Buying a house is no small thing. In fact, you should consider it as one of the biggest investments you make in life - not something to take lightly. Whether you are looking to invest in Boise Idaho real estate or buy a home for yourself somewhere in that city, you first need to ask some important questions to ensure that you are not getting the short end of the stick, so to speak.
Why is the house being sold?
This is one of the first questions you need to ask, for a good reason. Some people might be selling their home because they need to move to a new place for work, while others might be doing so because they need more space for a growing family.
The reason they provide will give you a clue as to how much wiggle room there is for you to negotiate. If the reason indicates that they need to move fast, they might be willing to accept a lower price for the home.
What else comes with the house when it is sold?
When it comes to buying a home, it helps to know what is included in the sale, especially if you are viewing a house that has been staged. Some of the things that may not come with it could include chandeliers, lawn furniture, and some appliances. Ask the seller if these are included so you can determine if you are getting a good deal or not.
How long has the house been listed on the market?
Another question that you should not neglect to ask is whether or not the house has been offered for sale for a longer period of time than most similar offerings. If the house has been on the market for quite some time, the main reason is usually overpricing.
If this is the case, you might want to renegotiate the price. Sellers are usually more receptive to negotiations when their home has been on the market for a long time already.
Are there problem neighbors?
While most people who invest in real estate find that the city is generally peaceful, it won’t hurt to ask if the homeowners have encountered issues with their neighbors in the past. These can include noise, dangerous dogs, weird visitors, and other problems.
It also helps if you get information on traffic and speeding cars in the area. You might not get a straightforward answer to this question, but you can get an idea or two by checking with the local law enforcement.
Is the house exposed to natural hazards and dangers?
Before a house is sold, disclosure statements from the seller are a must. This means that the seller must disclose everything they know about the property, including its condition and the hazards that it may be exposed to.
If there is deliberate misrepresentation in a home’s disclosure statement, the seller can be held liable. This does not mean, however, that you should not do your due diligence. If you are truly interested in a house, have it inspected before buying.
How old are the components of the house?
When you say “components” of a house, you are generally referring to the important parts that usually last longer than a decade. These include the roof, wiring, plumbing, septic, heating, and cooling systems. All of these have a certain life expectancy and knowing how long each one has been around without being upgraded or replaced will help you prepare for any eventuality. For example, if the home’s roof has been left as-is for more than a decade, you can expect roof repairs and replacements sometime in the near future.
Are there any recent upgrades and repairs done?
This is another pertinent question that needs to be asked when you are buying real estate - upgrades and/or repairs done to the house. For example, is there any structural addition, such as a patio? Or, has the house got newer insulation?
For major projects, you should ask the seller to present a building permit. After all, this ensures that everything complies with local building codes. Any non-compliance might require you to make major changes to the house, and this can cost you quite a lot.
Asking questions about a house and getting answers from its previous owner or the seller will show you the bigger picture. Most importantly, you keep yourself from buying a house that, in the end, will not truly make you happy.
All you need to do is to speak up and get some answers to these questions before you sign on the dotted line. Contact us to know more!