6 questions you'd never think to ask, but should if you are going to buy a house

When you buy a house, it occupies a prominent place in your list of priorities. It's the house that has everything you've always dreamed of and more, it can be tempting to do it almost without thinking and close the deal as quickly as possible. But slow down!

All aspects of a home are not perfect, and few know it better than your real estate agent. And this means that it is time to get serious, sit down with this professional and pepper him with questions about the place you expect to be your future home.

And while some questions seem pretty obvious, if they offer you a full price, how much time do you have to close the transaction? There are many other questions that you may not think you should ask an agent at this crucial juncture. But you should!

1. Would you buy this house?

This question is the definitive one to know if you should buy that house. If your real estate agent has reservations about buying the house, it is a red flag. If after asking the question you have a feeling of lack of enthusiasm shown by your agent with the home, ask him why. Your answer could also help you to know more about the house you are so excited about.

2. What is the sales history of the house I like and how could it affect my offer?

Before making an offer on a house, ask your agent for the property's sales history, which is what the real estate agent advises you. Was it previously an expired listing? Was it leased? Was it ever a bank property or another type of home in difficulty? The answers to these questions may suggest that the house has had problems selling in the past, which could mean that you could buy this house at a much cheaper price.

3. What contingencies do you think are worth getting and skipping?

When buyers and agents agree to buy or sell a house, sometimes they think they can go back, but when a real estate agent accepts an offer from the buyer, both parties sign a legally binding contract, an official document that requires both the buyer and the seller to execute the transaction.

Some contracts have incorporated clauses that allow the buyer or seller to reject the deal without penalty.

But you have to keep in mind that how binding that contract is depends on the details within the contract. Some contracts have incorporated clauses that allow the buyer or seller to reject the deal without penalty. And clauses are often included for an inspection of the house and an evaluation.

But keep in mind that having too many clauses tends to discourage sellers, so you have to make sure you find the right medium point by asking your real estate agent for guidance. A very common example is to forgo giving up one of the house inspection clauses if the house is newly built, while it is more essential with an older house that could need major repairs.

4. Coming soon is a condo evaluation or homeowners association?

When you buy a condominium or a house within an association of owners, you will receive the financial documents of the HOA, these provide important information for the owner, such as reserve funds and CC&R (agreements, conditions and restrictions).

These documents and disclosures of condominiums may have hundreds of pages, which very possibly can overwhelm home buyers, who may forget to verify, within that information, if there are future assessments. These evaluations consist of periodic payments made uniquely to the HOA above the monthly rate, usually to cover capital improvements or repairs. Because they will affect your monthly housing expenses, you will want to know if they can increase soon, and your agent is an expert in navigating these documents to determine the answer.

5. What's happening in this neighborhood, and how will that affect home prices?

Good real estate agents hear everything about what's happening in the communities where they do business. And while federal fair housing laws prohibit real estate agents from commenting on the demographics of a neighborhood, your agent can provide information about whether you are making an adequate investment, based on local real estate market trends and the economic factors that affect the real estate market value of the house.

So go ahead and ask: Are the neighborhoods home prices rising or falling? Are there new amenities (e.g., parks, shopping, public transportation, Whole Foods) being built in the area?

These are all important things to consider before buying a house, and a real estate agent can help you decipher these things and really tell you what's up.

6. Can you recommend a housing inspector / real estate / real estate lawyer in the area?

The experience of local professionals is important, not only with the real estate agent you hire, but also with the other professionals you must meet while negotiating the purchase of this property. So if you need recommendations for a home inspector, handyman, real estate attorney, or anyone else on your home-buying journey, make sure to ask your agent for recommendations to boost the odds of smooth sailing.

To finish with the article of the 6 questions that you should ask when you go to acquire a property, it is important that you do an initial checklist.

A list of questions that you would like to ask each one of the professionals that will advise you when you are going to make the choice of the best option for you.

And do not leave the notebook at home, take it with you to write down every aspect that you find interesting, since you will not have a more important commitment than buying a home.

I hope this article has been of great help to clarify the most relevant aspects when buying a house. Good luck!