Has There Been Another Buyer For The Home

Category: Finance, Real Estate.

Buying a home is one of the most exciting events in your life.

Yuma is an amazing place to find a house, and there is a lot you can do to make the process easier than ever. But because it is such a rare event, few people truly understand how to go about the process of looking for a new home. Most people don t realize that the best way to approach looking for real estate is to make the process all about getting the most information. Some of the information that you should focus on are the following. It s not really about finding a home you love as much as it is about uncovering every detail about the property. When was the home listed on the real estate market? If a house has been up for sale for a while, it may mean that the sellers are willing to entertain offers and negotiate on price.

Many home buyers don t understand why this question is important, but it provides a great deal of information about the home. Has there been another buyer for the home? This gives a lot of information- there may be a few factors that contribute to the house not selling the first time. If a home has been in escrow before and the sale fell through, it s important to know. It could be that the buyer couldn t arrange financing, or it could mean that there was something wrong that the buyer or a home inspector found in the sale process. How old is the home and how has it been maintained?

It s important to ask why the sale was not completed if the house fell out of escrow. The age of the home is a huge factor- homes built in before the 1960s will be built with quality materials, but you may be looking at some major upgrading of the home. A home built in the 60s, 70s and 80s didn t feature the quality of construction that older homes had. The home may also have some potential problem areas with older materials, such as lead paint, or asbestos roofing materials. Some of these homes aren t quite as distinctive in character, but often have good potential for remodeling and resale. Regardless of the age of the home, you should always have a home inspected by a qualified inspector. Homes built in the 90s and later are going to be homes that require less initial maintenance and repair.

What other fees will you have to pay beside the sales price? Before you commit to a home purchase, find out how much the taxes are and how it will affect your budget. All real estate will have real estate taxes that you must pay each year. Many homes have home owner association dues that the owner must pay each month. These dues cover community maintenance, such as pool or community rooms, landscaping for the common areas, etc. Also, many home communities require home association dues. Taking the time to find out some vital information can really help you make decisions about what home is best for you.

Decision making really requires finding out what lies beneath the surface of the home. There s far more to evaluating a home than merely looking at the home and the property. Work with your real estate agent, gather as much information as you possibly can, and you ll find the home you love in Yuma.