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And its a moment when using your detective skills is essential.
The tricky part is knowing exactly what to ask.
Luckily, GOBankingRates asked experts to weigh in.
Read below for their top recommendations on questions you shouldprepare when buying a home.
Have There Been Any Property Insurance Claims?
One critical question to ask is, Have there been any insurance claims on the property?
This can reveal past issues like water or fire damage.
In fact, Schneider has seen firsthand how important it is to ask this question.
Understanding the propertys claim history can help you anticipate potential problems, he said.
What Are the Average Utility and Maintenance Costs?
Its also crucial to ask what the average utility and maintenance costs are, according to Schneider.
Sellers may often understate these expenses, he noted.
Weve had clients shocked by high utility bills due toaging HVAC systemsor poor insulation.
Knowing these costs upfront helps in budgeting accurately and avoids unpleasant surprises once you move in.
This helps understand the ongoing expenses associated with the property, she said.
Can You Provide Documentation for Recent Repairs or Renovations?
According to experts, you should always ask for documentation forrecent repairs or renovations.
This ensures that all modifications were done legally and up to code, Schneider said.
Ive seen properties where unpermitted work led to significant future costs for the new owners.
For instance, animproperly renovated electrical systemcan be a safety hazard and a financial burden.
Documentation helps verify the quality and legality of the work performed.
Are There Any Pending or Past Disputes With Neighbors or the HOA?
Its also important to ask about any disputes the seller mightve encountered.
Asking directly can reveal issues that might make living in the property less desirable.
Whats the Reason for Selling the House?
While it might seem intrusive, Shirshikov said that understanding the sellers motivation can provide valuable context.
Sellers might avoid this question to prevent revealing factors that could be detrimental to the sale, he said.
Whats the Neighborhood Like in Terms of Noise and Safety?
Sellers might downplay issues, but asking directly can lead to more honest discussions, Hintlian said.
Asking these questions helps buyers make informed decisions and avoid potential pitfalls, Hintlian explained.
In my experience, transparency is key to ensuring satisfaction and peace of mind for new homeowners.
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