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Important Questions To Ask When Buying A Home

November 9, 2010

P R O P E R T Y   S E A R C H

R E S T I V O – H E C H T M A N    T E A M

Buyer's QuestionsOnce the Restivo Team has found you a home you really like, there are some questions you may want to ask. A home inspection will answer many of them, but make sure you know everything that’s important to making the decision.

Some general questions include:

  • When was the home built?
  • How many owners has it had?
  • How does the asking price compare to the other homes for sale in the area? (We will pull comparable properties in the area as a basis to answer this one).
  • When was the home purchased and what did the property sell for when the current owner bought it?
  • Is there an existing mortgage on the home? Is it assumable?
  • What are the annual property taxes? Will the taxes increase when the deed is transferred and it’s sold at a new price?
  • Is there a builder’s warranty on the house, and if so, what are the details of the warranty?
  • Will there be additional homes or structures built around the home that might affect the view from the home?

There are some internal and external things to inquire about:

  • What level of ground maintenance is required?
  • Are there any problems with the outside of the property (for example-visible roof damage, issues in the pool, etc)?
  • Are appliances built in?
  • Is there enough insulation in the home?
  • What upgrades/additions has the current homeowner made to the property since they purchased it?
  • What appliances are included in your purchase?
  • What’s the condition and age of all the major systems in the home (electrical, plumbing, cooling and heating)?
  • What is the average monthly cost of utilities? What are the summer and winer highs and lows?
  • Are there any major repairs that need to be done to the property before it’s liveable?

Again, many of these questions will be answered in a home inspection. The Restivo Team will recomend inspection companies for you, as well as inquire about these and any other questions which may arise during the process. It’s a GREAT time to buy, so don’t miss out. Give us a call today…let’s get started!

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