6 Questions to Ask a Home Seller
Never shy away from asking a home seller anything! You are going to pay a big amount of money for the house so you are entitled to all the information you need to make the best decision. Have a good conversation with the seller, ask the important questions below, and review public records, too. By the time you are done, you will be truly ready to make your purchase.
1. Reason for selling
People move for a variety of reasons, and depending on the reason of the seller, they may be willing to accept a lower offer if it means they can be out of the house faster.
2. Length of time on market
The longer a house stays on the market, the harder it becomes to sell. Buyers suspect there is something inherently wrong with the property. Often, the only reason a house stays longer on the market is mispricing. It is fine. Also, the seller may be more willing to negotiate just to make the sale.
3. Previous selling prices
If the seller bought the home at rock bottom, they may be willing to lower the price since they will still make a profit. However, they might not move much if they made the purchase close or more than the asking price. Check out the public records at the Register of Deeds to find out how much the seller paid for the property.
4. What are the inclusions
Fixtures are usually included in a home sale. Everything else should be discussed. Speak with the seller and ask what is included. Get it in writing. Details include outdoor play equipment, sheds, lighting fixtures, appliances, window treatments, and wall-mounted sound systems.
5. Area nuisances
Before going through with a purchase, find out what else comes with the area. The home may be great but if it comes with nuisances like bothersome odors, problem neighbors, traffic congestion, noise, and crime, you should probably think twice about your decision.
6. Age of components
Always ask the home seller about the condition of the key components of the house so you are prepared for any big expenses possibly up ahead. The roof is a big concern, as well as the heating and cooling systems, appliances, plumbing, electrical systems, appliances, and septic. Get the details early from the home seller to avoid any nasty surprises in the future!