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Tips for Making an Offer on a Home

Tips for Making an Offer on a Home

Before making an offer on a home, ensure you're financially prepared and ask important questions to gain insight into the property. Discover six key questions to ask the seller for additional information to inform your decision-making process.

When making an offer on a home, being pre-qualified or pre-approved by a lender is crucial. Here's why it matters and six key questions to ask the seller for additional insight into the property:

  1. Why is the seller selling the house? Understanding the seller's motivations can help you evaluate the true value of the property and adjust your offer accordingly.

  2. How much did the seller pay for the home? While the original purchase price can provide some context, it's essential to consider other factors like market value and property improvements.

  3. What does the seller like most and least about the property? This question can reveal valuable insights into the property's strengths and weaknesses, helping you make an informed decision.

  4. Has the seller experienced any past problems with the home? Knowing about previous issues like leaks or repairs can help you assess the condition of the property and any potential future expenses.

  5. Are there any nuisances or problem neighbors? Understanding neighborhood dynamics can influence your decision, especially regarding noise levels or planned community changes.

  6. How are the public schools in the area? The quality of nearby schools can impact property value and desirability, making this information valuable for your decision-making process.

By asking these questions and working with your real estate professional, you can gather crucial information to make an informed offer on your dream home. Ensure you're fully prepared and equipped to negotiate effectively.

Curious to know how the market’s doing in your neighbourhood? Email me and I’ll prepare a quick customized report for you! It’s my pleasure!

Jez Nichols
CIR Realty Shuswap
Salmon Arm BC
Text me: 250-515-5391
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