What an exciting time in your life – you’re buying a new home! It’s easy to get carried away with all the excitement. But that also means that, you need to think carefully about your decisions. You’re sure to find a home that you’ll fall in love with. Many times when that happens, people will let their emotions take over and not ask the important questions that need to be asked before buying a home. Doing so can lead to a great deal of buyer’s remorse.
What are the most important questions to ask when buying a home? Here’s a few to consider.
Are There Issues?
It’s easy to look over all the imperfections of a home you want. But finding out potential issues is a critical step that can’t be skimmed over. Make sure you get an unbiased inspection of the home before making any decisions.
What Is the Home’s Market Value?
This is a big question, since it will determine how much you offer for the home. Knowing the market value will help you make a solid offer. Even though there’s no magic formula for making an offer, the market value is certainly the biggest factor in making a decision.
How Much Did the Seller Pay For the Home?
Many people buy homes to flip them for profit. Even if they made improvements to the house, it doesn’t mean that will increase the value. Knowing how much the previous owner paid will give insight into whether or not the home is overpriced.
How Long Has the Home Been on the Market?
The motivation level of a seller can sometimes be determined by how long the home has been listed. Sure, the agent can affect this factor. But you can have your agent can look to see how many times the home has been relisted and the pricing history.
Click here to find more important questions to ask when buying a home. And always feel free to call me for expert advice.