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1.
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What is the neighborhood (and your
neighbors) like... are there certain features in the area that would
affect the value of this property in the future?
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2.
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What are the realty taxes on the
home?
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3.
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What are the utility costs...
especially electricity if the home is electrically heated?
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4.
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How far do I have to travel for
schools, public transit and shopping? |
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5.
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What major repair expenses do I
have to look forward to within the next two years?
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6.
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What is the traffic flow in front
of or near the property... any main roads, bus routes or railway tracks?
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7.
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Are there any utility easements or
encroachments over the property?
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8.
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Is there a fairly recent survey
that shows all the buildings and additions on the property?
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9.
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Has the property had a home
inspection done when the present owners bought that you could check to
see what minor and major problems there were? Ask the vendor for a list
of those problems that were fixed!
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10.
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Has the homeowner signed a
disclosure document? (After January 1, 1995 they became mandatory.)
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11.
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How much are the closing costs...
and is there a better time in the month to close to minimize them?
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12.
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Who has the best rates and service
in the mortgage field... bankers or mortgage brokers?
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13.
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How do you select the best lender
to work with?
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14.
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What are the other comparable
homes in the area selling for? You don’t want to overpay or get carried
away by snazzy finishing touches in a home which may be priced higher
than other neighborhood homes.
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15.
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How flexible are vendors usually
on their asking price?
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16.
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At what price do we start with
when we go to put in an offer?
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17.
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How is my financing approval
determined? Is there any beneficial existing financing on the property
that I can assume?
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18.
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What does the yard look like when
it isn’t covered with snow? Are there any problems with drainage or
runoff after a heavy rain or in the spring.
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19.
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Does the basement show any signs
of moisture... can it be fixed simply by cleaning/repairing the
evestrough or is it a more serious problem?
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20.
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What can I have included in the
sale? Are there any exclusions? |
