Your Realtor® can get answers to these questions:
- How long has this house been for sale?
- Has the asking price been lowered?
- Are there vacant/ lender-owned homes nearby? If so, how many?
- How does this price compare to others nearby?
- Will the house qualify for the financing I need (For instance, FHA or VA)?
- Will the house qualify for the financing I need (For instance, FHA or VA)?
- Is the seller willing to do needed repairs?
- Is the seller willing to help with my closing costs?
You can learn these by observation:
- Is the yard in good condition?
- Are the neighbor’s yards in good condition?
- How about their homes?
- Will I need to make repairs or replace something before move-in?
- Is the foundation solid?
- Is the roof line straight?
- Are there any signs of dampness on ceiling or walls?
- Are the floors in the kitchen and bathrooms solid – or spongy?
- Does the structure appear sound?
You’ll have to decide:
- Does the home have any special features that I like / don’t like?
- Do I like the floor plan?
- Is there enough room for both living and storage?
If you ask enough questions you may learn:
- Why are they selling?
- Do they have time constraints?
Some of these notes will aid in your decision making, and some will aid in negotiations once you’ve chosen a home.