How can you determine if a property that piques your interest is a great property while you're house hunting? At the best of times, purchasing a home may be overwhelming, and finding the right home requires research. That's why we've compiled a list of the best questions to ask your real estate agent to make sure you don't have any unforeseen problems and one that meets your long-term needs.
1. How old is the house?
Inquiring about the property’s age allows you to determine whether it has a strong structure and quality construction. While having older houses requires more maintenance and might require you to renovate and can be costly.
2. Is the home prone to major disasters?
Make sure that the house you buy is not located in a high-risk flood zone, a common area for Earthquakes and Typhoons or other major disasters. Another tip is that you must get insurance to cover the unexpected events.
3. What costs should I anticipate after purchasing a home?
We all know how expensive it is to buy a home. You must pay closing costs, moving expenses, and even purchase new appliances or furniture in addition to your down payment. You'll have to pay property taxes, utilities and the list goes on.
Instead of being surprised by unexpected costs, it is the best time to discuss with your Real Estate Agent the after-purchase costs so you can be prepared for and enjoy your new home.
4. Why is the house for sale?
Knowing the reason behind the sale is a piece of vital information and can help you avoid future problems. When it comes to bargaining, this could be your secret weapon.
5. Is the seller’s asking price flexible?
Ask your agent if the seller is open to negotiating the asking price. There’s a risk of offending the buyer and losing the chance to buy the house, especially in a SELLER's market environment.
6. What is included in the sales price?
Make sure to ask your agent what is included with the home, aside from the fixtures – cabinets, faucets, lights, and windows that are usually included in the sale. Check with the seller if they are willing to negotiate on what should and not be included in the sale.
Property Shop agents can assist you with any questions you have regarding your next house purchase, contact us online or give us a call at +1 (671) 929-8331.