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Questions to Ask When Buying a House

First-time home buyers and buyers who have not purchased a home for over a decade usually wonder what questions they should be asking of real estate agents, sellers, lenders and attorneys. Using an exclusive's buyer agent can help you learn about the process of buying a home and the right questions to be ask before buying a home. They can serve as your advocate to represent your interests throughout the experience as well as an educator.

Are you ready for the necessary work to conduct a home search, negotiate, and close on a new home? The criteria for buying a home can vary for buyers with different needs but check out the list below of questions to ask when buying a house and see which of them you need to add to your personal list before you start on your home buying journey:

  1. How much can I afford? Get pre-approved for a mortgage.
    Credit report, FICO score, type of mortgage, shop for best rates and programs.
  2. What kind of home do I want (the ‘wish list')? What kind of home do I need? Style of home, size, price, location.
  3. What kind of real estate agent should I use? Seek out an exclusive buyer's agent. Compare the services of different agents and look for good personal chemistry and undivided loyalty.
  4. How can I search for homes in the MLS and For Sale By Owner (FSBO) homes? Sign up for daily email notification services and stay on top of all new FSBOs coming to market.
  5. What about the neighborhoods, schools, crime rate, traffic, zoning, and work commutes? Rely on your exclusive buyer's agent's expertise and in-company resources. Check the web for helpful information.
  6. What about zoning, easements, liens and other restrictions?
    Visit or have your agent visit the town or city hall to determine.
  7. How much is the house worth that I want to buy?
    Have your exclusive buyer's agent prepare a property value study and ask the seller if there are any other offers and his motivation for selling, deadlines, etc.
  8. What kind of condition is the home in? Are there termites or other pests? What about lead paint, asbestos, and radon?
    Take advantage of the inspection contingencies in your offer and get thorough inspections to eliminate any surprises after you move in to your new home.
  9. What about final negotiations and signing the Purchase & Sale Agreement? Use the inspection report to re-negotiate, if necessary and sign the P&S after review.
  10. Will the home be in the same condition when I take ownership? Be sure to schedule a walk-through inspection prior to Closing.

Since NAEBA-member agents represent you, the buyer, they ensure that all the right questions are asked throughout the process of buying a house. Contact us today to find a NAEBA exclusive buyer agent near you.