Cosmic Structure limited- Real Estate Company in India, Corporate Park developments in Noida, Buy Commercial, residential projects in Noida, greater Noida.

Friday 11 April 2014

Things to Know Before You Make an Offer on a House

If you are a first-time real estate home buyer, you may be overwhelmed with the entire process. Many home buyers hire a real estate property agent and trust them completely. While a real estate property dealer and an attorney can offer you both guidance and support for buying both commercial as well as well residential property, it is most important to have a proactive approach. You should do your homework. You should be aware of every step. You should also question every people involved along the entire process.

Here is some important task that you should ask before making an offer:

What personal items will the seller include in the sale? Sellers tend to leave many items in the house, especially if they are moving to another city. While some of these items may be useful to you, others may not be.
Why is the seller selling the house? Make sure the seller has a good reason to do it. You would not want a house that the seller is selling for poor construction value.
How long has the house been on the market? If the house has been available for a long time, be cautious. Check why other buyers didn’t go for it.
What are home sales patterns in this area? Check the average time houses remain on market in this area. This information can be a huge determining factor, especially if you intend to sell the house in near future.
Check the other offers on the house and the price reductions. Ask your real estate agent if the sellers have reduced their original asking price. Your offer price will also depend directly on the number of other offers on the house.
What is the average price per square foot in the neighborhood? Check the per square foot price of similar houses in the area before determining the offer price.
How are the schools and school districts in the area? If you have young children, you may want to look for houses that are closer to good schools. Even if you do not have kids, good schools may be important for prospective buyers of your house down the road.
Check the safety record of the neighborhood. All these factors can impact the price of the house in future.