When you are looking at different homes that are for sale with your realtor, it is important that you find out all that you can about the homes during this process. This article will discuss 3 important questions to ask your realtor when you are looking at homes for sale.
How Long Has This Home Been On The Market?
One thing that is going to affect how much you pay for the home is going to be how long the home has been on the market. Asking your realtor this question will help you to determine what a reasonable offer is for the home. For example, if the home has been on the market for almost a year with hardly any offers, the seller is likely going to be more willing to accept a lower offer from you. On the other hand, if the home has only been on the market for a week and has already received multiple offers, than you likely are going to have to bid at the asking price or even higher in order to have a good chance at getting the home.
Does The Home Have Any Issues?
Another question that you are going to want to ask your realtor is if the home has any issues that need to be noted. This could be a foundation that shows signs of cracking, any plumbing leaks, floors that are damaged and need replaced, etc. Knowing about these issues may help you decide that you don't want to purchase the home, or they could simply let you know that they need to be factored into what kind of an offer you make on the home.
How Much Do The Utilities Generally Cost?
It is very important that you know how much the utilities are going to cost before you move into a home because this can have a huge impact on your monthly budget. If the home is either very large in size or older and has poor insulation, then the utilities are going to cost quite a bit more than if the home was smaller and/or better insulated. The utilities are also likely going to be affected by the location of the home because some areas charge more for utilities than others. Asking the price of utilities beforehand will let you know about how much you can offer on the home to ensure that you are going to be able to pay all of your utility bills.
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