Don’t Put An Offer On A House Until You Ask These 5 Questions
You have found your dream home, congratulations! But, should you just put an offer on a house right away?
The simple answer is no.
Before you jump into anything, make sure you ask questions. Not only do you want to ensure you’re getting the right home, but you may also be able to negotiate better, and understand the seller better.
What Do You Ask Before You Put An Offer On A House?
Let’s face it, when we fall in something, whether a home, a car, or countless other highly valued items, we want it. However, you want to ensure that you’re getting the best price for your soon-to-be-home, while also being fair to the previous homeowner.
This is why we suggest being ready with questions prior to putting in an offer. To start you off, we’re going to give you 5. If you have other questions, be sure to write them down so that you don’t forget in the heat of the moment!
(You can also check out our Buyer Toolkit for even more resources!)
1. Why The Homeowner Selling?
There are hundreds of reasons somebody could choose to sell their home and it’s helpful to know why the house on your radar has been listed.
Whether there’s a life event such as marriage or an emergency job relocation, knowing why the seller is looking for a new home could help you at the negotiating table.
You may not always get an honest answer, but there’s no harm in seeking this information out. If the seller is looking to get out of their home faster, speak with your agent about adjusting your offer to get the best outcome for everybody involved.
2. How Long Has It Been On The Market?
From first glance, you may not notice this detail, but a home’s listing itself can be just as important as your physical home-must-have list. Most of us have the mindset that if a house has been on the market for a long while, there must be something wrong with it.
That’s not always the case.
One of the obvious reasons a home ends up on the market for months without a bite is because the listing price is above what the house is actually worth.
Sellers will quickly realize that the longer a house stays on the market, the harder it becomes to sell.
If a poor pricing strategy is a reason it’s been on the market for a while, you could stay under budget. Plus, the seller would still be getting their value, because they priced it too high to begin it. Remember: The longer the house is on the market, the quicker the seller will be to closing a deal.
3. What’s Included In The Sale?
This is an important one. Especially if you’re a new home buyer.
Households don’t always come with appliances. Sometimes they come with more than what you thought. These are things you need to account for.
You should ask about appliances such as:
Typically, anything that’s permanently fixed to the home such as cabinets, faucets, and blinds are included.
Other items you could ask about would be:
- Outdoor Playsets
- Fireplace Cover
- Chandeliers or Other light Fixtures
Be sure anything agreed upon to be included in the sale is shared with your agent in writing.
4. What Do You Want Most?
This question is more of a personal one. But, one you shouldn’t forget about.
It’s easy to get lost in wondering what your life would look like in the home you want to buy.
Go back to your first list of wants before you found this home. Does it fit your criteria? Be prepared to put some sellers on the spot.
You need to know it qualifies for not only it’s functions, but for the atmosphere you wanted. That means asking the quesitons like:
- Potential Neighbours (what are they like?)
- Average Heating Bills
- Wildlife (nuisance or otherwise.)
Not only should you ask the homeowners, but take a tour of the neighbourhood. How’s the commute?
35% of home buyers felt the commute was too long after they moved in. Don’t let the happen to you. Think about what you want and find out if the neighbourhood offers what you want or need.
5. Do You Have Permits & Backlogs For Renovations?
If you’re about to put an offer on a house that’s been renovated, pay attention to the details like:
- Floor Levels
- Door Frames
- Plumbing Fixtures
Inconsistencies are a sign that the remodel work was either done poorly or unprofessionally. How do you know any upgrades are structurally sound for your time in the home? Are copies of the necessary permits available?
The more history and paperwork you have—the better
Be Ready Before Putting An Offer On A House
This is one of While you’re searching for that perfect home opportunity, you have a strong understanding that this is the largest investment you’re about to make. How do you pick right; will you make an offer too soon and doubt your certainty on the home?
Put your mind at ease before making any more offers by asking sellers these 5 questions tried and true questions.
When you have questions for an agent or you’re ready to broaden your home search, reach out to the experts at easy Home Realty.