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Visiting an open house is an essential step when you’re buying a home. It gives you some one-on-one time with the seller’s real estate agent and allows you to learn about the property in person. Set aside some time to ask the following key questions to learn more about your potential property.

What to Ask When You’re Thinking of Buying a Home

1. How Long Has the Home Been on the Market?

The longer a home is on the market, the more likely there’s a problem with it. It can have to do with issues discovered during an inspection, trouble with the area, or previous offers being withdrawn. It’s also an opportunity to negotiate, as sellers that are looking to sell quickly may be willing to lower the price, especially in off seasons when people interested in buying a home are scarce.

2. How Has the Price Changed?

buying a homePrice fluctuations also provide insight into the seller’s situation. If they’re continually dropping the price, it likely means they want to get the home off the market quickly. It can also be a reflection of the market value. If they’re cutting the price to match similar properties, you could be entering a buyer’s market, which would benefit you financially. Ask for specifics about the price cuts to understand the context of these changes.

3. Are There Existing Issues With the Property?

You don’t want to inherit any problems, so ask the agent about any existing issues. They’re legally required to be transparent. There may be plumbing or electrical issues, which could lead to a price reduction. Ask about crime in the area or noisy neighbors, and discuss potential issues that can cause trouble down the road, like soil erosion or water damage. You can use this information to negotiate the price and determine if repairs are worth the trouble.

 

If you bring a real estate agent to an open house, they can help you ask all the right questions. If you’re interested in buying a home in the North Port, FL, area, turn to Realty by Dale Thomas. This reputable agent has extensive experience in the region and works closely with buyers and sellers. He can direct you to rentals, existing homes, and land for new construction. Begin your search on his website and call (941) 979-8497 to schedule a consultation.

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