There are three main points to this process. And it is very crucial that you hit all of these points to make sure you are making a good decision for yourself. To make this a positive process you must ask questions rather than just falling in love with a house and signing the papers. Here are the three major points;
•Offering price
•Condition of the home
•Location of the home
Here are some of the questions that should be asked for each area..
Offering price
•How much are similar homes in this area selling for? This is an important question to ask to make sure you are getting the best deal possible. If you are getting a house that is priced high for that area , not only are you spending money that could have still been in your pocket but this house may also be really hard to resell.
•How many offers have the sellers received on this home? The reason this question can be very important is because either the sellers are very firm on their asking price or it also could mean the house is overpriced. They could also be partial to making a decision to actually go through with the sale. This could very well mean a lot of unnecessary used time and stress.
•How long has it been on the market? This could be a good sign or bad sign. Let’s say the house has been on the market for a very long time but looks reasonably priced. This could mean that there are serious problems with the property. Anywhere from structural damage to location. Make sure you look into this kind of thing. If it has been on the market for awhile it could also mean it’s overpriced or that the owner having a difficult time deciding to sell. If the house has only been on the market for a little while this just might mean you are one of the first to get dibs on this home!
Condition of the home
•Does the home have insulation in the walls and attic? This is an important question because it could end up saving you loads of money. Insulation helps keep your utility bills low while also keeping you warm. This is definitely something you want to check into. It could end up saving you a lot of money down the road.
•What kind of foundation does the home have? Definitely get this part checked out by an engineer. Depending on the house’s construction and what kind of foundation it has, a lot of things can possibly go wrong. Foundation problems are a lot more stress and money than the average person is willing to deal with.
•What is the condition of the roof? Ensuring that the roof is in good shape can also end up saving you a lot of money and stress. Replacing a roof can be very costly and if it’s not taken care of the structural of the house could be in danger.
Location of the home
•What’s the neighborhood like? Make sure that the neighborhood is going to suite your family. Is it safe for you or your family? Does it stay quiet at night, Ext.? After all when you purchase a home you can’t just leave at the drop of a dime if you don’t like the area. So make sure the area is going to suite you.
•Where are the schools located? If you have children or are planning on having children that are attending/ going to attend school this is important to look into. You want to make sure you’re in an area where the school you want your child to attend is located.
•What kind of properties are nearby? Make sure you’re not located next to anything that will disturb you and your family. Also make sure that you are close to businesses that you will need to have around.
Conclusion:
Make sure you are asking these questions to make your home buying a great experience. Also to make sure that you end up with a home that is going to suite all of your needs in life and not cost you too much money.
Author Resource:
Jamie Mades is a Realtor in Colorado Springs specializing in residential real estate and relocation services. He is also founder and owner of Colorado Springs Team Real Estate, Inc.
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