Questions that Are Often Overlooked When You’re Purchasing a Home

Questions that Are Often Overlooked When You're Purchasing a HomeFor many people, buying a home is the largest item they will ever purchase. So, with that in mind, it is essential that you ask any and all questions that come to mind – as well as a few that may otherwise be overlooked.

For example, while it is certainly important to know how flexible the seller is in terms of price, as well as what is – and is not – included in the sale, there are some additional details that can also help you to navigate the best deal you can make, such as:

  • What is the past sale history of the home? Knowing when the home sold previously – and at what price – can help you to get an idea of what the seller might be expecting in terms of their bottom line offer.
  • Does the property come with a home owner’s warranty? This can sometimes be a deal maker. While the cost of a home owner’s warranty is usually in the $400 to $500 range, just knowing that you’ll have protection in case you need to repair or replace a major system or appliance can be enough to comfortably move forward.
  • How much are the monthly utility costs? Purchasing a home not only means determining the cost of a new mortgage, but also getting an idea of what your total monthly outlay will be. And a key component of this is the cost of the utilities. Here, you should factor in electric and natural gas, as well as other items like water, sewage, and trash collection.

Are you considering the purchase of a new home? Do you have questions? If so, Contact Us. We will help to guide you through the entire process so that you are never alone – from finding the proper floor plan in your neighborhood of choice, to working through all of the necessary negotiations. Having an experienced realtor on your side can make a difference!

By |2018-01-09T20:46:04+00:00January 9th, 2018|Advice, Home Buying|

About the Author:

I grew up in the Bowie-Crofton area with my 3 other siblings. As the middle child, I have a natural talent for negotiating! I moved to the Annapolis area for several years after I graduated college, and I currently reside in Arnold with my wife, son, and daughter.