing the most expensive home in an area...in other words....money talks. If you're not wealth...go to school and learn as much as you can...about everything. 🤔

@MikeHawk_007 Ай бұрын

Realtors have surpassed used car salesman as the most slimy people on earth. lve worked with many and trust none of them...

@dovygoodguy1296 3 ай бұрын

Jerry, with all your great information, the first thing that occured to me is how all those old towns in Europe, Mexico, etc. have even survived as long as they have! Flat roofs, old wiring and plumbing, drainage and sewage issues etc. How have people been able to yo live there!! By contrast, places like Mexico are flooded ( no pun intended) with new construction in the tourist areas, beaches, etc. which surely must be using cheaper materials together with some old fashioned defects. How do they survive? People buy them in Mexico, the Caribbean, in European locations, etc. Maybe it would be a terrific idea for you to do videos comparing all these issues in a few countries. Where we live in Canada we've been told how condos built before 2000 were superior because the contractors were often Europeans who used higher quality materials.

@annedon776 3 ай бұрын

And back them people took pride in their work. Now it’s saw dust and glue build by god knows who!😕

@dovygoodguy1296 3 ай бұрын

@@annedon776 Correct......Sooner or later cities will run out of housing built between 1980 and 2000.

@sm3675 16 күн бұрын

A lot of Polish trades in the GTA have sadly went back to Poland. They are good quality people.

@jennifereaddy 3 ай бұрын

You are so appreciated. As always, thanks for sharing.

@dawhike 3 ай бұрын

I have 45 yrs experience and have Brokered, Bought/Sold, Remodeled, Flipped, Invested, Built, etc., homes. 😊 You have some good info here, but as an investor/remodeler/reseller, some of these items you mention here are fine for me. More profit! I never bought any burned or black mold homes. Too many things to remediate and overcome at resale. .

@stevenweiss2148 3 ай бұрын

More profit for you. More potential trouble for me capitalista

@sewerrat7612 2 ай бұрын

Only real issue with burned homes is you'll require an structural engineer for framing correction other than that it's a typical full guy if your updating electrical and plumbing like you should.

@MeadowDay 3 ай бұрын

Love my older home, I wouldn’t consider paying thousands for the identical ugly boxes they are cheaply throwing up today.

@matthewphillips5483 2 ай бұрын

"They don't build them like they used to" is such a tired line. Outside of the lumber likely being better, I'm not sure what is so appealing about older homes with lead, asbestos, nasty pipes, poor insulation, funky wiring, etc.

@russjohnson6396 Ай бұрын

@@matthewphillips5483 The reason "they don't build them like they used to" is that those fine old houses had the quality to survive while their contemporaries fell apart, were razed, burned down, etc. The survivors weren't representative of all houses built in the same era.

@matthewphillips5483 Ай бұрын

@@russjohnson6396 Survivorship bias. I get it. But I'm still not interested in those old homes.

@odysseus2656 3 ай бұрын

The problem with buying a brand new house is that older homes are already built on the best locations.

@evhvariac2 3 ай бұрын

EXCELLENT point. I actually just bought older (1991). Smaller house but bigger lot. Quiet cul de sac. Pie shaped lot

@odysseus2656 3 ай бұрын

@@evhvariac2 Well, I would not buy a house older than 1980 either. But an older home is settled, has mature landscape, tends to give you more for the same price, you can see what the rush hour is like, and you know who your neighbors are.

@JetJ321 3 ай бұрын

If people have kids and once prices come back down then you should buy. Owning is a protection for your kids if they ever need a place due to job loss etc. Try to get in a place with low property tax.

@singlefather01 3 ай бұрын

I stripped most of the drywall to change the electrical wire to copper, especially in the kitchen and laundry room. I replaced the galvanized iron pipe while at it. Oh the poop you accumulated in the steel pipe was disgusting. I fixed and replaced roof and added structural reinforcement. I placed the structural plywood or lvl for the wall and the studs. I had to place 1/4 sheet rock over the structural plywood wall to plaster, yes, real plaster, the wall.

@christina3521 3 ай бұрын

Wish had seen this 3 years ago at my first rodeo. There are a lot of agents who will take advantage of your trust. Learn and burn. Tiny house is next

@lori-annefay4138 3 ай бұрын

ALL THIS GOES FOR RENTING TOO! You rent one of these nightmares, you're going to live with these issues! Been there done that, be picky where you rent do a background check on your landlord.

@H2SO4H20 Ай бұрын

The only thing worse than having an HOA is not having an HOA. Last week I drove through the HOA-free neighborhood we moved from 25 years ago. That neighborhood was declining 25 years ago and is now an absolute rat hole. Our current HOA neighborhood with houses that were originally in the same price range is the same age as our previous neighborhood and still looks wonderful. The HOA has kept it that way.

@donniethesportsguy893 3 ай бұрын

Sadly 80% of us don’t have this problem due to current interest rates 😂

@Allen-eq5uf 3 ай бұрын

Aluminum wire is still used in commercial construction

@royr8824 3 ай бұрын

I've live in a 53 year old home with aluminum wiring for 24 years. it the wiring is installed correctly it is not an issue. Most if not all the electrical lines in a city that service homes and businesses are aluminum which service the community with no issues.

@playdohsrepublic3562 3 ай бұрын

I live in a house built in 1960. I love it.

@generessler6282 3 ай бұрын

Yeah "correctly" is the operative word. We just had an aluminum wiring failure in a 1972 A/C circuit that scorched a wall pretty well. Could have gone sideways quickly. Happily, the breaker blew. That's my father-in-law's house - rest his soul - which we're selling. If I were the buyer I'd pay a master electrician to go over every panel, outlet and junction box, and I'll tell him/her that.

@francescotenti193 2 ай бұрын

I would never even dream to buy a house in a community with HOA fees, 2 main reasons, 1- all those houses look the same and 2- being told what can or cannot be displayed outside and endless rules and regulations. Finally, those fees almost invariably go up and up and up. No thanks. If or when I'll be in the market for a new house, I will choose an established neighborhood where the homes are all different and I won't be deterred by the age, of course a complete and detailed inspection is a must.

@gsquare6382 2 ай бұрын

Well I don't want to look at your "F**k Biden" flag. Which is what you will get this year. Unfortunately people today only think about themselves.

@elizabethturel78 Ай бұрын

Another complaint I have is houses with big trees! You didn’t say anything about that. When I moved in to the HOA, it took me months to get that tree removed. This 35 foot tree 5 feet from home. It was considered HOA property, but they removed it, including the stump. This was a good HOA.

@SoulfulVeg 3 ай бұрын

I bought a 70 y.o. house in Florida (which is like 100 years old in non-costal city). Never again. I prefer preowned homes, but I'll never go that old again.

@belamoure 3 ай бұрын

Realtor's inspectors are a joke imo. House I bought had a jacuzzi in the basement. Steam was eating up gyprock walls. Winter time the furnace which used a turning wheel water kit to humidify the hot air of the furnace, it was a total disaster. I replace it by a conventional modern furnace. As for the jacuzzi I emptied it - 70 buckets of water in all. It will be demolished and replaced by a cupboards once I identify an able professionnal firm which is a challenge.

@ajmartineau8221 3 ай бұрын

As long as humans put money first and not god nothing changes. What happened to morals and values and integrity? This lieing crap that humans do for money is the devil. You are one of the good guy's sir. God bless you and your team and all the good people! Time to bring back god and common sense!

@playdohsrepublic3562 3 ай бұрын

Yes, I agree. Trying to scare people into buying new builds is so moral.

@castanedagus 2 ай бұрын

Thank you for your invaluable knowledge you freely share. I have a RE agent trying to sell me lots near me. But most are on hills or steep ravine types of areas. I told her I don’t like those areas but she keeps sending them. So now I know I will totally avoid them. Thanks again greetings from Los Angeles

@jillcnc 2 ай бұрын

There are places in central NC that are a triassic basin with clay soil. Settling and shifting are just part of life in houses here. Piers to stabilize foundations can cost five figures, but are well worth it. You don't have to avoid these houses entirely.

@Semiam1 2 ай бұрын

Always think of the mindset of the next buyer of your home before performing any “upgrade”

@Sophiecjp 2 ай бұрын

My mom’s house was built in 1860, yes that is not a typo 1860 and it is still standing strong and it is low maintenance. How about that 😎

@sewerrat7612 2 ай бұрын

Can be once the electrical and plumbing are updated.

@MikeStallings2023 3 ай бұрын

I struggle with the fact that I love waterfront and live in a hurricane and flood prone area. Basically every house in my area is at risk.

@wyominghome4857 2 ай бұрын

Number 11: houses that were model homes for the subdivision. These are constructed on the contractor's dime and will sit empty until the last houses in the subdivision are sold. Consequently they are thrown together. We bought a 15-year-old house in Northern Virginia, that had been a former model home. It was a nightmare! Over 17 years we put at least $200K into it bringing things up to code, adding insulation and new windows, and removing custom features we didn't want. If you buy a century-old house, or older, do so with the idea of gutting it to the walls and putting in all-new wiring, plumbing, and insulation. You can often buy such houses for a song, leaving plenty in your budget for renovations. The charm and unique styling you get is well worth it.

@lindap.p.1337 2 ай бұрын

I do not believe 75% of home buyers are unhappy unless they bought above their means.

3 ай бұрын

Regarding old wiring, stay away from knob and tube wiring. There was a time when knob and tube wiring was common but it is not reliable. And stay away from circuit breaker panels manufactured by Federal Pacific, namely the Stab-Lok panels. These have been shown to fail and cause fires. I had one in my condo in a building built in 1961. I replaced it some 5 years ago or more for around $1,000. Thanks for the good advice.

@hokeypokeypots 2 ай бұрын

I bought a house several years ago that the builder and his family lived in since the early 80s. Kids all grown up and gone, couple decided to downsize. Had an inspection done and the 'bones' of the house were solid, but a lot of small repairs were needed. I loved the house, the size of the property and the location on a very private and quiet Cul de sac. I have no regrets buying the house...love every minute living here...and I handle the almost endless small repairs without going bankrupt because my old house also needed a lot of small repairs. Since my previous home was built in 1906, along with the small repairs, there were major, expensive repairs that were going to have to be done in the future. I sold the house 'as is' to wealthy people who loved the location, could afford to restore it and gave me a good offer. My new house is also in a desirable location and has appreciated quite a bit, so if I ever have to sell, I won't lose money...and, so far, I don't have any major repairs hanging over my head.

@franklesser5655 2 ай бұрын

It's most important to choose a house that has great curb appeal, two-story foyers, granite counters and crown molding.

@user-vq5tk2ey6k 2 ай бұрын

haha I see what you did there

@user-pu4rp9wh3i 3 ай бұрын

Thank you Jerry, Very Expensive information. From Ethiopia

@Erichb66 2 ай бұрын

The lender will require an inspection. I don't think you can buy a house without an inspection except if you pay cash.

@saundrafoster8768 3 ай бұрын

Very helpful, I’m moving next year. Al this information will help me with my house purchasing.

@gsdcjd 20 күн бұрын

Based my prior bad experience including getting lawyers involved, hire and experienced contractor to expect your home. It may cost $1000 but will be worth if you’re purchasing a home more than 20 years. 1st night in my new home 20 years ago we had a heavy storm and we woke the next morning to half the windows and patio upstairs leaking. A church friend who is also a contractor checked it out and pointed out all the things that point to potential problems. For example, nails popping out of the drywall is sign that water has intruded into the walls causing the wood to swell and push the nails out of the drywall.

@angelabrandonsantacruz4596 3 ай бұрын

So manufactured homes in a non flood area are ok?! I’m excited

@verticegirferd5069 2 ай бұрын

@user-mu8ty7vc3y 2 ай бұрын

So yiure saying every non hoa neighborhood is trash? Are you a god?

@PoetiqueMs 2 ай бұрын

I agree. I live in an older community with an HOA. We realized that the reason we were drawn to the neighborhood was that it stood out from others, and the HOA was the reason. We've been here 12 years, and have never regretted the decision.

@jakckt 2 ай бұрын

Not all of these are deal breakers as long as the buyer is aware of the issue and negotiates a reduction in price to cover the necessary upgrades or repairs. I have bought houses with Pb plumbing and just negotiated a credit to cover replacement and then had the whole house recipes before moving in. Within under 4 years the home tripled in price/value. Flat roofs are not an issues as long as they are properly maintained.

@brushcrawler8612 2 ай бұрын

A repair that is "necessary" isn't always necessary. I have/would never lifted a finger to close on a deal.

@bigwillsmith50 2 ай бұрын

I’m a Public Adjuster, Review your insurance and get the code upgrade endorsements on you policies. That will help with a lot of hazards when they show their head in older and newer homes. This is a great video!

@Neha-eo9nd Ай бұрын

I was almost burned by an LLC earlier this year. Was looking at houses with my brother and we almost bought this house but it had just about every structural issue you could imagine wrong with it and even had carpenter ants and termites. I lost $500 on the inspection but at least we didn't make a $300,000 mistake. It looked amazing on the inside too.

@JosephGoclowski Ай бұрын

Great advice as always! Thank you.

@ronalddawson3873 2 ай бұрын

I have become a 'Jerry Pinkas" fan.Another great video.Thanks. I'm a Senior Citizen,living alone and I will keep looking for now,but I will be calling you in the future.I feel I can trust you and your experience.

@sandovalperry2895 8 күн бұрын

Landscaping is a big issue, I’m not talking flowers. Is the grading toward the foundation? Are the trees rotting and ready to fall on your house? Is that cute ivy vines crawling under your siding? Is that big backyard full of noxious weeds that you can’t get rid of? Did the previous owner bury his paint cans and other toxic chemicals in the yard? This caution comes from first hand knowledge.

@SCDutch 2 ай бұрын

Great suggestions for buyers! I'm not in the market currently, but you've certainly opened my eyes about what issues and concerns I need to focus on when I do purchase a home.

@Thorny_Misanthrope Ай бұрын

My home is in a well-established neighborhood, a house almost seventy years old on a fifth of an acre. It’s not as level as I’d like, but not too badly. I have gradually been replacing the sewer line going down the length of the house. I’ve also replaced just about everything else, including the roof. On the other hand I don’t have an HOA with tyrannical management. I don’t have a neighbor’s house within arm’s length. That’s worth more than money.

@Jared_Albert 3 ай бұрын

we bought a 20 year old house built in 1992. Had to replace all the leaking windows. All houses need maintenace. Double glazed only last 20 years. Wich the inspector had coaught it. Also roof went 5 years in. Asphalt roof only lasts 25 years. pay the derpeciation for new or maintain

@tastx3142 Ай бұрын

I bought a 4 year old custom home in 1989 on a steep lot. It was well built and structurally sound. As we are looking for a smaller one story home, we see a lot of issues with poor construction on newer homes and especially foundation issues on older homes. Relatives bought a tract home that builders are now calling custom because one can choose the type/ color of flooring. They have Moen faucets, but the cheapest 2 handle type that are difficult to clean. It’s a year old and the vinyl plank flooring is already getting marred. It’s fine when everything is shiny and new but they start immediately degrading. Our HOA dues are less than $300/year while the relative’s fees are more than that each month. With rising insurance costs and city taxes, it’s similar to a mortgage but will be paying it forever. Looking towards retirement many are staying in their homes well past 80 for financial reasons.

@swirlcrop 3 ай бұрын

This video is very good.

@Hemi_Gaming 2 күн бұрын

Very helpful video

@SSHitMan Күн бұрын

Lead paint wasn't actually that common. Lead was used only in the most expensive highest quality paint, so mostly in high end housing.

@pamelabrossier5010 Ай бұрын

Thank you for this information! Some of these things I already found out-the hard way!

@amuseinthecraftroom6257 2 ай бұрын

I have copper plumbing in the house, but i finally had to replace the plastic supply lines coming into the house. It was built in 81. Shocked it didn't burst before now.

@sewerrat7612 2 ай бұрын

It's not unusual for water mains to last longer than 70 years if done correctly.

@courtneyfulcher5255 3 ай бұрын

Thanks Jerry for the good advice👍

@SwanLake629 2 ай бұрын

My stucco house cracked and bulged after a few years. Cost me many thousand of dollars to fix. I sold the house would never get stucco sgsin

@AlmaMelvin58459 3 ай бұрын

add to list. anything bought within the last 4 or 5 years. anything that is double in price what the buyer paid for it. anything where property taxes have gone ballistic because of some flipper tard. sorry some drastic changes need to be made before home ownership in usa is viable again.

@katydid2877 3 ай бұрын

Flipper tard. Love it 👍 Very fitting.

@MikeHawk_007 Ай бұрын

Flipper tard here.. 👋 lm happy to tell you l had my first house paid in full in my 30s. No rent or mortgage sure is nice. l haven't worked a 9 to 5 job in forever... 😘

@gilbertvalverde2820 9 күн бұрын

It was very helpful

@fatimahalouani6410 3 ай бұрын

It was very helpful thanks

@CountKoski 2 ай бұрын

Two problems with these advices: 1. Thorough and valuable inspections are likely to cancel deals so their cost is unrecoverable. 2. Listing agents are on commission and will use very careful language. Sellers of a problem house will choose an understanding realtor with a large rolodex.

@DOLRED Ай бұрын

There was a builder in an adjoining state to us who was building new homes during the late 1990s. He was putting wood shingles on top of OSB decking. No separator: Just shingles nailed directly to the OSB!!! Imagine the nightmare that would be soon. These were Upper Middle Class residences, not cheap. I had a good laugh on the phone with a local guy familiar with the story at that time.

@dyates6380 3 ай бұрын

Another good one Jerry. Thanks for this.

@94mandydallas Ай бұрын

What makes a qualified Inspector qualified? And how do you know if a real estate agent is an expert, not just length of time they've been doing it? What? What is their qualifications and what should I be looking for? In smaller communities, i've also heard that you have to be very careful about the inspector you choose. They may be working hand in hand with selling agent as well. Is this a fact that I should be aware of? Great video thank you so much.

@hilbert551 Ай бұрын

An excellent video. Great information here. Beware of housing inspections that are done by inferior, inexperienced folks. Also many flippers don't spend big money on foundation issues. They will do the pig with lipstick thing. 🤔

@user-xb4pg8zj1z 2 ай бұрын

I would never move into a house which has an HOA. 😮

@AJ-lu3wx 2 ай бұрын

Great video. Have to just take exception to 10:20. Realtors work for the seller and not the buyer and are on commission.

@Cresendiz Ай бұрын

Great video!

@PEETY666 3 ай бұрын

Thanks Jerry!

@montestruhar8449 2 ай бұрын

I’ve built it 30 different states in both commercial and Residential, this guy makes me laugh...should be on The comedy network......love his 20 years of stand up ....

@jamesr1703 10 сағат бұрын

Nine out of every ten real estate agents are just used car salesmen. Be very careful with who you trust and ask for verification of every single thing that they say. If they hesitate, head for the exit.

@oantech4252 3 ай бұрын

Great advice on the flood-zone map. In addition to that, you may want to add a request for high-voltage power line maps above and below ground. Also an updated map of cell phone tower locations. It may be controversial, but many people are health conscious and sensitive to living close to high output emf transmissions. Another one is school locations and school bus routes. Some people don't like a line of school busses lined up in front of their home at 7:30 AM. Lots of research needed if you don't want any surprises.. Great video.👍✌

@tomgillett4791 3 ай бұрын

Yes, great video. Beware of natural gas transmission lines.

@denisedoherty4909 3 ай бұрын

Nice video Jerry.. I find it interesting that you always stress finding an " REALLY experienced realtor" Even you were not born a realtor, Jerry. At one time you were brand new to the industry. Most new realtors are working with very experienced Brokers.

@matthewphillips5483 2 ай бұрын

Younger realtors are more hungry and try harder IMO. Older realtors have been condescending and tout the "I've been in this business for xx years" line which is an instant deal killer for me.