When searching for a home, it helps to have a list of questions ready for your real estate agent. More questions will arise that will be specific to the houses you are browsing, but here is part II of our six essential questions you should ask agents every time when you see a new listing:
Question 4: Building permits and inspection reports for previous work
You will likely need building permits from your local building authority to conduct renovations. These permits, as well as the inspection reports made during the work stages, are important records that should have been kept by the previous owner to be made available to prospective buyers. If you have hard evidence for the work that was done and approved by building authorities, it would provide an extra layer of security for you.
Question 5: Previous business operations (if any)
With the prevavance of home-based businesses in today's economy, you will want to know if any businesses have operated from the property which may have involved structural alterations which could lead to problems. Ask your agent to disclose whether or not the house was previously used for business of any kind. Your agent might be able to spot telltale signs of structural damage as well.
Question 6: Risk of flooding and earthquakes
Sometimes a house with an attractive price may have a dicey geographic location that puts it at risk for certain natural calamities, such as floods and earthquakes. Is the area at risk for flooding? Verify if the property has ever flooded in the past. Find out if the location is on a fault line and whether or not there is a history of earthquake activity in the area. Always make sure to ask if the house is at any risk for natural disasters before making the final purchase arrangements.
Your real-estate agent should be able to provide you with answers to all these questions. For questions specific to our listings in Red Deer, please don't hesitate to ask. We will be more than happy to help.