Updated: Oct 15
Let’s say you’re in the market for a new house and you’ve made all the preparations on a property you like and are ready to attend the open house. You’ve talked to your agent, you know what you’re looking for, you know what you need and what your budget is. All that’s left to find out is if this house fits your criteria or not. Even with all this information, you can still show up unprepared, and leave an open house just as unsure as you walked in: because you weren’t able to ask all the right questions. To keep this from happening to you, I’ve compiled some core questions that every prospective buyer will need to know about a particular property before deciding on it.
About The Sellers
Why did you decide to sell the property?
This is a very important opening question that will lead to a lot of potential information about the property that will be critical to your understanding of it and its viability to purchase.
Have there been any offers already?
Asking this will get you a feel of how much interest is in the property, how much leverage you will need for negotiations, and potentially the range of what the seller is expecting to get, if they haven’t already provided a price beforehand.
About the House
What are the biggest issues?
This will give you a feel of any repairs that might be needed, or anything that may cost you more down the line should you decide to make the purchase. These could cover anything from physical damage to mold or even utility issues. It’s advisable to touch on these as well.
What natural disasters is the house susceptible to?
Not only this information is worth knowing, but also gauge how well-equipped the house is in its current state. You will need to ensure that you’re offering the right price to what current state house is in.