10 Things To Consider Before Making An Offer On A Home

Dated: 03/11/2014

Views: 622

10 Things to Consider Before Making an Offer on a Home

Mar 3, 2014 

By: Michele Lerner

before making an offer on a house
If you’ve narrowed down your choice of a home to one, you may be eager to make an offer and get negotiations started. If you’re buying in a tight market where sellers have the upper hand you may even feel pressured to put in an offer the moment you see a house. 
But, before you write that check for your earnest money deposit, you should take a little time to investigate the house and the neighborhood so you have a better idea of what you’re buying.Your REALTOR® can be a valuable resource in gathering information for you and getting the answers to your questions from the seller’s agent. In the meantime, you can be proactive and do some of your own research.
1. Search for neighborhood information online.If you already live in the community, you may be able to skip this step, but it’s always worthwhile to search local newspaper websites, local government sites, community sites and blogs to find out what’s happening in terms of upcoming development or other issues.
2. Check the crime report.Your local police station will have statistics on crime and you can also go to www.crimereports.com to find information according to a particular address or ZIP code.
3. Check on the schools.Even if you don’t have children, buying a home in a good school district is an important way to make sure your home maintains its value. You can find information on each school district website or go to www.GreatSchools.com for ratings
4. Check for local amenities.You can go to Google Maps for a Street View of a community to see what’s nearby, or visit www.WalkScore.com to find out what is within walking distance of the home. If you have a particular activity that you enjoy, such as tennis or golf or swimming, find out how far you’ll have to go to get to a facility.
5. Check for neighborhood amenities.If you’re buying within a homeowners association, you can usually find information online about community activities, but even in areas without an association some neighborhoods have frequent community-wide gatherings or sports leagues.
6. Visit the home at different times of day.If you want to know what it will be like to live somewhere, visit on a weekday, a weeknight and a weekend to see how quiet or active the area will be.
7. Test your commute.If you only visit a home on a weekend you’ll have no idea what the traffic pattern is like during rush hour, which could have a big impact on your enjoyment of the property.
8. Schedule a home inspection.Your purchase offer should include a home inspection so you know what repairs must be made and about how they will cost. You may or may not be able to negotiate for the seller to pay for home improvements, but it’s always better to go into a house with full knowledge of its condition.
9. Talk to the sellers.If the sellers are willing to share information with you, they’re the best resource of all to learn about the community and the house. You can ask the sellers about renovations they’ve done and even talk to them about whether your plans for the house are possible.
10. Ask about taxes, homeowner association dues, homeowners insurance and utility bills.
Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Want to Advertise on this Site?

Latest Blog Posts

EXIT Realty Bonfils Blood Drive

EXIT Realty Corp. International has a long standing tradition of giving back to the community.  EXIT agents are no different and many of us have various causes or charities that we

Read More

8 OneHour Projects That Can Make Your Home Look New Again

With today's busy schedules, it can be tough to find the time to take on lengthy home improvement projects. But you don’t have to dedicate your entire summer vacation to home maintenance to keep

Read More

Denver Newest Move In Ready Home

Welcome to the City of Denver, the State of Colorado's beautiful capital city situated at the base of the Rocky Mountains. Located on the western edge of the Great Plains, Denver is the largest city

Read More

Union Station Condos Under 300k For Those Who Qualify

If you haven't heard yet, The Coloradan has finally released its affordable units, and you could snag a 2 bedroom in the heart of Union Station for $280,000, with restrictions.  This is a great

Read More