When it comes to navigating the Plymouth real estate market successfully, one of the best things you can do is ask a lot of questions.
After all, the more questions you ask, the more knowledge you will have about the state of the market, which will help you make savvier decisions as a buyer.
Today, I’m going to share with you the best questions you can ask while navigating the market. Let’s dive right in!
Questions to Ask About Offering Price
- How much did the seller pay? This helps you see if values have gone up or down since the seller purchased it.
- How much does the seller owe? If the value is more than asking price, then you’re navigating a short sale or the seller will be bringing cash to closing.
- How much have similar homes sold for in the community? This gives you the best indication of its value, especially given that your bank’s appraiser is going to rely on these comparable sales to compute value.
- How many offers has the seller received? Some homes get multiple offers. If that’s the case here, you should know that it might take a lot to ensure that your offer is ultimately chosen.
Questions to Ask About The Condition of the Home
- How old is the roof? This is important because roofs can be quite pricy to replace. The good news is that new roofs often last 15 to 50 years.
- What type of foundation does the home have? A raised foundation allows access to underneath the home, which is useful for plumbing and electrical needs. This is the same for basements. Slab foundations are more common with newer construction.
- Does the home have insulation in the walls and attic? This is particularly important for colder climates.
Questions to Ask About the Location of the Home
- What types of properties are located nearby? This helps to understand the resources you’ll have easy access to.
- What can you tell me about the schools in the area? This is particularly important for parents with small children.
- Are there any nuisance factors in the area I should be aware of? This might include proximity to an airport or to a busy highway.
We’re Here to Help With All of Your Plymouth Home Buying Needs
We hope you found today’s blog useful on home buying in the Plymouth, MI area.
For more valuable insight, please remember to connect with us at The Bittinger Team. We’d love to offer our assistance!
Until next time,
Noel