If you are seriously considering buying a property for the first time, you might have a lot of questions. So, in this article, we have listed some top questions that come into the minds of property buyers. You should have a clear understanding of the situation and the market before you finally decide to invest in a given property.
Things To Ask Your Sellers
Sellers are not obliged to tell you anything from their end proactively unless you ask them. However, many sellers are there who would love to chat around while you show them your property. This will help you to learn in-depth about the property, the neighbourhood, and also the reason why they are considering selling the property. Your estate agents Brentwood would have conducted some research about the property before showing it to you, but still being extra careful can always help. So common questions to ask your property seller would include:
How Long Have You Lived In The Property?
If the seller has lived in a property for a long time, say 10 years, then it is a positive sign. However, if they have only lived here for a few months or years, ask them the reason for their moving out decision. They might just be moving out for a job change, or other personal reason, but you need to confirm that it must not be due to any issues related to the property. Problems like bad neighbourhoods, or flooding during the rainy season can also be their reason for selling the property, so ask your estate agents Brentwood to investigate the situation.
Did You Get Any Work Done On The Property? If Yes, Then What Are Those?
Your conveyancing process would reveal if there has been any recent work done on the property, but you can also ask the seller about it for cross-checking the information. For example, people often add extensions to their homes to increase their resale value and that should be approved by the Council. Now if the seller has illegally done that and you are unaware of the same, then being the new homeowner, you might have to suffer and bear the issues due to the addition of the extension.
How Much Are The Utility Bills Per Month?
When you move to the new property, your utility bills every month would change. So knowing the approximate cost of the electricity, water, and other utilities would help you to get an idea of the cost. A rough estimate can help you to formulate the budget and decide the valuation when you put out your final offer.
Apart from these, you should also enquire about the neighbours and neighbourhood. Ask them if they would sell the property with all the furniture and appliances. The more you ask, the more you will know about the house.