Real Estate

Points to Ask When Purchasing a Home

One of the big decisions in life is selecting the kind of house that you’ll live in.  You cannot just decide on this at impulse.  There are factors that should be met before giving that very important go signal.  It’s good to be led by some relevant questions that you can use as a basis for getting the best place for your folks.  Such questions will determine whether a place is applicable for your needs and are in your expected range of costs.  Below are a selection of the common questions that will color your call.  When you go out and look for that house, be sure to ask these questions and the answers will serve as your foundation for your decision. 

There are 3 classes of questions that you can ask as a home buyer.  You can ask about the price, the location and the home condition. 

With respect to the price, you can ask how much did the vendor pay for the house.  You may indirectly ask the query or you can fish for the info based mostly on the flow of your discussion.  This info is necessary for you to find out whether the home values in the area have gone up or down.  With this info, you will also be able to decide if a property is a foreclosure problem.  If this is so, you may have an issue securing financing for a minimum of ninety days.  You also have to ask how much does the seller still owe.  If the amount is higher than the asking price, it is a short sale and is just bringing cash in for closing.  Another thing worth asking is the price of the homes within the neighborhood.  The comparable and competitive sales are the bank’s basis for computing the property value .  You

also need to ask how long is the home sold in the market.  If it is in the market for more than sixty days, you can easily barter for a discount. 

The disposition of the home is also a vital factor in making your crucial decision.  You have to check how old the roof is.  Newer roofs can still last for fifteen to 50 years depending on the quality of the materials used.  It is also worth asking the seller the type of foundation used.  Raised foundations and homes with basements can provide easy access to electrical and plumbing.  You also need to ask when the last time the plumbing and electric connections were replaced.  With this type of homes, upkeep and installation will cost less for you.  Also, you have got to know if the house has insulation both in the walls and the attic.  If this is so, you won’t have issues during colder seasons. 

Finally, questions about the location are similarly important.  You can check on the type properties in the neighborhood and the demographics.  You can talk to some neighbors to determine the type of community that you will be living in.  Are the faculties near?  What about the church?  Are there recreational areas that are accessible?  How about the traffic condition?  These could be minor questions but these are important concerns when you decide to live in the neighborhood. 

Asking the above questions will help you make a carefully thought call and you will not be wasting precious time making a big mistake.

Need to buy or sell a home in the Bothell, WA area? Check out Bothell Homes.

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