Saving money for a down payment on a home is no easy feat, which is why I started looking into various ways to make sure that I had things sorted out like I should. I began working with a real estate agent to chat about what to do and how to start saving, and they explained how much I needed if I wanted to avoid private mortgage insurance, and when the market typically trended upwards. It was really neat for me to see everything I could do with the advice, and saving became easier after I had a clear goal. Find out more about real estate by reading this blog.
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Questions To Ask Before Putting An Offer On A House
Cathy Frazier
When you think you have found the house that you would like to buy, there are several good questions you should ask your real estate agent before going through with putting an offer on it. Asking the right questions before you put an offer in is just one extra step to take to learn more about the house and to protect yourself. Here are three good questions to consider asking if you are in this position.
How long ago was the property listed?
One good question to consider asking is about the time length of the property listing. Was it just listed recently, or has it been up for sale for a long time? The length of time a property listing has been on the market can be an important thing to know, simply because this can tell you more about the house. If it was listed a year ago, why has it not yet sold? If it was just listed, you can know that the seller might not settle for an offer that is less than the asking price, simply because the house was just listed.
How many owners have there been?
A second question to ask is how many times the house has sold in the last 10 years or so. Has it always had one owner, or has the house changed hands many times? If there have been several owners during the last decade, you may want to investigate why.
Why are the owners moving?
You may also want to find out why the owners are moving from this house. Is the house too small or too big? Does the house have something wrong with it? Is the neighborhood bad? If you can find out the truth about this, it may reveal details about the house you would want to know before you put in an offer to buy it.
How motivated are the sellers?
The other question to look into is how motivated the sellers are. If a seller is highly motivated, you might be able to buy the house for a price that is significantly less than the offer price. If the seller is not as motivated, he or she may not budge as much with the price.
These are great questions to ask, but you should realize it might be hard to find the answers to some of them. To learn more about a house, talk to an agent to see what real estate is for sale near you.
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