Wednesday, 26 August 2015

Things to consider before making an offer for a Home

If you have seen enough houses and got your heart stuck in that one particular house and you think that’s the one, you would be quite excited about making an offer and get negotiations started. If you’re buying in a tight market where sellers have the upper hand you may even feel pressured to put in an offer the moment you see a house. But, before you write that check for your earnest money deposit, you should take a little time to investigate the house and the neighborhood so you have a better idea of what you’re buying. Your Realtor can be very valuable resource in gathering information for you and getting the answers to your questions from the seller’s agent. In the interim period, you can do some of your own research:

  1. Search for neighborhood information online.
  2. Check the crime report in the neighborhood online.
  3. Check on the schools: Even if you don’t have kids, good schools in the neighborhood means that the house will maintain its value in future.
  4. Check for local & neighborhood amenities: Like whats in the walking distance from your Home such as park, supermarket, repair shops, gym, etc. and if you are interest in some particulars facilities like tennis, swimming, then check the proximity to such facilities.
  5. Visit the home at different times of day: In order to see how quite or active the area is in different times of a day or in different days of the week.
  6. Schedule a home inspection: In order to know what repairs must be made and about how much they will cost. You may also be able to negotiate from the seller to pay for such home improvements
  7. Test your commute: So that you would have an idea about the traffic pattern during rush hours.
  8. Ask about taxes, homeowner association dues, homeowners insurance and utility bills.

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