Questions To Ask Before Buying Real Estate

Buying real estate from an agent like Westerville Ohio Realtors is sometimes a once in a lifetime thing for many people. Just like shopping for anything else, you must be prepared. Do your homework. Research. Research. Research and ask the right questions. Write your questions down on a piece of paper if you have to. Here are some questions you should ask before buying real estate.

Why is the seller selling?

This is probably the very first question you want to ask. Why is the seller selling? Is there a problem with the property? Are they in a hurry to sell? If yes, perhaps you could get a better price for the house.

What is included in the sale?

Are fixtures and furniture included? Sometimes what you see is not what you get. The house owner may be selling the property bare and removing the lovely fixtures you saw. Ask exactly what is included. Request for an inventory list so you know exactly what you will be paying for.

Is there any problems in the house I need to know about?

One of the worst things you can do is to inherit the problems of a second hand property on the market. Leaking roofs, termites and other problems can be very hard to fix. In fact, when you view the property, make sure you check the ceiling and walls for water stain signs and termite trails.

Has the old owners done any refurbishing lately?

Ask specifically about water pipes and electrical wiring. When was the last time these were fixed or changed? Be aware on whether you will need to do any rewiring and factor those into the price that you want to pay.

Is the price negotiable?

This will give you a better idea on how flexible the seller will be on the asking price. You should also ask how long the property has been in the market and the market price for real estate in the same area

In addition to asking these questions, you should also drive around the property. Look at the neighborhood stores and public conveniences. Talk to the neighbors. Make sure you do all these research and choose carefully, like you would a life partner. After all, your house will be something that you will be living in for most of your life.


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