Questions to Ask a Home Seller Before Making an Offer

If you're getting ready to make a bid on a home, be sure you don't make an offer without knowing enough about the property. Below are some important questions to ask the seller before deciding if the home is right for you.

How Was the Price of the Home Decided?

Pricing a home is no easy task and it requires a lot of work. In some cases, it may seem like a home is overpriced, so you'll want to be sure the property is actually worth the asking price set by the seller. Ask the seller what factors were considered when pricing the home so that you understand why they're asking for that amount. If you want to do your own research, look at the price at which similar properties in the area were sold for. This will give you a better idea of the price range the home you're interested in should fall into.

How Long Has the Home Been on the Market?

Knowing how long the home has been on the market can alert you of potential issues. If the home has been listed for several months, this may tell you there's little interest in it, be it because of the price, the condition of it, or the seller. If the seller is eager to sell at this point, you can even use the time it's been on the market to negotiate a better deal for yourself.

The Importance of Title Insurance in Plainview, Texas

Before closing on any home, be sure your investment is protected with title insurance in Plainview, TX. To learn more about the importance of title insurance when buying a home, contact the title insurance experts at Countywide Title at (806)293-8363.


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