What to Ask Before Buying a Wellesley Home

If you're a first-time homebuyer, or even if you've been through the process before, knowing what to ask a seller or real estate agent can make the process smoother and ensure that you are making a wise investment. As you investigate the Wellesley, MA real estate market, here are a few questions you should be asking.

How much is the home worth in the current market? 

Ethically, real estate agents can't tell you what you should offer for a home. However, you can find an approximate home value by asking the agent how much similar homes and properties nearby are selling for.

Are there any problems with the house?

When you buy a home, you want to be aware of any potential problems like roof, flooring, window or foundation damage. Sometimes homeowners are willing to make needed repairs for a seller and the right price. Other times you will need to make the repairs yourself, which will mean additional expenses.

How old is the home and its appliances?

Knowing the age of the home and things like the plumbing, roof, air conditioner and any appliances included in the sale can help you determine if there may be maintenance costs to cover in the near future.

Is the home on a flood plain and what is the property tax liability for this home?

If the home is situated on a flood plain, you'll need to invest in flood insurance. Also ask about the property taxes for the home, since both of these aspects will be determining factors of the cost of living in the home.

What are the average monthly utility costs?

Your monthly utility costs will fluctuate depending on your personal use and family size, but knowing what the seller pays can help you estimate the utility costs you can expect should you purchase the home.

What kind of neighborhood is the home in?

The type of neighborhood you are looking for is a personal decision, so ask the right questions for you and your family. For example, you may ask about nearby schools or the demographics of the neighborhood. Things like access to public transportation, hospitals and shopping may also help you determine if the home is right for you.

Why is the seller moving out of the home?

If a seller says that he or she is moving due to reasons directly related to the home or property, you should carefully consider your investment. Common reasons to move range from outgrowing a home to relocating for work, but if the reason includes problems with the property, you may want to reconsider your offer or even whether or not you are still interested in the home.

These are just some of the questions you should ask as you look at homes and start the buying process. There is a lot to know and consider when investing in a home, and an experienced real estate agent can guide you through the process. For assistance finding a Wellesley home for sale, contact Christine Norcross at 781-929-4994.