Since buying a house is a big investment, it is important to ask your agent questions at the beginning of your home search. Acquiring information about the home buying process can help protect you from unpleasant surprises and increase the likelihood of a positive outcome. Here are some essential questions to ask
What Preparations Do I Need to Make Before I Can Write an Offer?
In certain areas, a property won’t stay on the market long, so you need to be prepared to act quickly when you come across your dream house. Give your agent a realistic price range of what fits your budget. Speaking to a lender and having a prequalification letter ready to go can help your negotiating position.
What Are the Costs of Homeownership?
First-time homebuyers may not be aware that the costs of homeownership extend beyond the monthly payments on the principal and interest of the loan. Expenses also include taxes and insurance, as well as utilities and maintenance. The exact monetary outlay may be difficult to estimate, but your agent can give you a general idea of what to expect.
When Was the House Last Updated?
Updating goes beyond cosmetic items and it is important to know when the systems and or other components of the home have been replaced. Inquire specifically about the age of the roof, heating/air conditioning and appliances.
How Long Has the Property Been on the Market?
Find out if the house has been languishing on the market for some time, or if the seller has received considerable interest from potential buyers. This knowledge will be of value in gauging if you have negotiating room when making an offer.
Asking your agent questions is of utmost importance when buying a home. The answers can maximize your chances of buying a home that will offer you many years of enjoyment.
If you have questions regarding buying or selling a home contact Lisa G. 704-264-4941 or Liz B. 704-607-9918.