Many questions will come up once you start your search for a new home. While many of these questions will be specific to your needs and wants, as well as to the houses are you looking at, there are a few questions you need to ask every time you see a new listing.
Question 1: The age of the house
KNowing the age of a house will give you an indication about its condition. It goes without saying that the older the house, the more likely it is that it will need repairs and renovations. Never assume that new(er) homes will be free of problems either. If they were built within a short time, chances are that the problems just aren't visible yet.
Question 2: The time it was owned by the vendor
Brief ownership (i.e. less than a year) may indicate hidden problems or that the house was flipped - purchased only to be fixed up and put on the market for profits. If the previous owner did a good job at renovating the house to justify its increased value then great, but make sure they didn't focus solely on cosmetic changes to cover up mechanical and structural issues.
Question 3: Renovation and sales history
You’ll want your agent to give you a list of the recent sales activity of the house to see the number of previous ownerships. If the house has changed hands often, it might suggest major problems.
On the other hand, having a list of the recent sales can help you assess whether or not the selling price is fair. You’ll be able to see how much the previous owner paid for the house and find out what changes or improvements have been made to justify its current asking price.
You can't ask too many questions from your agent when buying a new home, so feel free. If you have any questions about the Red Deer real estate listings, ask away and we'll be happy to answer all your queries.