STOP! Avoid Buying These Houses!
Published 2024-06-05
00:00 Intro
00:49 Flipped Homes
02:34 Old Homes
04:49 Homes with Foundation and Structural Problems
07:57 Homes with Mold
George Poporad is a licensed Realtor who lives in Lakewood, OH and serves the Greater Cleveland Area
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All Comments (12)
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My #1 deal killer: H(orrific) O(ffensive) A(uthority) on the deed. If I could get it for free with the catch that I had to live with an HOA for a decade, I would pass.
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you did a great job on this video man.
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I'd add "new builds." The quality of new builds in many places these days is abysmal at best. Poor craftmanship, (if you want to call it that), along with home builders that are not quick to honor any warranty is enough for me to stay away
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No matter what kind of house youāre looking at you gotta have it inspected. Thatās what it really comes down to. Do a little research, find out if itās in a flood zone or fire zone, etc. But the most important thing is the inspection.
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I flipped a home last year. I only did the major structural repairs i didn't glamorize the home at all I just fixed all its major problems and it only took 3 months and I made a small fortune. By not making the home flashy I saved a fortune so what extra I didnt make I didnt need because I didn't spend money on the glamorous bs. The new homeowner now gets to choose how they want to improve their home and the only improvements theyll need to make are cosmetics I think its better that way. What if they dont like the counter tops I choose or anything like that they can choose it all themselves now with the money they save not needing a new roof and not falling through the floor or having surprise plumbing/electrical issues all those I took care of.
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My house is 124 years old. Itās a small craftsman in a mediocre neighborhood. But it is solid as a rock. When I got it inspected, the guy told me that it will still be standing strong in another 100 years. He said the new builds will be gone in 50 years. Donāt ignore the old homes. If the electrical and the plumbing have been updated, are they are not a bad deal at all. They might take some work, they might need a little polishing up, but the bones are good. Theyāre built solid most of the time. I recently updated the house, mostly cosmetic. The only Shawty Work we found was from around 30 years ago or even 20 years ago, but the original parts of the house were wonderful. So donāt ignore the old houses, they can really be a great deal. all the houses in my area of town are somewhere around the same age and they are being bought one by one and fixed up so they are constantly going up in value.
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I'd add to this, houses in a flood zone.
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This was a great video. šš¾
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Really nice video, especially considering your subscriber count and total channel view count. Honestly it was great. If i can give one piece of unsolicited advise, the constant cuts are really distracting and jarring to the eyes. It might take more time to do the script a couple times and not need those jumps, but really makes viewing much more enjoyable. Anyway, this is the first video of yours I watched and it earned a subscribe. I will look through your older videos as well. Keep up the good work!
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West Virginia is losing people like a sinking ship. The current population is less than 1.79 million and falling. Realtors want to sell you a house but they don't want to talk about the job market. When coal is finally killed off everyone left will move out. Construction is down, there are no large military bases in the state and little to no industry remaining. Small businesses have a hard time competing with contractors from Ohio, Kentucky and Pennsylvania.
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Old house? Total gut rehabā¦and I mean TOTAL! No BS.