Ask Your Agent These 7 Questions

Dated: 03/13/2018

Views: 26

You've found your dream home and are ready to make an offer, pack your things and make that place your own. It's natural to be excited about finding a great property, but don't submit that offer just yet.

Even if your initial home tour went great, things aren't always what they seem. Ask your agent these questions before putting in an offer:

1. What are the property taxes? Know how much can you expect to pay every year, and find out if you'll be eligible for any exemptions.

2. Is there a homeowners association? Make sure you're aware of any HOA dues and rules, and decide if they fit with your lifestyle.

3. How's the neighborhood? Thanks to the internet, it's easier than ever to research the crime rate for your prospective neighborhood. Likewise, look into nearby amenities such as grocery stores, restaurants and parks.

4. What's coming down the pipeline? Up-and-coming areas can be a great place to buy, as home values are likely to rise. You'll also get a culture influx.

5. What are the utilities like? Ask about the average cost of water, gas and trash bills. And figure out what options you'd have for cable, internet and other wanted services.

6. How long has the house been on the market? If it was listed a while ago, ask why it's been on the market so long. There could be an issue you're overlooking.

7. How soon are the owners looking to sell? If the owners are in a hurry, they're probably more willing to negotiate on price.

Asking the right questions can help you make the best decision for your household and budget. Be thorough with the hunt for your new home, and talk through any concerns with your agent. The more information you have, will lead to a better decision.

Credits: Mann Mortgage, Jessica Vaughn, The Purple Spade, M. Jory, 

Blog author image

Michael Jory

I grew up on the Monterey Peninsula, about 5 hours drive from Reno. I moved to San Diego in 1990 to begin my career in the golf business. While in San Diego, I worked at Torrey Pines, Balboa Park and ....

Latest Blog Posts

2018 A Good Time To Sell Your Home

Homeowners looking to sell should consider 2018 an opportunity to cash in.  (Getty Images)If you’re a homeowner and have been thinking about selling, what are you waiting for? You may

Read More

HOME INSPECTIONS What To Expect

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection.This

Read More

The Man Behind The Reno Tahoe Industrial Center

Everyone should watch this video about the owner of the Reno-Tahoe Industrial Center. He can’t read or write and has declared bankruptcy twice and now is a billionaire. Amazing!http://www.ktvn.com

Read More

Investor Notes On LLC In Nevada Ken Angst

One of the most common ways to protect your investment property is to form a Limited Liability Corporation (LLC) and hold the title to your investment property within the LLC. Nevada law allows

Read More