Sunday, 22 October 2017

Looking to Buy: Everything You Need to Ask at an Open House

Written by Posted On Tuesday, 27 December 2016 22:59

If you are looking to buy a home, you will want to schedule a showing to look at it in greater detail. In some cases, a seller will hold an open house, which means that you can take a look at the house without the need for an appointment. What should you ask the seller or the seller's agent while there?

Be Sure to Ask About the Age of the Home

One of the most important questions you should ask is how old the home is. Older homes may not have finished basements, may be laid out in an awkward manner or still have the original chimney on the roof. While all of these issues can be resolved, those looking for a turnkey property may not want to spend the time and money it may take to renovate an older property.

How Old Are the Main Components of the Home?

In addition to asking how old the home is, you should ask about the age of the home's most important components. If the roof is 20 years old, the siding hasn't been replaced in 30 years or the water heater is 15-20 years old, you may be looking at expensive repairs in the near future. However, if the roof has just been replaced or the furnace is brand new, you can feel good about living in the property no matter when it was built.

How Many Offers Have Been Made on the Home?

A home tends to go for more when there are multiple offers on the property. Therefore, it may be a good idea to ask how many other offers have been made or how many others have expressed interest in making an offer. This will tell you whether there is any urgency to have an agent, such as one from Re/Max of Boulder, Inc., create an offer sheet right away as well as whether or not you could afford any potential bidding war that may ensue.

Ask Questions About the Neighborhood

A nice house in a poor neighborhood is one that you may want to stay away from. Ideally, you will find a property in an area known for its good schools, safe streets and proximity to major highways. You may also want to ask about the personality of your neighborhood. Are the people inviting? What is the local culture like? Is there anything unique about it that you ought to know about?

 

If you want to get the most house for your money, you need to do your research. This means taking the time to visit an open house and ask the seller's agent as many questions as you can to make an educated buying decision.

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