Here Are 8 Key Questions to Ask When Buying a House

There are many factors to consider during the home buying process. After all, buying a home most likely will be the biggest purchase ever in your life. 

After owning six houses, three of them being flipped investment properties, I wish I would have done things very differently my first time around. 

So, learn from my mistakes, and be sure to ask these eight important questions when buying your first or next house. 

This question may seem to be the most obvious every potential homebuyer should ask. But, unfortunately, it’s not unheard of a person falling in with a house for sale without looking at their finances.

1. How Much Can I Afford?

Although the home’s purchase price may be attractive, it’s essential to account for property taxes because they vary from neighborhood to neighborhood.

2. How Much Are Property Taxes?

3. How Much Are Closing Costs?

Aside from making a down payment on the house, there are closing costs to complete the real estate transaction between the buyer and seller.

4. Why Is the Seller Leaving?

If house has been sitting on market for some time, it can make you question if recent home buyers have discovered something odd that you haven’t yet. So, be sure to ask!

5. How Old Is the House?

If you’re looking for a home with an old-school feel, be willing to spend some extra money on improvements and major renovations.

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