Buying a new and reliable house is a huge responsibility that must be carried out with utter care. There are various things to be inspected before making any commitments. Buying a home without the help of a realtor can be a complicated process. Dealing with all sorts of sellers, searching a home that suits your budget and requirements and going through paperwork can be tricky.
Therefore, it is recommended to rely on the services of a realtor that ease the process of choosing your dream house. But there is another thing to keep in mind when you are searching for your new home-questioning!
Finding the right house in the budget involves a lot of research, so you will need to ask a lot of questions to decide for yourself. Besides, you need a realtor by your side who can help you with the research work and evaluate the answers given by sellers. Here are some questions that you must ask the seller before buying a house-
1) What is his total budget?
It is a waste of time to look for the houses that are out of your budget. When it comes to buying a house, it includes additional costs that cover property taxes, homeowner’s insurance and association dues, ongoing home maintenance and any renovations you want to do. Hence, you must discuss these points with the seller to know what he inserts in the budget. Your realtor can provide you with the list of the houses that matches your budget to simply the process.
2) How long has the house been on the market?
It is a smart move since the longer the house remains on the list, the more flexible will the owner be to negotiate on various terms to make a quick selling. Most of the time, a house will languish on the market if it was priced too high initially, resulting in the price reduction; therefore,
you can find the flexibility to negotiate the price, contingencies, terms and credits.
3) How is the neighbourhood?
Selecting the neighbourhood is as essential as choosing the right house. You must ask some questions regarding the locality from the seller- is it quiet or noisy? Are people cold or friendly? Does it have a low crime rate? Is it near to the public transport and main markets? If you are curious to know more, then go and check the area yourself. Besides, some realtors provide the list of neighbourhoods for buying a house that are reputed and safe.
4) Were there any significant renovations in the home?
Sometimes, property records don’t match with the listing description. For instance, a room must not be mentioned since it was constructed violating the codes. Hence, ask the seller about major renovations made to the house since owning the home. Request him to provide original manufacturer warranties on any appliances or systems that have been replaced. Knowing the improvements made to the house can help you gauge the conditions and contemplate the selling price.