Twila E. Palmer's Blog
Attending an open house is like going on a job interview. House sellers and their realtor may appear to be in total control of the process. But, that’s not the case. As a home buyer, you can put yourself in the driver’s seat by making a thorough review of the house. You can also ask home sellers or their realtor the following questions.
Answers to these open house questions could land you a great new homeowner deal
Several questions to ask realtors and home sellers can be asked as you walk through the house. It’s good to ask other questions after you have finished walking through the house and have a better idea of the house layout, features and amenities.
How many offers have you received on the house so far? Low interest in the house could be a sign that the house has problems or is located in a depressed neighborhood. It could also be a sign that the house just went up for sale or that you could get a good price for the house.
Why did you put your house on the market? Again, similar to a job interview, the answer to this question is revealing. Just as you’d want to know why someone left their job, find out why sellers want to part with their house.
Tell me how long your house has been on the market. Look to negotiate for a lower price if the house has been on the market for an extended period of time. This could prove to be a real bargaining chip.
Have you done anything since you put the house on the market to try to generate a sale? If so, what exactly did you do? Find out if the seller lowered the price on the house. Did they offer to pay the closing costs? Is the realtor advertising that the sellers will include appliances like a refrigerator, stove and oven or washer and dryer in to attract buyers?
More revealing questions to ask home sellers
How soon after the house is sold will the sellers be ready to move out of the house? Make sure that you can move into your new home when you’re ready.
Please tell me how long you have lived in the neighborhood. Also, ask what the neighbors are like.
What do you like best about the house and the neighborhood? Also ask sellers what they like east about the house and what they wish was different about the neighborhood.
Reach out to the home seller’s realtor if you want to schedule a private viewing of a house. Arrive to an open house early enough to give yourself time to explore the house fully. The last thing you want is to make a rush decision on a house. Another tip is to bring a relative or friend with you, someone who understands houses, including a house’s structure, pipes and wiring. Before you leave, meet with the realtor or house sellers and ask them the right questions. Answers to these questions provide you the information that you need to make a wise house buying decision.