Get as much information as you can about a property you like before making the decision to buy. Make sure you ask the right questions and you get the answers you’re looking for.
Here are some of the most critical things to ask yourself and the seller:
Find out what the seller’s asking price is based upon. Compare the price with
similar homes in the area. If it’s higher than others, this may give you room to
negotiate or to better weigh your options. Base your comparisons on the prices of
sold homes, not on sellers’ asking prices, which may be significantly different
from what will eventually be agreed upon.
Location is one of the most important considerations in choosing a home. A good location not only makes day-to-day living convenient, it also helps ensure a healthy rate of return if you sell the home in the future.
Look into the area’s accessibility. How long is the commute to your place of work? Are there schools, offices, and grocery stores in the area? Proximity to a hospital and fire station is a plus. You will also want to avoid buying in a location with heavy noise, such as one next to a train track like MOPAC or a highway like Capital Of Texas HWY with plenty of traffic.
The condition of the home should be a huge factor in making your decision, so don’t hesitate to ask as many questions as possible about it. A disclosure form requires Texas sellers to describe certain home conditions, such as leaky roofs, malfunctioning appliances, and faulty septic systems.
However, it pays to ask for information that may not be required in the disclosure, such as the age of the roof, the type of foundation, the age of the plumbing system, and so on. Knowing about potential repairs will help you prepare for their costs and give you a chance to negotiate with the seller about covering these costs.
Apart from needed repairs, pest infestation is another thing you absolutely must know about. If there’s any, ask about the measures that have been taken to get rid of it. It also helps to know how long the problem has been going on and how widespread it is in the home. Pest infestations are usually red flags, but perhaps you can reach an agreement with the seller about covering extermination costs.
Negotiations are usually conducted between agents, but it can help to talk to the
seller directly. Sellers can give you quick answers to important questions, such
Getting these answers straight from the source can help you in deciding if the
home is right for you, as well as in coming up with the right offer price.
Energy bills in Austin can be steep, so it’s important to find out about their average monthly bills. Some houses may need more heating in the winter or more cooling in the summer based on the space and insulation (spray foam vs batt or others. Old heating and cooling systems can also increase utilities cost. Asking about these will give you a good idea on what the house will cost to run throughout the year.
With all the competition out there, buying the home of your dreams in Austin is not always easy. You need the help of an experienced Realtor who specializes in this highly dynamic market. Gary and Michelle Dolch and Austin Luxury Group have over 26 years of experience and has been the top team in all of Austin for many years. Let their expertise work for you. Call them at 512.656.5627 or send an email to AustinLuxuryGroup@compass.com