When investigating the quality and desirable attributes of a prospective new home, your opportunity to tour the home via an open house is critical. Descriptive details of the home’s unique features written in the listing and professional photos capturing each room’s beauty with the perfect lighting sparked your interest. But as many would agree, dazzling photographs and alluring descriptions of your prospective home do not come close to the experience of being inside it.
It is important to make a list of critical questions to ask the seller or your real estate agent while touring the home. When taking in every room, discussing attributes of the home with your real estate agent, spouse, or anyone you may have taken with you, it can be easy to become so immersed in the tour that you forget to ask these critical questions. To ensure you are as informed as possible about every last detail of your prospective new home, be sure to ask these five questions during its open house.
Why is the owner selling?
Are there any structural issues?
What updates has the house had, and when did they occur?
Again, just because the home may be a newer build or look shiny and stylish on the surface, don’t assume it is exempt from possibly needing updates. Is the roof shingled? If so, what kind of shingles are they, and how old are they? What kind of electric system does your house have, and does it need an update? If a home inspection report is not immediately available, it is easy to obtain one. The seller will most likely have given your real estate agent information about recent home updates, but it is preferable to have a home inspection professional assess the home. Once you have a clear idea of any updates the house may or may not need, you can make a more informed decision about your prospective home.
Does this neighborhood have an HOA?
Does the seller have a timeline?
This is an important question, especially if this home is high on your interest list. Sellers looking to close on their homes sooner than later are looking for serious, committed buyers. If this is you, be sure to make your interest known and act quickly. That is, of course, after you’ve received all the information you need to know from the four previous questions. If you think you’re falling in love with a home and the seller’s deadline is swiftly approaching, don’t let that alone rush you into any serious decision-making without having all the information you need and deserve to make an informed decision. Nonetheless, it is still important to know the seller’s timeline to gather all the information you need before you make an offer to keep up with their timeline.
Robby Halabi of Rimrock Real Estate specializes in luxury homes for sale in Edmonton with over 17 years of expertise in the industry. A leading luxury real estate agent for Edmonton, Robby Halabi at Rimrock Real Estate has earned a notable number of conspicuous luxury real estate awards. Contact Robby Halabi to assist you on your real estate journey.