8 Key Questions to Ask When Buying a House
Although, for many people, homeownership is a significant milestone in their life. Not knowing the right questions to ask when buying a house is financially unwise.
So, although they may have a huge and beautiful house, they may not have the money to support their other needs. This situation is often referred to as “house poor.”
How Much Can I Afford?
So, don’t be caught off guard by doing your due diligence on the property. Expect a house in an appreciating area with a good school district to have higher property taxes than houses in the opposite condition.
How Much Are Property Taxes?
Aside from making a down payment on the house, there are closing costs to complete the real estate transaction between the buyer and seller. These closing include an origination fee, title search, title insurance, and appraisal fees.
How Much Are Closing Costs?
If the house has been sitting on the market for some time, it can make you question if recent home buyers have discovered something odd that you haven’t yet. So, be sure to ask!
Why Is the Seller Leaving?
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