Tuesday, November 8, 2016

3 Important Real Estate Questions that Homebuyers Often Forget To Ask

Buying a home can be an exciting experience, albeit it can be plenty overwhelming at times. After all, the process involves a serious commitment, a huge investment, and there are so many details to keep track of. With so much to take in, it can be easy to forget some of the important details about the home that you intend to purchase. To avoid making a grievous mistake, here are three real estate questions you should never forget to ask the home seller or his agent.
What’s the sales history of the house?
Knowing the property’s sales history can offer important information about how much current and past owners paid for it. This can give you a sense of how much the sellers expect you to pay.
What are the monthly maintenance and utility costs?
Find out how much upkeep the home requires, and if there are any extra fees that you should worry about, such as homeowners associations fees and the like. What kind of power does the house use, and what is the average monthly bill? This can tell you if the home’s expenses are within your budget or not. Does the house come fully furnished? Learning about the warranties on the appliances can give buyers an idea on when they might need to be replaced.
Are there any previous problems with the house, such as plumbing issues or pest infestations?
Aside from sales history, you also need to know the property’s actual history. If the home has experienced massive problems before, have they been completely taken care of, or is it possible that they can keep coming back? Some problems are deal breakers for homebuyers, so it pays to know the potential issues that you may face.
10 Essential Questions to Ask When Buying a Home (That You May Have Missed), realtor.com