How long has the house been on the market? The question allows the seller to provide more than the listing info available, or may lead to reasons why they are selling. If the home as been on the market for a while, the price changes can be found on the MLS listing history. The buyer can leverage this information for purchase price negotiations.
When was the roof last updated and repaired? Gives the buyer an idea on factoring in the roof repair cost if it has not been replaced in a while.
What home improvements were added or repaired? You may find out that the kitchen and baths were remodeled recently. Or major rewiring of the home were done during any renovation.
What are the monthly utility bills such as electricity, gas, heat and water? This will be the buyers ongoing cost of home ownership because utilities are a monthly sunk cost. Homes in cooler areas will generally have higher heating bills. Or if a home’s insulation is insufficient, the overall heating and cooling bills are higher than average.
Is the home cooled by central air or window units? Homes with central air will be quieter because the central air units will be located outside of the house.
How old are the major appliances such as washer/dryer, stove top/oven, refrigerator, water boiler, furnace and air conditioner system? Allows the buyer to plan for the cost of upgrades if the major appliances are old.
Has the basement ever been flooded before? Areas below sea levels are inclined for flooding during hurricanes or storm seasons. Account for having to purchase homeowners flood insurance if necessary. Or do you want to buy a home that may encounter basement flood from time to time?
How’s the neighborhood, and neighbors? Are there block parties during the summer months? Learn from the owners if the home is in a good area to raise a family.
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