4 Questions to Ask a Seller Before Buying a House/Flat.

4 questions to ask a seller before buying a house/flat.
• How much did the seller pay before? -If the seller paid less than what they are offering, then they probably remodeled the house and did a lot of fixing on the house. And if they paid more than what they are offering then the house has probably got one or more faults in it or that the neighborhood has depreciated (not inviting/safe).
• How much does the seller owe? – some people sell their homes without telling the buyer about any outstanding payments such as water and electricity. Leaving the new owner with a lot of sorting out to do.
• How many offers has the seller got? – you are most likely to get a lie for an answer but you need to ask anyway. Just because the house did not get a lot of offers does not necessarily mean there is something wrong with the house (people have different tastes after all) it just means you have to look in to it some more.
• How long has the house been on the market? – if the a house has been on the market for a long time and is being sold at a reasonable price then I suggest hat you also do not rush into buying it just as yet.
• How much has similar homes in the neighborhood sold for? – this will give you an idea of weather or not you are being ripped of or given a bargain.

This entry was posted in Tips. Bookmark the permalink.