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2016

Sep

26

9 Questions First Time Home Buyers Should Ask Before Purchasing

Buying a home can be a bit tricky. There’s so many things that go into it. Specifically, in regards to the details of the home you’re interested in buying. For first time home buyers, the process can be overwhelming. That’s why we’ve created this post. In it, you’ll find all the questions you need to ask your realtor so you’ll everything about the house you’re interested in.

Is there a valid reason the owner is selling?

Retirement, switching jobs, upgrading, and downsizing are all valid, legitimate reasons to sell a home. If the realtor gives you a reason that seems a bit strange or odd, caution should be taken. You might want to look into the situation before moving forward with the buying process.

How long has the home been on the market?

If a home is on the market for an extended period of time, it’s usually because the home is over priced and/or there’s something wrong with it. Again, exercise caution if this is the case.

How many times has ownership changed over the past?

Unless a home is in an area where workers come and go, a house that has changed ownership numerous times is definitely one that you want to avoid.

Are the sellers willing to talk?

A realtor is actually required to give you this information. Obviously they don’t want to because it can hurt their chances of making a sale, but talking the owners can be arranged. If you get the chance, you should ask them any questions that you think will help you come to a decision.

How old is the heating ventilation and air conditioning (HVAC) system?

HVAC systems cost a lot of money. The last thing you want to do is move into a home and have to replace part of or an entire HVAC unit. Asking the above question ensures that won’t happen.

How old is the roof?

Roofs tend to last to at least 30 years. If a home has an old roof, you might want to steer clear. Replacing a roof is like replacing an HVAC system—very expensive.

Has there ever been any wind damage to the home?

High winds can damage the integrity of a home’s roof. If a home is in an area where recent hurricanes, tropical storms, or tornadoes have hit, an inspection should be completed before moving forward.

Has there ever been flood or water damage to the home?

Flood and water damage can cause big time problems in the form of mold and mildew. Unless damaged areas have been properly fixed, it’s best to stay away from these types of homes.

Has there been any crimes committed in the neighborhood?

It goes without saying that you don’t want to live in an area where there’s crime. Realtors are required to provide you with this information.

There you have it—nine questions to ask your realtor before purchasing a home. Ask any, all, or any combination the above mentioned questions to ensure you know everything you can before you buy a home. Doing so will be a decision you’ll be glad you made.