It is essential for potential homebuyers to ask these questions and conduct thorough research to ensure they are making an informed decision about the property. By asking the right questions and doing due diligence, buyers can avoid potential pitfalls and make a confident purchase that aligns with their needs and expectations.
Here are 10 questions that you should get your agent to find out before you make an offer.
1. What is the current condition of the property? Are there any major repairs or renovations needed?
2. Is the listing price fair and in line with current market value? Have there been any recent price adjustments?
3. What amenities does the property include? Are there any additional features or upgrades that set it apart from other listings?
4. What is the property's history in terms of previous owners, maintenance, and any past issues such as structural damage or pest infestations?
5. What is the neighbourhood like? Are there nearby schools, shopping centers, parks or other attractions? What is the crime rate and overall safety level of the area?
6. Are there any hidden costs or additional fees associated with owning the property, such as liens, dues, property taxes, or maintenance fees?
7. What is the average utility costs for the property? Are there any energy-efficient features that could help save on monthly bills?
8. Have there been any recent renovations or updates to the property? When was the last time major systems such as the HVAC, plumbing, or electrical were serviced or replaced?
9. Are there any pending or potential issues with the property, such as zoning restrictions, noise ordinances, or pending assessments that could affect the overall value or livability of the property?
10. What is the seller's motivation for selling the property? Are there any specific terms or conditions that potential buyers should be aware of before making an offer?
Posted by Kathy Gordon on
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