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Article #197: What To Ask When Looking At Potential Homes

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Buying a house can be an intimidating and has typically done everything reasonably
overwhelming experience. Here are some possible to spruce up the home. If you
key questions to ask yourself and sellers can see wear and tear on the house, it
before plopping down a down payment. may be a red flag. In such a situation,
What To Ask When Looking At Potential you need to get a home inspection to make
Homes sure there aren't problems in areas you
Following is a list of general questions can't see such as mold, rust and water
you should always ask when considering leaks.
making a real estate purchase. Keep in 6. If you have children or are planning
mind, however, you are unique. on it, you must investigate the school
You have particular dislikes and likes as district. Are the schools good? Are there
well as factors in your life that are gangs or crime in the area?
different than other people. The point I 7. In addition to the home price, you
am trying to make is that you shouldn't should ask whether there are any
stick to just these questions. You are additional fees such association fees.
making an important choice, so give some 8. What are the property taxes and what
thought to your situation. will they be when you buy? Many people
1. Don't rush into things. The first are shocked to find out how much they
question to ask should be directed at have to kick out in property taxes. Don't
yourself. What type of home do you want? get surprised.
How big should it be? What amenities do 9. Zoning and easement issues are often
you want? Are you planning for a family overlooked when buying a home. If you are
in the next three to five years and will buying in a neighborhood with many homes,
the home be able to accommodate a new zoning is undoubtedly going to be for
bundle of joy? Make a definitive list and residential living. Easements, however,
stick to it. If you stray from it, you can be nasty surprises. Find out if there
could end up with a house that doesn't are any easements on the property. An
really fit you and suffer buyer's easement gives a third party the right to
remorse. use of part of the property. This can
2. The next question is what area do you include giving the neighbor the right to
want to live in? Pick a few. You may find do something or a utility company to
the prices to be excessive or the place structures on your prospective
selection not so hot, but make sure you property.
exhaust those areas before moving on. 10. Noise is another big issue to
Again, you want to avoid buyer's remorse. consider. If you are serious about the
3. Once you start looking at homes, a key property, make sure to drive buy on
question to ask is how long the house has weekdays and weekends. If the property
been on the market. The amount of time shares a wall with another residence,
will give you an idea of how flexible the such as a duplex or condo, make sure you
owner is on price. If the house has been view it while the neighbors are home to
on the market for a month, the owner get an idea of how loud it is.
isn't going to be very flexible. If it 11. In the euphoria of buying a property,
has been on the market for six months, practical issues can be missed. A big one
flexibility will definitely exist. is traffic. Specifically, what is the
4. Has the house previously been in commute like between the house and your
escrow, but fell out? If so, find out place of work? You don't want to buy the
why? Was it a problem with the buyer house only to find out it takes three
getting financing or did the buyer find hours to get to and from work each day.
out there was something wrong with the Obviously, you should be asking many
home? additional questions before making a
5. What kind of condition is the house in purchase. These 11 questions, however,
and how old is it? Remember that a seller will help you get started.






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