An open house offers arguably one of the best shopping experiences in the real estate space. In fact, it provides an opportunity for numerous potential home buyers to view a variety of houses without the need for an appointment. Aside from giving the much-desired sneak peek into the potential house, it allows you to make valuable queries that delve deeper into various aspects of the house. In case, you are wondering what sort of queries you need to put across during an open house; the following list has you covered.
1.Could the house be having any problems?
Do not assume the house is in perfect condition just because the walls are painted or simply because it looks nice. Be sure to ask the listing agent whether the house has any existing problems. Most states in the US require real estate agents to give potential buyers full disclosure of code violations or structural issues. For this reason, a transparent agent will give you information pertaining to details that you could have missed during your visit or personal inspection.
2.Has the house been on the market for long?
A listing agent can help you get the correct timeframe that the house has been on the market. If the house has been unsold for a considerable duration, there may be underlying reasons behind it such as the price. Moreover, the duration may play a huge role in determining the motivation of the seller.
3.How is the neighborhood?
If you are an avid homebuyer, you ought to know that a home goes beyond your personal space. The surrounding neighborhood plays a vital role in determining how comfortable you and your family will be after you purchase the desired house. After all, it could almost be a more determining factor in how happy you are with your living situation than your own house. Hence, asking this question will help you narrow down your housing options, as you will be better placed to pick a home that complements your overall lifestyle.
4.What are the utility costs for the house?
When you attend an open house, ensure that you do not leave out this piece of information. Bear in mind that an older roof, home insulation, and windows may affect your utility bills such as electricity costs. Average utility costs for the house you are interested in will help you gauge whether it’s a worthy investment or one that will eventually become a financial burden. This is such a vital aspect to consider as it will affect your bottom line. Also, whether the house in energy efficient could be something to consider in the future due to possible tax deductions you could receive for buying energy efficient appliances or if looking at upgrading the house once you move in.
5.Does the seller have a timetable for selling the house?
Different sellers each have distinct motivations behind selling their property. What’s more, they likely have a specific period for selling their home. Therefore, it is absolutely imperative that you find out what the seller’s plans are to help you come up with a suitable strategy. In cases where the seller may be in a hurry to relocate, the price may be more negotiable as opposed to when he or she is not.
6.Has the home received other offers?
Keep in mind that most listing agents are always going to be eager to inform you of the available offers from other potential buyers in an attempt to drive up the final price or trigger a bidding war (it’s business tactics 101). All the same, you have to obtain information about this matter to remain abreast of the existing competition. If many potential buyers have shown similar interest in the house that you want, you may need to revisit your home buying plans to ensure you beat your competition.
7.Have there been any recent renovations?
Knowing whether recent improvements have been undertaken will help you rule out the need to redo what has already been fixed (as referenced earlier). In this case, ask about the condition of different items like the electrical system, plumbing, and roof. Repairing these aspects can be downright costly (especially a roof). Hence, you absolutely must know about the expenses to expect after you buy the home.