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Article #381: Checking Out Open Houses

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Becoming a home owner for the first time for you to hire a surveyor, so avoid
is a big step in any one's life. If you homes that obviously have a damp smell in
are young then you're probably plied with the basement (or excessive air
so much advice from older members of the freshener!)
family that your head is spinning. If you You can also ask to you use the bathroom
are not a spring chicken anymore, then and wash your hands - thus
everyone thinks you have all the answers surreptitiously checking the flushing
- but you don't! system and the hot water taps.
The decision is fraught with doubt for a It is a very good idea to check the open
good reason: it is probably the single houses in your area before you are ready
most expensive thing you have bought in to buy. This will give you more
your life. No-one wants to waste their confidence for when you are ready. There
money!Checking out open houses is one way are many question that you can ask the
to familiarize yourself with the real real estate agent who is showing the
estate market. house.
In order to feel you are making a good For instance you can ask about the
investment you need to start studying the neighborhood and the larger area. Ask for
property market of the area you plan to the pros and cons so that you can hear
buy in. Read the local ads in the both sides. Find out the average street
newspaper both by realty companies and price. Ask about the defects of the
the ones that are 'sale by owner'. If you house! Remember the person showing the
are on a low budget, and notice a house may not always be the listing
consistently cheaper area, drive over and realtor, but you can ask if this is the
check it out. Also check it out at case.
night-time. Get used to asking if there has already
Often when we are planning to buy our been any offers on the house. If so why
first home, we have lofty ideals that the were they rejected, was it because the
bank do not seem so keen to back up! You price was too low, or was it the
may have to fore-go the second bathroom conditions of the agreement? Ask if the
or the laundry room or a deck,to buy a seller has any conditions attached to the
house within your price range. But, once sale (i.e. they may want 4 months to
you have your foot on the property completion).
market, you can work towards 'moving up' Give a careful look at the outside of the
the property ladder, instead of house near the ground, check for water
struggling to keep your down payment up leakages. Are the gutters spilling over -
with it. this may indicate how well the house is
If the house needs a coat of paint or if looked after.
the exterior is very plain, try to Does it have any noise issues? Is it near
visualize it with a porch that you can a railway line, a shooting range, or a
add, or with shutters or painted an club that turns out late at night? Do not
exotic color. feel embarrassed to ask questions. Once
There are some flaws which you do not you have checked out a few open houses,
want to consider, and these run into the you will feel more comfortable about this
structural, electrical and water and also more knowledgeable about what
problems. A surveyor will spot these for type of house feels right for you.
you. However it is more financial outlay






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