the Month - May, 2021
WHAT IS A RED
Source: Red Flags-Property Inspection
By: James C. Prendergast
A Red Flag is a visual sign or
indication of a defect in a structure or property. Certain visual signs in themselves are
not clear indications of defects, but if observed in
multiple numbers, especially in the same approximate
location, they probably point to the existence of a Red
Flag condition. Safety hazards like other defects, are
Red Flags and should be disclosed. Because most property defects develop
over a period of years, the age of the structure should
be kept in mind during the inspection process. The
Broker or Agent must evaluate the information obtained
during the inspection relative to the age of the
structure. Older structures (10 years or older)
will show much more evidence of problems if problems
exist, especially if maintenance has been neglected.
Very young structures (0-3 years old) pose
a special problem. Not enough time has passed for
the ongoing effects of a defect, if one should exist, to
cause visible damage. Therefore, serious problems
may be undetectable while a home is still young.
If symptoms of distress are seen in a new home it is a
sign of a possible severe and fast moving defect.
RULE OF THUMB
Red Flags are much more worrisome if found in a new home
and a lack of Red Flags is much more impressive in an
web page was updated on 04/30/2021.