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Ask The Right Questions

Don't be dazzled by a home's nice decor or pretty furnishings. Ask the serious questions that give you a true picture.

On your first visit, you'll probably spend 30 minutes checking out the floor plan, kitchen and baths, whether there is a garage and how big the back yard might be. If this looks like the home for you, get out your list of questions and start making notes.

Have your agent ask for a Property Condition Report. This should provide you with basic information on the home's mechanicals, their age and whether the home owner has listed any repairs or defects. Find out if there has been an inspection. If so, see if the home owner will provide you with a copy of the report. It is important to know whether you will need to make any major improvements or replacements to the furnace, central air, roof or electrical systems. These can be costly and a home's price should reflect the condition of such structural elements.

With this information in hand, take a second tour and include the entire neighborhood. Are there appropriate services and amenities nearby? If you have children, how close are the schools? Will you be driving to work or using public transportation? What about restaurants, parks or libraries? You will be occupying more than the house. You'll be living in the neighborhood, so be sure it has the necessary elements for your comfort, safety and convenience.

Once you've arrived for your follow up visit, pay close attention to the less obvious things such as how the home is sited on the property, the condition of surrounding homes and the home's general appearance. Take note of outstanding architectural features and landscaping that will add value.

Once inside, get down to the nitty-gritty and check out the plumbing by opening cabinet doors. Look into the utility areas of the home. Are there signs of deterioration around the pipes? Take a paper towel and check for moisture, a sign of a leaking pipe. What do the furnace and water heater look like? There are usually stickers that indicate installation and inspection dates. Find the electrical box and see if it appears to be up to code.

Ask your agent how long the home has been on the market and if there is any indication of why the current owners are selling. If possible, talk to the neighbors. They may be able to provide you with additional information on the neighborhood, even the house you are considering purchasing.

Now that you have a more complete picture, it is time to negotiate. Remember, you want this to be a win-win situation, so be reasonable and listen to your agent's guidance.

Copyright 2006 PropertySource Network



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Jeannie Hamilton
ABR, CRS, e-PRO, GREEN, GRI, SRES
Broker/Owner

Hamilton Properties
1100 Deer Trail Road
Boulder, CO 80302-9437

Office: 

303-443-9221

Cell

303-817-9988
Fax:  888-449-3611
Toll Free:  800-443-9212
Email:  jeannie@jeannierealtor.com

 


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Copyright © 2012 Jeannie Hamilton, Inc

Page Last Updated: January 24, 2012

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