| One of the major decisions in life is choosing the | | | | computing the property value. You also have to |
| kind of house that you will live in. You cannot just | | | | ask how long is the home sold in the market. If it |
| decide on this at impulse. There are criteria that | | | | is in the market for more than 60 days, you can |
| should be met before giving that very important | | | | easily negotiate for a discount. |
| go signal. It is good to be guided by some | | | | The condition of the home is also a very |
| relevant questions that you can use as a basis for | | | | important factor in making your important |
| getting the best place for your family. Such | | | | decision. You have to check how old the roof is. |
| questions will determine whether a house is | | | | Newer roofs can still last for 15 to 50 years |
| appropriate for your needs and are within your | | | | depending on the quality of the materials used. It |
| expected range of costs. Below are some of the | | | | is also worth asking the seller the type of |
| common questions that can influence your | | | | foundation used. Raised foundations and homes |
| decision. When you go out and look for that | | | | with basements can provide easy access to |
| house, be sure to ask these questions and the | | | | electrical and plumbing. You also have to ask when |
| answers will serve as your basis for your choice. | | | | the last time the plumbing and electrical |
| There are three categories of questions that you | | | | connections were replaced. With this type of |
| can ask as a home buyer. You can ask about the | | | | homes, maintenance and installation will cost less |
| price, the location and the home condition. | | | | for you. Also, you have to know if the house has |
| With regard to the price, you can ask how much | | | | insulation both in the walls and the attic. If this is |
| did the seller pay for the house. You may | | | | so, you will not have problems during colder |
| indirectly ask the question or you can fish for the | | | | seasons. |
| information based on the flow of your discussion. | | | | Finally, questions about the location are equally |
| This information is necessary for you to know | | | | important. You can check on the type properties |
| whether the home values in the area have gone | | | | within the neighborhood and the demographics. |
| up or down. With this information, you will also be | | | | You can talk to some neighbors to determine the |
| able to determine if a property is a foreclosure | | | | type of community that you will be living in. Are |
| problem. If this is so, you might have a problem | | | | the schools near? How about the church? Are |
| securing financing for at least 90 days. You also | | | | there recreational areas that are accessible? How |
| have to ask how much does the seller still owe. If | | | | about the traffic condition? These may be minor |
| the amount is higher than the asking price, it is a | | | | questions but these are important concerns when |
| short sale and is just bringing cash in for closing. | | | | you choose to live in the neighborhood. |
| Another thing worth asking is the price of the | | | | Asking the above questions will help you make a |
| homes within the neighborhood. The comparable | | | | carefully thought decision and you will not be |
| and competitive sales are the bank's basis for | | | | wasting your time making a big mistake. |