Have you found the home of your dreams? Here are a few important questions to ask the seller to ensure you’re making the right decision.
IMPORTANT QUESTIONS I WILL ASK THE SELLER FOR YOU
Buying a home is often an exhaustive process. From touring endless homes looking for just the right one to the mountains of paperwork and inspections, it can be quite time-consuming.
Once you’ve found your perfect home, however, it’s important that you learn everything you can about it to ensure you’re making the right decision. Below, we take you through several questions you should ask the home seller that will help you decide if it’s the right home for you.
WHY ARE YOU SELLING?
People move for many reasons: wanting a bigger/smaller home, a birth, a death, divorce, job. While you may not get an honest answer to this question, it can help you and your Realtor negotiate a lower price if the seller is desperate to sell.
HOW LONG HAS THE HOUSE BEEN ON THE MARKET?
Sometimes the information you find on your own can be incorrect. A Realtor has access to much more detailed information. The longer a house sits on the market for sale, the less likely it is to sell because buyers think something must be wrong with it. The reality is, most homes sit on the market for a long time because they are priced too high, to begin with. Be sure your Realtor understands your specific market Be sure your Realtor understands your specific market and how to submit the kind of offer that will get you your dream-home without overpaying.
If the house you’re looking at has been for sale for a long time, the seller might be motivated to lower the price to finally get out from under it.
HOW MUCH DID YOU BUY THE HOME FOR?
This is something your Realtor should find out for you. knowing how much the sellers paid for the home when they bought it tells you whether the market has gone up or down. It also lets you know whether the sellers might be more open to negotiation. If they bought it for cheap, they might be more willing to take a lower price for it since they will still make a profit. If they are asking close to what they paid for it, however, they probably won’t want to negotiate.
WHAT’S INCLUDED IN THE SALE?
Typically, anything that’s permanently attached to the property is included in the sale. Other things such as window treatments play equipment in the yard, and appliances fall into a gray area that needs to be spelled out in writing. Your Realtor should be certain your purchase agreement includes everything that’s staying in the home or on the property and double-check that the sellers left these things behind as agreed.
WHAT KIND OF NUISANCES ARE THERE IN THE NEIGHBORHOOD?
When you move into a new home, you also move into a new neighborhood. While the home may be perfect, the surrounding neighborhood could be anything but. Ask the sellers about things like problem neighbors, speeding traffic, etc. to get an idea of what the neighborhood is like before making the commitment to move into it.
WHAT DID YOU LIKE MOST ABOUT LIVING HERE?
This might seem a tad personal, but if the seller answers the question, you may learn something positive about the home that you didn’t know before like the tight-knit community around it, how the sun shines through the windows in the morning, or how lovely the wildflowers on the hill are in the summer.