One of the first challenges when buying a house is that there's simply so much information to sort through as you make your decision. Whether you're building a budget, searching for the right neighborhood, or thinking about how to make an appealing offer, asking the right questions will ultimately help you reach informed decisions. And you don't have to do it alone! Our REALTORS® are here to help, with a guide to the five key questions to ask when buying a house.
Buying a House? Asking the Right Questions Will Help You Find the Right Match
- What is the school district like in the neighborhood?
Even if you don't have children, the school district where a home is located will often have a big influence on the asking price. Homes in top-rated school districts will often cost more at the time of purchase, but may also hold their value better than homes in less popular school districts. Many shoppers with children are willing to pay a premium to live in a great school district, so it's a good idea to consider education when planning your budget.
- What will I do for fun close to home?
When you're shopping for a home, you're also shopping for a neighborhood – and finding the right neighborhood is a big key to long-term satisfaction. So it's important to consider which services you need close to home, and to think about what you'll do for fun in each location on your list. Prioritize what matters most to you in a neighborhood, and keep asking questions until you find the right match.
- What is my budget, and what can I afford?
Have you taken the time to plan a detailed budget for purchasing a home? Knowing "how much home" you can afford makes the process much easier, and allows you to invest your time in the properties that have the best chance of being a match.
- How much have comparable homes sold for in the area?
So you love the neighborhood, and you know that the price range for homes is close to your budget. Now it's time to dig into the details, and learn what other, comparable homes have sold for in the area. Real estate agents use the sale price of comparable homes to help get a handle on the market, and doing the same will help you make a competitive offer.
- How long has the home been on the market, and how many offers have been received?
The level of competition for a home will also have a big influence on the final sale price, so it's important to look at how long the home has been on the market. A home that has only been listed briefly and has already generated multiple offers may require you to act fast.
- What can I do to make my offer stand out from the competition?
There's plenty you can do to make your offer stand out, and learning what matters most to the seller is a great place to start. Perhaps they want to close the deal quickly so that they can move into their next home, or they simply want to see their home go to someone who will take good care of it. Writing a personalized note that explains why you love the home is often a great way to stand out.
Whether you're just starting to shop or you're ready to close the deal, our experienced team is here to help with all of your real estate needs. Contact Haring Realty to buy and sell homes in the Mansfield, OH area.