Get Answers to These Questions Before Buying a House
Visiting an open house certainly has an element of fun, because it's a chance to project what your life would be like in the home â and neighborhood â that you're visiting. It's also a major research opportunity, and one of your best chances to ask questions about a home that really catches your eye. This is the time to be thorough, and look beyond the listing to lock in on the details that will ultimately guide your decision when buying a house.
Our REALTORSÂ® at RE/MAX DFW Associates have extensive experience on the agent side of open houses, and we've chosen six open house questions that will help you make the right choice when buying a house.
- How long has the home been on the market? While it's easy enough to look up this information online, the original listing date doesn't always tell the whole story. A highly desirable home may spend extra time on the market because a previous sale fell through at a late stage due to a potential buyer's finances. And a home that's just been listed may not be on the market for long if it immediately generates major interest.
- What parts of the home have been updated? Some updates are easy to spot as you tour a home, but the behind-the-scenes updates can be just as important as those shiny new appliances in the kitchen. Plumbing, electrical, and structural updates may help lower your future maintenance costs while increasing your comfort, so it's worth doing a little digging on the topic.
- Why has the seller chosen to sell? Even if you don't get a clear answer when asking this question, a lack of answer can be revealing as well. Sellers have all sorts of legitimate reasons for putting a home on the market, from moving for a new job to needing more space for a new addition to the family. An honest answer here also shows that the seller is genuinely interested in making a deal.
- Have there been any recent comparable sales in the area? In addition to helping you understand the local housing market, this question is a great way to gauge the expertise of the seller's real estate agent. If the real estate agent can quickly provide a few recent examples, you can be confident that they've done their homework on other key details, as well.
- Have there been any offers? Combined with the first question on our list, this question will help you take the temperature of the home's market. A lack of offers isn't necessarily a bad sign for a home's appeal, and may even help you negotiate a more favorable deal. And if a home is generating tons of early interest, a few follow-up questions may help you discover why that's the case.
- Does the buyer have any priorities other than price? The amount you offer matters, of course, but a seller may be willing to take a little less if you meet them in the middle on other priorities. A seller who's moving for career or family reasons, for example, may be willing to negotiate a lower purchase price in exchange for an expedited sale.
When you're buying a house in the Dallas-Fort Worth area, there's simply no substitute for the assistance of an experienced REALTORÂ®.Â Contact our team at RE/MAX DFW Associates to start your search for homes for sale in the Dallas real estate market.