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House Hunting 101: 11 Questions You Need To Ask Before Buying

Monday, October 31, 2022   /   by Addison Cassady

House Hunting 101: 11 Questions You Need To Ask Before Buying

House Hunting 101: 11 Questions You Need To Ask Before Buying
Key Takeaways:

· Home buying can be emotional, but it's important to remain logical and look at things objectively.

· If a property is perfect in every way but slightly out of your budget, ask yourself if it's worth stretching your finances.

· As the buyer, you should plan to be present for the inspection to ask questions and better understand the property's condition.

· Each seller will have their reasons for selling the property. Knowing these will help you negotiate a better deal with the seller.

· There are several reasons why you'd want to buy a home. For instance, you'll build equity in the property as you make mortgage payments.

Owning your own home is an exciting prospect, but ensuring you're ready for the commitment is essential. Home buying is a big decision and comes with various considerations.

So, before viewing properties, ask yourself or a professional realtor some crucial questions. These questions will help determine if buying a home is right for you. Moreover, they will also ensure that you consider all your options before making such an important decision.

Essential Questions You Want to Ask Before Buying a Home.

1. What Should You Look for When Browsing Through Properties?

When choosing a home that fits your price range, sometimes the professional realtor might suggest a property that exceeds your budget, but best meets your other requirements.

In case you don't have the flexibility to move your finances, you want to be 100% certain about the decision you're about to make.

Home buying can be emotional, but it's important to remain logical and look at things objectively. If a property is perfect in every way but slightly out of your budget, ask yourself if it's worth stretching your finances. A professional realtor will have your best interests at heart, so ask them for their opinion.

Here's some more information to help you find your dream home.

2. How Long Do You Plan on Staying in The Property?

This is essential to ask as it will affect how much money you put into the home. For instance, if you plan on selling the property within a few years, you might not want to do any major renovations.

House Hunting 101: 11 Questions You Need To Ask Before Buying

3. What Are the Must-Haves?

Start by creating a list of things that you need in a home. This might include several bedrooms and bathrooms, a backyard, or a specific location. Once you have your must-haves, you can start looking at properties that fit those criteria.

4. What Or Who Should You Bring When Going for A Home Inspection?

A home inspection is an essential step in the home-buying process. A professional realtor will examine the property during this inspection to look for any significant issues.

As the buyer, you should plan on being present for the inspection. This way, you can ask questions and get a better understanding of the condition of the property. You can also bring a camera for taking pictures of issues during the inspection.

In some cases, you may decide to give the property a visit on your own. If you choose to visit the property on your own, bring a friend or family member with you. It's best to bring someone with you when inspecting a property in case of any safety concerns. When visiting the property, be sure to take note of the following:

· The condition of the exterior of the property (including the roof)

· The shape of the interior of the property

· Any damage that is present

· The state of the plumbing and electrical systems

· The condition of the appliances, floors, and walls

· Any strange smells that are present or noise that is coming from the outside and inside the property.

It's also advised that you don't bring younger children to a scheduled home viewing. It's because they tend to get bored and often demand attention when you must be focused on the property.

5. Why Is the Property Being Sold in The First Place?

Each seller will have their reasons. Someone might not like their neighbors, while others require a home closer to work. Knowing this will help you negotiate a favorable deal with the seller. If the seller is highly motivated to sell, they might be more willing to accept a lower offer.

6. What Repairs or Cosmetic Changes Will the Property Need?

Be sure to ask a professional realtor for their opinion on what kinds of repairs or changes the home will need. They should be able to offer you an accurate estimate of how much these things would cost. You wouldn't want to be surprised by unexpected costs after purchasing the home.

7. What Is the History of The Property?

Knowing everything about a property is essential before making such a large purchase. A professional realtor will often have access to historical data that can tell you how often the home has been sold and for how much.

These records can also include information on any past repairs or renovations that have been made to the property. This is valuable information as it will help you budget for the necessary future repairs.

It's also helpful to know about the property's history to understand why the current owners are selling. In some cases, there may be red flags that you wouldn't want to ignore. For instance, if a home has been sold multiple times in a short time, that could indicate serious problems with the property.

8. Is The Property Situated in A Prime Location for You?

Location is perhaps the most influential factor when making a home-buying decision. It determines your distance from work, schools, and other essential places. It also affects your commute, which is something you'll want to take into consideration.

9. How Will You Get Pre-Approved for A Mortgage?

You'll need to get pre-approved for a mortgage from a financial institution before you even start looking at homes. It demonstrates to sellers that you're a stern buyer and estimates how much you can afford to spend.

10. Why Buy a Home Instead of Renting One?

There are many reasons why you might want to buy a home instead of renting one. For one, you'll build equity in the property as you make mortgage payments. You'll also be free to make changes and renovate the home as you see fit.

Moreover, by the end of 2022, interest rates are projected to rise. That means now is an excellent time to buy before prices become too expensive.

11. What Kind of Home Is Best Suited to Your Needs?

When buying a home, it's essential to consider your needs. For instance, you may want a yard in your home if you have children. Or, if you plan on entertaining guests often, you might want to buy a home with a spacious living room.

Needs may also vary depending on your stage in life. For instance, young couples just starting might want to buy a small home they can afford. Meanwhile, retirees might want to buy a home with features that make life easier, such as single-level living or a house close to amenities.

A professional realtor can help you assess your needs and find homes that best meet them. You can also get valuable insights about the home buying process, including financing options and negotiation strategies.

Kathy Hames Team, West USA Realty provides extensive property listings for homebuyers in Goodyear, AZ. Please browse through our featured listings to find the best property for your needs.

Get in touch today for more information!

Kathy Hames Team | West USA Realty
Kathy Hames
2920 N Litchfield Rd #100
Gooodyear, AZ 85395

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