Buying a home can be stressful and create a lot of self doubt.
Without the proper foresight before purchasing a home, you are at risk of making a poor buying decision or at the least being insecure about whether or not you are actually getting a good deal.
By hiring a good realtor and consulting with him regularly, you can feel confident in your decision.
In order to be fully prepared when buying a home, ask your realtor these four questions.
What Condition Is The House In?
First and foremost, ask your realtor what condition the house in question is in.
Just the same as almost anything, you can’t always judge a book by its cover. In other words, ensure the home is well constructed, updated with the proper restorations and contains all of the necessary essentials, such as proper heating and air, a quality roof, etc.
If you have a trusted, proven realtor, then you can feel confident that he will notify you of any concerns with the infrastructure of the home as long as you ask.
Are There Any Infestations of Termites?
While there may not be any concerns with the condition of the home at the moment, that can quickly change if the house is infested with termites, which can cause a lot of damage on the floors, walls and roof of a home.
If termites are caught early before they cause a lot of damage, they can easily be treated and isn’t necessarily a deal breaker on whether or not you should buy the house. However, if you do not enquire about and have a professional check for termites, then you can find yourself in the midst of expensive termite repairs within a few years.
How Much Have Comparable Properties Sold for?
The number one cause of insecurity surrounding new homeowners is whether or not they bought their house for the right price.
Due to this, be sure to ask your realtor about recently sold comparable properties in your area before you purchase the home you’ve had your eye on.
If the price is fair, then you can feel good about your decision. If the price is not fair, however, then you and your realtor now have leverage to negotiate the price down to a more reasonable offer, especially if the home has been on the market for several months or longer.
How Are The Schools in the Area?
Buying a home is usually a 30+ year commitment, so you need to make sure you are prepared for the long haul.
If you already have kids, then the quality of the school systems in the area is probably one of the first questions you will ask your realtor. However, this tends to be an overlooked question with individuals who aren’t married or married couples without children.
Since purchasing a home is a long term commitment, be sure to plan for the idea of one day having children, even if it isn’t in the foreseeable future.
EXIT Realty Bob Lamb & Associates is Murfreesboro’s most innovative real estate team.
EXIT Realty Bob Lamb & Associates
2630 Memorial Blvd, Murfreesboro, TN 37129