Going to an Open House is important for scoping out a property and deciding if you would like to make an offer. So make sure to get the most out of your visit by asking these questions:

 

Why are you selling? – Often times you can learn a lot just by knowing why a homeowner is choosing to sell the property. A job relocation could mean they need a quick sell while a desire to get a new home to expand their family could mean they have time and patience. Both of these situations will provide you more insight on competitive and appropriate offers to put on a home, or even if it’s right for you. 

 

How many people have shown interest or made an offer? – This question again will provide extra insight into the entire situation. Talk to your Realtor about how many offers have been made and what this means for you. If you are really interested in the property and there have been a significant number of offers, your Realtor may advise you offer over asking price. But if not a lot of interest has been shown, you may be able to get away with offering lower and still remaining competitive.

 

Any issues with the property? – A property may look good on the outside but have critical issues inside. Asking about any potential problems or issues in the past is always a good idea. But be sure to get a professional inspection done before purchasing a property.

 

How is the neighborhood? – Buying a home often means you will be staying there for at least a handful of years. Ask about the neighborhood and dynamics of the community to better understand the area you could end up living in.  

 

How much do monthly utilities cost? – Don’t forget that your monthly mortgage will not be the only bill you incur. Questioning the estimated cost of utility bills will help you better understand if you are still able to stay within your budget if you purchase the property.

 

What appliances or features are included with the home? – Many appliances are required to stay with the home such as the stove and oven. Inquire as to whether the refrigerator, washer, dryer, or other features will be included. If not, you may need to factor in an additional moving cost to ensure you have the appliances you need when you move in.