Here Are 8 Key Questions to Ask When Buying a House
For many people, homeownership is a significant milestone in their life. Not knowing the right questions to ask when buying a house is financially unwise.
Questions to Ask When Buying a House
How Much Can I Afford?
This question may seem to be the most obvious every potential homebuyer should ask. But, unfortunately, it’s not unheard of a person falling in with a house for sale without looking at their finances.
How Much Are Property Taxes?
Although the home’s purchase price may be attractive, it’s essential to account for property taxes because they vary from neighborhood to neighborhood.
How Much Are Closing Costs?
Aside from making a down payment on the house, there are closing costs to complete the real estate transaction between the buyer and seller. These closing include an origination fee, title search, title insurance, and appraisal fees.
Why Is the Seller Leaving?
Usually, people sell their homes to upgrade to a bigger house or downsize because they are empty nesters. Another reason is their employer is relocating them to another city for work.
How Old Is the House?
Homes built decades old are not necessarily up to the house standards today. For example, there could be potentially hazardous threats in the house, such as lead paint or asbestos, that you would prefer to keep away from your family.
What Items Are Staying With the House?
Buyers shouldn’t assume everything they see comes along with the house. Sellers stage their homes to help convince potential homebuyers to make an offer on their house.
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