Summary

In this episode of The Agent Advantage podcast, hosts Michaela and Emily discuss the critical aspects of spotting red flags when touring homes with buyers.

They emphasize the importance of understanding state regulations, particularly the concept of 'buyer beware,' and share personal experiences that highlight the need for thorough inspections. The conversation covers practical tips for assessing both the exterior and interior of homes, as well as the significance of local market nuances.

The hosts aim to equip new agents with the knowledge and confidence to better serve their clients during the home buying process.

Takeaways

• Buyer beware means the buyer is responsible for discovering the condition of the home.
• It's crucial to communicate state regulations to buyers before showings.
• Inspectors can provide valuable insights during home inspections.
• Always check the utilities before an inspection to avoid surprises.
• Look for red flags like water spots, mold, and structural issues during tours.
• Understanding local market conditions can help in assessing properties.
• Encourage buyers to attend inspections for better understanding.
• Set expectations with buyers regarding the home touring process.
• Be proactive in identifying potential issues before making an offer.
• No home is perfect; always be prepared for some level of repairs.

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Chapters

00:00 Introduction and Overview of the Episode

01:24 Understanding Buyer Beware: Legal Considerations

03:37 Real-Life Experiences: Lessons from Home Inspections

13:25 Key Red Flags to Look for During Home Tours

23:48 Final Thoughts on Home Buying and Inspections

26:32 Understanding Regional Real Estate Challenges

28:50 Home Inspection Insights and Best Practices

33:12 Navigating Plumbing and Electrical Concerns

38:11 Setting Expectations for Home Showings

43:28 Final Thoughts on Client Guidance and Inspections

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