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4 Important Questions You Must Ask Before Buying a House

After several months of searching for the perfect house, you have finally found a property that ticks all the boxes. Considering that this will be one of the biggest financial decisions you will ever make, it pays to dig deeper and find out everything you can about the property you’re interested in.

When it comes to real estate, knowledge is power. Asking questions will help you make smart decisions and make you feel more confident, knowing that you’re making the right move on the right house.

Here are 4 important questions you must ask before buying a house.

Why is the house for sale?

This is the key question every buyer should ask. While you may not always get a truthful answer, knowing the reason behind the sale will give you more insight into the property. Plus, it will help you determine how much room there is for negotiation.

What is the condition of the house?

A house is one of the biggest purchases you will ever make. As such, you want to make sure that the house you’re interested in is in good condition. Ask the agent or the seller if the house has been inspected prior to listing. If so, ask for a copy of the inspection report. If not, have the house inspected.

A home inspection reveals issues within the property. Knowing the condition of the property will help you come to a realistic offer. Plus, it will also help you decide whether or not you should push through with the transaction.

What is the neighborhood’s crime rate?

The safety of your neighborhood affects everything from your home’s resale value to your happiness and sense of security. Before you sign on the dotted line, it is important to be proactive about your safety.

Research the exact neighborhood you’re planning to move to. If possible, drive around the area at different times of the day to determine whether it looks like a safe place or not. Another option is to call the local police department or you can check the neighborhood crime statistics on the internet.

How long has the property been on the market?

When a property lingers on the market, most buyers assume that there is something wrong with the house. If the house has been on the market for a few months, you might be able to negotiate a lower price. But don’t expect the seller to strike a bargain with you if it’s a new listing.