Here Are 8 Key Questions to Ask When Buying a House

There are many factors to consider during the home buying process. After all, buying a home most likely will be the biggest purchase ever in your life.

Here Are 8 Key Questions to Ask When Buying a House

This question may seem to be the most obvious every potential homebuyer should ask. But, unfortunately, it’s not unheard of a person falling in with a house for sale without looking at their finances.

1. How Much Can I Afford?

2. How Much Are Property Taxes?

Expect a house in an appreciating area with a good school district to have higher property taxes than houses in the opposite condition.

Aside from making a down payment on the house, there are closing costs to complete the real estate transaction between the buyer and seller. These closing include an origination fee, title search, title insurance, and appraisal fees.

How Much Are Closing Costs?

Why Is the Seller Leaving?

Usually, people sell their homes to upgrade to a bigger house or downsize because they are empty nesters. Another reason is their employer is relocating them to another city for work.

There is a charm with older homes. They are not typical cookie-cutter houses you find in new suburban areas.

How Old Is the House?

What Items Are Staying With the House?

Buyers shouldn’t assume everything they see comes along with the house. Sellers stage their homes to help convince potential homebuyers to make an offer on their house.

Utilities are another expense homebuyers should account for. If you’ve lived in an apartment, the landlord may have included the utilities as part of your rent.

How Much Are Utilities?