Questions to Ask a Realtor When Looking at a House
Make a confident home purchase. Learn the essential questions to ask your realtor for a complete understanding of any property.
Finding a new home is a significant personal and financial decision. When viewing properties, a realtor serves as a valuable guide and a source of extensive knowledge about the housing market and individual listings. Asking thoughtful questions can provide clarity and confidence throughout the home-buying process, helping you make an informed decision about a potential new residence.
Inquiring About the House’s Structure and Systems
Understanding the physical condition of a house and its underlying systems is important for assessing its long-term viability and potential future expenses. Inquire about the roof’s age and last replacement, as a new roof can be a substantial investment, often costing thousands of dollars.
Understanding the heating, ventilation, and air conditioning (HVAC) system is also important. Ask about the age of the furnace and air conditioning units, their maintenance history, and estimated monthly utility costs. Replacing an entire HVAC system can be a significant expense, often ranging from $5,000 to $12,500.
Investigate the plumbing system by asking about the type of pipes and any history of leaks or significant repairs. Inquire about the age and capacity of the water heater, as this appliance has a finite lifespan. Also, ask about past issues like water damage or mold to understand the home’s history.
For the electrical system, ask about the age of the wiring and the amperage of the main electrical panel. Modern homes typically have 100 or 200-amp panels, while older properties with 60-amp service may not support contemporary electrical demands. Also, inquire about any known issues like pest infestations or if the home contains lead-based paint, especially if built before 1978.
Understanding the Property and Local Area
Beyond the structure, the surrounding property and local area significantly influence daily living and future property value. Inquire about the precise boundaries of the lot, checking if a recent survey is available to confirm these lines and identify any easements. Easements, such as those for utilities or shared driveways, can affect how a homeowner uses their land.
Understanding the property’s drainage is also advisable, as poor water management can lead to issues like foundation problems or water intrusion into basements. Ask about the slope of the land away from the house and the presence of any drainage systems. Discuss landscaping features, including large trees, to understand maintenance requirements and potential risks.
Investigate the local area by asking about specific school districts, which is often a key consideration for families. Inquire about nearby amenities like grocery stores, parks, public transportation, and major roadways for insight into convenience and accessibility. Discuss neighborhood noise levels, particularly at different times of day, as this can impact comfort.
If the property is part of a homeowners’ association (HOA), inquire about the fees, what they cover, and the specific rules and regulations. Request copies of the HOA’s governing documents for a thorough review of any restrictions on property modifications or other aspects of community living. Also, ask about any known future development plans in the vicinity, as new construction or zoning changes could influence the area’s character and property values.
Discussing the Seller and Purchase Process
Understanding the seller’s situation can provide context for the transaction. Inquire about their motivation for moving, as this may influence the negotiation process. It is also helpful to know how long the house has been on the market and whether there have been any previous offers, which can indicate market interest or potential issues.
Seller disclosures are documents that outline known defects or issues with the property. These are typically required by law in most states and provide important information about the home’s condition, from past water damage to structural concerns. Reviewing these disclosures carefully is a fundamental step in due diligence.
The offer process itself is another area for detailed questions. Discuss the typical closing timeline; financed home purchases usually range from 30 to 60 days, while cash purchases can often close much faster, sometimes within 7 to 10 days.
Clarify what appliances and fixtures are included or excluded from the sale, ensuring these details are clearly specified in any offer. Discuss common contingencies typically included in purchase agreements, such as inspection, appraisal, and financing contingencies. These clauses protect the buyer by allowing them to withdraw from the contract without penalty if certain conditions are not met.