Fooled into satisfaction by the fact that they can make a larger down payment on a new home with funds received from the sale of their “old”, some sellers fail to address negatives on their credit reports and thereby suffer such consequences as higher interest rates and additional costs associated with obtaining their new home loan.

When looking for a home, most house hunters know to ask about the age of the roof or the boiler, or whether the schools have a good reputation. Many hire inspectors to check the infrastructure of the building itself.