The home buying process brings with it a number of emotions. Excitement, anxiety, and stress can alter even the most logical, thoughtful minds and thus make it difficult to gather the appropriate information prior to making an offer. Attending open houses and doing ample research online is a great way to sink your teeth into the general process, but there are certain questions that must be asked when buying a house. In doing so, you are protecting you and your family from future challenges before you sign on the dotted line.
From the previous homeowner to the home’s agent to the neighbors, asking the right questions is absolutely critical. The following are some of the most important questions to ask when buying a home:
- What is the property’s sale history?
- Are there any association fees or membership requirements?
- In today’s market, what is the property’s worth? What are the comparable sales (“comps”) in the neighborhood?
- Is the asking price negotiable?
- How much are the property taxes?
- What is the average cost of the monthly utility costs and maintenance?
- What condition is the house in and what type of repairs will be needed?
- Is the home in a good location as far as work commutes, school zones, and general noise levels?
- What major renovations have been made to the home?
- How long ago, if ever, was the roof replaced?
- Are there any concerns with pests, termites, or any other infestations?
- What documentation do you have for warranties on things like mechanical systems, appliances, garage door, etc.?
The home buying process is overwhelming and thrilling, making preparedness essential for anyone looking to purchase. If you and your family are considering entering the real estate market, contact the Law Office of Brenda Murzyn, P.C. to speak with an experienced, knowledgeable residential real estate transactions attorney.