IMPORTANT QUESTIONS WHEN BUYING REAL ESTATE THAT YOU NEED TO KNOW
What if you are buying to live in or rent out? You may find it annoying and inconvenient to live in a place where the surrounding construction is noisy, dusty, or it will be difficult to get a rental price.
Anyone wishing to buy real estate, whether for investment or to live in, before buying, has questions to ask whether the location of the house they want to buy meets the requirements or not. That is why it is so important to ask questions. So what questions should you ask when buying real estate?
In the article below, 603 Virtual Staging Real Estate will summarize the important questions when buying real estate that you need to know to be able to choose the best real estate for yourself.
- Information about the house
Who is this landlord?
Legal documents like?, who will bear the legal costs.
Information about the house: How many floors, how much is the area of the house, how much is the total price / per m2, the ceiling height of the apartment …
Does buying this house need any further repairs, or just move in?
- Why does the owner want to sell this house?
Knowing why the landlord wants to sell can help you negotiate a better price. If the previous owner wants to sell the house because they are in need of another property, that means they are in a hurry and may be willing to give you a small discount.
In addition, it also helps you avoid troublesome situations. For example, the previous owner may sell because they are in urgent need of money to pay off a loan to a bank or loan shark. At this point, careful consideration is required. Another reason is that they sell because the condition of the house is deteriorating and that means you have to spend a lot of money to fix it when you move in.
Or the house has some problem, so the new owner sells it… there are many reasons so you need to consider carefully, and make sure that when you buy that house, it won’t cost you any money later or regrets about it after.
- Is the development potential of the area around my house good?
Plans such as opening new roads, building a shopping center… can affect real estate prices in the medium and long term. If you’re buying property as an investment, these plans can be good news.
However, what if you are buying to live in or rent out? You may find it annoying and inconvenient to live in a place where the surrounding construction is noisy, dusty, or it will be difficult to get a rental price.
- Are the amenities around the house near schools, markets, hospitals?
If you are looking to buy a home to live in with your family, this question is extremely important, especially if there are young children in the house.
In fact, this is the first concern of any real estate client. Schools, markets and hospitals are places to serve the basic needs of a basic household.
You can ask for information from a real estate consultant, the person who sold your house or you can visit the place to see around. However, if the house is close to the market, school and hospital, the price will be more expensive than other houses. You need to research carefully and make the best choice.
- Find out the general price of the real estate market near the house to buy.
In the real estate industry, home location is very important. That’s why you should learn everything you can about the area where the house you want to buy is located.
It’s a good idea to compare home prices in the area, as well as information on nearby schools and other important factors, to be sure you’re not being overpriced by landlords, and to work out the potential of your home. Can it be profitable in the future?
- How long has the house been for sale?
Finding information about the home’s history helps you determine how long the seller has owned the home. Before that, whether they’ve remodeled the home and if it’s a foreclosure.
In addition, you ask the broker or people around to see how long this house has been for sale by the owner.
This information will give you a better idea of the price you should negotiate. Example: If you find out that your home has been up for sale for a long time and are having a hard time selling it, you’ll have an even greater advantage in negotiating the price and renovating the home. Also find out why with the potential that landlords and brokers tell you, there are still no buyers?
- Find out about the people around.
Quality of life doesn’t just depend on the house you live in. Neighbors are also very influential.
Friendly neighbors can greet you with a smile and warm and friendly greetings like family. On the contrary, imagine the neighbors who specialize in debt collection or screaming at each other every night, would you want to be there?
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