Ask Questions When Buying A Home! – Suggestions & Tips #106

July 10, 2015 by Grassroots Leave a Comment

Ask questions when buying a home seems pretty straight forward, but in a buy-beware real estate world, vendor disclosure may not be automatic. Of course, asking the right questions in the first place is key. You certainly don’t want to upset the vendors with needless questions either.

If you’re buying a resale home, ask as many questions as you can about it to learn about things like the neighbourhood, history, its condition, past repairs & known concerns. The more information you can obtain, preferably in writing, the better. Find out what the current utility costs are for the home by requesting invoices for your review. Keep in mind that these costs will fluctuate based on personal preferences & your usage as well. Talk with rural neighbours about well water as to flow / recovery rates, quantity & water quality. After all, you making likely the single biggest investment of your life!

Here are just some of the topics from 7 Things To Ask Before Buying A Home you might want to consider asking about:

Permits
Seller Property Information Sheet
Owner’s Manuals, Material / Installation Specifications
Homeowner’s Insurance Coverage
Warranties & Guarantees

Like any investment, your due diligence is key to buying your dream home.

When inspecting buildings we are often asked questions concerning various topics. Some of these queries can relate to issues not within the scope of a typical inspection. That’s not to say that information about these topics would not be useful however. For that reason, we wanted to include information on some of these topics your further review.

NOTICE: The information contained on the grassroots.ca website is not intended to be exhaustive nor does it necessarily apply to all buildings, systems, components and the likes. While some information may be able to be “transferred” to a building you’re interested in, it should not automatically be applied to it necessarily. It may however simply act as a prompter for areas you may wish to explore further. As such, the information herein is for information purposes only. It’s not intended to be an exhaustive listing of any / all related issues. Always consult a professional before purchasing, leasing or selling a building, or if proceeding with or considering any work to a building. Seek further professional advice, and, analysis including at least three (3) quotations from various professional reputable & qualified contractors before proceeding with any contemplated work, repairs, improvements, and / or, modifications to a building, to better establish the scope of any / all concerns.