Buying a home entails a lot of digging – not just when it comes to the property but also when it comes to its history. The last thing you would want is to move into a home with many issues. These issues might not be with the house itself, but could be noise levels or unsavory neighbors. This is why before making an offer on a property, it’s prudent to ask pertinent questions, such as the following:
1. What are your reasons for selling the home?
Knowing their reasons can give you more insight as to the condition of the house or how you might be able to negotiate the buying terms. If the sellers are in a rush to move to a new place, they might accept the first offer they will get. This can also give you an idea of how much to offer to make it more competitive, especially when there are many other potential buyers.
2. How long have you been trying to sell the property?
Real estate agents in Burnaby can also answer this question. A property that has been in the market for a long time may have some issues, and this can drive its market price down. You might also need to do your due diligence and find out why no one is snatching the property up. This can give you more bargaining power.
3. Can you tell me what the sale will include?
One of the mistakes buyers make when purchasing a property is assuming that it already covers everything. But you need to know whether you will be asked to handle the closing costs. In some cases, sellers will want to sell the property fast and will handle the closing costs. This should be clearly stated in the terms.
Also, find out if the things you see in the house are included, such as furniture and fixtures. This gives you a better idea of how much the house will truly cost you.
4. Have you done recent repairs and upgrades on the house?
If there have been recent issues with water damage, you might deal with mold infestation. An inspection can help determine what possible issues you may face in the future. It also helps to find out if the owners did upgrades in the house and who handled these upgrades. DIY jobs, especially in plumbing and HVAC systems, can mean potential problems down the road.
5. What do you like and dislike about this neighborhood?
Learn more about your future neighbors. Are there issues with noise? Is it a busy street? What is the crime rate in the area?
Knowing these things can help ensure that you are buying the property that is right for you. But also make sure you get the help of real estate agents in Burnaby, such as Brandon Gee-Moore, to help with the home buying process.
Smith Jones is the author of this Article: To know more about real estate agents Burnaby please visit the website.
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