Okay, so you love the house for sale on the corner of the street you pass by every day. Planning to make an offer on it? Great idea, but before you do this, you need to consider a couple of things especially if you are a first-time buyer. Yes, we know it is a seller’s market and you may want to make an offer right away but industry experts advise otherwise. We talked to them and they suggested that before you jumpstart the process, you should gain a better idea about the home and the neighborhood.
Talk to your real estate agent
Over 99% of the professionals we talked to said, the best way to start was to take advice from your own real estate agent. If you have chosen a qualified one, they will be able to provide valuable information about the area, which will help you in making a decision.
The internet is filled with information and if you search online, you will come across a lot of useful information. Read the newspapers and go through local government sites. Make sure the area is safe and has a culture to which you can adapt.
View the criminal report
Crimes are on the rise. We are sure you would not want to move into an area that is subjected to security risks. Contact the local police department or visit criminal websites to view the stats.
Evaluate the schools
Got kids? If not, you can skip this part. For those of you who are parents, you will have to find out if there are reputable schools in the area that can provide your child with a quality education. Moreover, a good school also contributes to maintaining the value of your home.
Get the home inspected
Home inspections incur a cost and you have to bear those costs. Usually they are between $200 and $500. Getting the house inspected will let you know if you will have any repairs and improvements to take care of once you move in. It will also give you an idea if the house is worth the price the seller is asking.
Have a word with the sellers
Sellers are one of your best bets to learn more about the area and the community… if they open up with you. Talk to them and see if they are willing to share all the details with you.