5 Things Home Sellers Try to Hide

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By Douglas A. McIntyre Updated Published
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5 Things Home Sellers Try to Hide

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Realtor.com has come up with a list of five things home sellers try to hide from sellers. Presumably, this is done to enhance a house’s value and stick the buyer with problems once a sale has closed.

The five things sellers hide are:

1. Water damage
2. A contaminated backyard
3. Problem neighbors
4 Weird temperature changes
5. A shaky foundation

The troubles usually occur in older homes, which may be an argument to buy a brand new one. Less charming perhaps, but fewer potential repairs.

The moves homeowners will take to hide damage are unethical and border on criminally misleading.

Frank Baldassarre, owner of Ace Home Inspections on Staten Island, N.Y., points out:

“Many sellers try to conceal water intrusion in the basement, for example, with a pile of cardboard boxes or suitcases,” he says. You could always ask the homeowner to move the furniture a few inches and shine a pocket flashlight around. If the home has obvious red flags (an odd odor or visible wall cracks), it’s not unreasonable to request removing a large picture frame to take a peek at what’s behind it.

“Always ask the homeowner when they last painted, If it was a year ago, they’re probably not trying to hide water stains.”

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Carrie Benuska, a real estate agent at John Aaroe Group in Pasadena, Calif., commented:

Homeowners have an obligation to disclose what are called “neighborhood nuisances,” but if they don’t, buyers have to rely on their word. I know people who have asked their neighbors to keep noisy dogs inside during showings or only open their homes during strategic times of the day.

She also points out:

All homeowners sign a disclosure document about their property so buyers know what they’re getting into; however, it can be very tempting for some to tell white lies or conveniently forget facts. In fact, a very large number of real estate lawsuits stem from owners misrepresenting their property.

In short, get a good home inspector and engineer, assuming they won’t lie as well.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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