While an Open House gives you a chance to see a house (and its neighborhood) for yourself, it’s also an opportunity to ask questions that will affect your decision to make an offer. Here are some relevant questions that you can ask (or have your agent ask for you).
• How long has the home been on the market? If it isn’t selling, there are probably good reasons why.
• Why are the homeowners selling? The answer (moving out-of-state, they bought another house etc.) can help you determine how motivated the owners are to sell.
• Do you have any current offers? You need to know if other buyers are competing for the property.
• Has the house been in escrow? If it didn’t sell, was it an appraisal or inspection issue?
• Are there any special costs of ownership (condo fees, etc.)? If there’s a Homeowners’ Association, ask for the phone number of someone from the Association so you can find out about covenants, fees, and assessments.
• How much is the annual tax assessment?
• What other houses in the neighborhood are for sale, and what have other houses sold for in the past 90 days?
Contact us at [email protected] or call 888.988.6248 If you have any questions, or need capable and trustworthy representation