When you are browsing the real estate market for a new home, the interior features and listing price is not the only factors you should consider. In this post we will be sharing seven thing that you should be looking at when purchasing a new house.
The Sellers Might Be Spying On You
In this modern age with advanced technological gadgets buyers should be cautious about whether sellers are listening in or watching during a showing. From security cams to ring video doorbells many of the modern homes today have microphones and smart cameras installed, making it easier for homeowners to spy on prospective purchasers attending an open house showing.
We recommend always acting as if you are being watched and instead discuss whatever you like or don’t like about the house afterwards.
Comparable Sales In The Vicinity
It is useful to research comparable sales in the area before a house showing. This is properties that was sold recently in the area that had similar characteristics. Pay attention specifically to features, location, and square footage. This can give you a good indication whether the home you are after is priced reasonably.
Consider The Size Of The House And Prospective Growth Hindrances
If you are considering expanding your family soon, keep this in mind when shopping for a new home. A general error that purchasers make is buying a small home that does not accommodate any plans of starting a family. Before buying a home and contacting local movers in Oklahoma City to help you with the relocation, first assess if the home is meeting all your requirements, including your future arrangements
The Relationship Of The Realtor To The Sellers
If the realtor happens to be the listing agent for the home, consider hiring an alternative agent to assist you with the process. If an agent represents both the buyer and the seller, technically, the agent becomes the transactional broker. Since the realtor’s best interest matches that of the seller (getting the most cash possible) the likelihood of them having the best interest of the purchaser in mind is close to zero. That is why it is essential to locate a real estate that does not have conflicting pursuits.
The Area Where The Home Is Situated
Location is everything when it comes to real estate. While a buyer can move walls, replace finishes, or repaint surfaces, they cannot change anything about the home’s location. The location is the most essential consideration when purchasing a home. It directly influences the resale value; therefore, you do not want to purchase the best house in a crappy neighborhood.
Any Hidden Costs When Buying A House
Mortgage payments are not the only item that is costing money. Other substantial expenses that goes along with being a homeowner include spending more cash in furniture or higher utility bills if the house is bigger. Besides that, there is property taxes, homeowner’s insurance, closing fees and potential renovation expenses. Do not forget about maintenance expenses, like landscaping or swimming pool maintenance, for instance.