10 Investigative Questions to Ask a Home Seller
- Why Are You Selling?
- Length of Time on Market.
- Previous Selling Prices.
- What Is Included in the Sale?
- Area Nuisances and Neighbors.
- Lead Paint and Natural Hazards.
- Past Problem Conditions.
- Age Of Components.
When you’re buying a home, the most important questions to ask are about price, condition, and location. Remember, real estate markets are subject to swings; it can be a seller’s market, buyer’s market, or neutral market. But regardless of when you’re buying, don’t be rushed by external conditions.
- 1 What questions should I ask the seller when buying a house?
- 2 What to check in a house before buying?
- 3 What should I ask the seller at closing?
- 4 How do you get a seller to accept a low offer?
- 5 How do you figure out what you want in a house?
- 6 What’s the best month to buy a home?
- 7 What should you not do before buying a house?
- 8 How long can a seller delay closing?
- 9 How long is final walk through?
- 10 Who pays what at closing?
- 11 What should I not tell a real estate agent?
- 12 What is considered a lowball offer?
- 13 Can you offer 10 below asking price?
What questions should I ask the seller when buying a house?
Top 10 Questions to Ask a Home Seller Before Buying
- Why are you moving?
- What are the average expenses?
- How are the local schools?
- How much did you pay for the home?
- Have there been any major repairs?
- Were there any structural changes?
- How long has the home been on the market?
- What’s included in the home sale?
What to check in a house before buying?
8 Critical Things to Check Before Buying a Home
- Check That All Appliances Work.
- Bring a Phone Charger to Test the Outlets.
- Take a Peek at the Electrical Panel.
- Open and Close All Windows and Doors.
- Test Toilets, Sinks, Showers, and Baths.
- Scout Out Areas of Potential Leakage.
- Pay Close Attention to Basement Walls.
What should I ask the seller at closing?
6 Questions to Ask Your Home’s Seller Before Moving In
- What’s the history of the house?
- Where to go and who to know?
- What surprised them when they moved in?
- Where is it and how does it work?
- Is there anything you’d like to leave?
- What did I forget to ask?
How do you get a seller to accept a low offer?
How To Get A Seller To Accept Your Lower Offer
- Connect with a local Realtor.
- Learn the seller’s motivation.
- Make your offer attractive financially.
- Fine-tune your contingencies.
- Be prepared to negotiate.
How do you figure out what you want in a house?
When you go house hunting, consider any potential home’s proximity to your work, the charm of the neighborhood, how the home is situated on the lot, ease of access, noise from neighbors, traffic, and pets, as well as access to parks, shopping, schools, and public transportation.
What’s the best month to buy a home?
Therefore, the best month to buy a house is August. Generally speaking, buyers in the fall and winter will have fewer options yet more flexibility in price, and spring and summer buyers will have more options, but less negotiating power.
What should you not do before buying a house?
Recap: What not to do before buying a house
- Take out a car loan or finance other big items.
- Max out your credit cards.
- Quit or change jobs to a new field.
- Assume you need 20% down.
- Go house hunting before getting pre-approved.
- Use the first mortgage lender you talk to.
- Make big financial changes prior to closing.
How long can a seller delay closing?
Review the details in the contract to see what the allowable time is for a delay on the part of the seller. Usually a 30-day window is applicable. However, if the house closing delayed by the seller moves beyond the allowable window, the seller could be liable for financial losses incurred by the buyer due to a delay.
How long is final walk through?
A thorough walkthrough can take 2 – 3 hours to complete. Agents often take notes and photos during the inspection. This is useful to have for their client’s records and for requesting last minute repairs. The first items to assess during the final walkthrough are the requested repairs.
Who pays what at closing?
Closing costs are paid according to the terms of the purchase contract made between the buyer and seller. Usually the buyer pays for most of the closing costs, but there are instances when the seller may have to pay some fees at closing too.
What should I not tell a real estate agent?
Ross says there are three things you never need to disclose with your real estate agent:
- Your income. “Agents only need to know how much you are qualified to borrow.
- How much you have in the bank. “This is for your lender to know, not your real estate agent,” he adds.
- Your personal and professional relationships.
What is considered a lowball offer?
A lowball offer refers to an offer that is far less than the seller’s asking price or is deliberately too low, as a means of starting negotiations.
Can you offer 10 below asking price?
However, if you find out from the estate agent the sellers motivation is finding the highest offer, you may have to submit a less cheeky offer, only 5-10% below asking price, which the estate agent should advise the seller to consider, as this is actually the true value of the house.