Guest Blog By: Lisa Roberts
Life is full of decisions, however, some are more important than others. We’ll agree that buying a home is one of the biggest decisions in life. That’s the reason to approach this whole process with proper care and curiosity.
First of all, there are some important things to consider before buying a house in Las Vegas, especially if you’re doing it remotely. Next, you need to get all the necessary answers. Read on and consider these important questions to ask before buying a house in Las Vegas.
Buying a home is a serious investment, and there are always more questions you can ask to make sure that you’re on the right path. If you’re coming from an area where houses are much more expensive, the low price of the property might distract you during this process.
Always ask before buying a house in Las Vegas
Every market has different prices and different kinds of properties for sale. For example, the median house cost in California is more than twice the amount of the median home price in Vegas. So if moving here from neighboring California the price of the property in Las Vegas might not seem like too big of a deal. However, you should also know that on average, a home in Los Angeles, for example, is 133.3% younger than a home in Las Vegas. So, there are more than enough reasons to want to get all the information you need.
Questions to ask the seller
Keep in mind that someone selling their property may not answer your questions honestly. However, the truth is that unless it’s a sale by the owner, you won’t even get to talk to the seller in the first place. In that case, your representative should ask the owner’s agent. If they don’t answer, or don’t answer honestly, your agent can help you read between the lines. So, here’s what you should ask before you buy a home in Las Vegas.
Why are you selling your house?
It would be very useful to get an honest answer to this question. If something is wrong with the house, or the neighborhood, or maybe even schools in the area, you should know this before you decide to buy this home. But, if the sellers are moving for some other reason and they’re in a rush, this is something you can use to your advantage, as your lower offer will have a better way of getting accepted.
How long has the house been on the market?
There are a couple of reasons why the house might be on the market for too long. It might be that the house was priced too high. However, after spending some time on the market, the house becomes harder to sell, as the buyers think that there has to be something wrong with it. But, if the only reason was the high price, the seller might be more willing to get it over with and sell it to you.
What’s the neighborhood like?
The quality of the neighborhood is one of the most important factors for home buyers. Noise in the neighborhood, crime, a problematic neighbor, and no parking spots are just some of the reasons to think twice before moving to a certain neighborhood. However, usually, you won’t get an honest answer from the home seller. But, you can go around and knock on the doors to ask other residents how they feel about the neighborhood.
How old are different parts of the house?
Key components like roofs, heating and cooling systems, even electrical, plumbing, and septic systems have a predictable life span. It’s important to know the condition of these elements, as it will reveal if you’ll have bigger expenses in the near future. And of course, you should ask if there have been any serious problems with the house in the past, like clogged sinks, for example. Don’t forget to ask for documentation that proves that the previous home improvements were done according to regulations.
What’s included in the sale?
What are you getting for the purchase price? It’s one of the important questions to ask before buying a house in Las Vegas. Anything attached to the house is considered a fixture and should be included when purchasing a house. Some appliances and outdoor non-attached items are usually not included. However, depending on the state laws, some items that you believe are included might not be. Ask what’s included with the sale and what’s not. And if you want a certain item, check if the seller would include it.
Are there other offers on the house?
There’s a good chance that the seller won’t tell you, but their agent might. However, due to an imbalance in supply and demand, Las Vegas buyers might need to prepare for a bidding war. So, the more you know about the competitive offers, the more you can use it when preparing offers and counteroffers.
Other questions to ask before buying a house in Las Vegas
The home seller doesn’t have all the answers you need. These are other important people involved in the process:
Home inspector – Is a certain issue normal wear and tear, or a real problem? When talking with your home inspector, all the questions you should ask before buying a house in Las Vegas come down to this main question.
Your lender – Before you agree to a mortgage deal, ask if there’s a way you can lower your costs, get a better interest rate, and find out what you should expect your closing cost to be.
The right time to ask
Due to the pandemic, the whole process of buying a house became slightly different. However, the questions to ask before buying a house in Las Vegas remained the same. Don’t let the pandemic distract you and stop you from getting all the answers you need. Remember – if house owners can sell their homes while social distancing, you can buy a home and get all the answers you need while social distancing as well. These circumstances should not stand in the way of you buying a home that you deserve.