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Updated by Nancy Braun on Jun 18, 2018
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Nancy Braun Nancy Braun
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Top Questions to Ask Before Buying a Home

Ready to buy a home? Be sure to avoid unwanted surprises after the big purchase!

We’ve pulled together a list of the most important questions to ask when buying a Charlotte NC home. Check this list on What Questions Should You Ask Before Buying a Charlotte NC Home?

Source: https://showcaserealty.net/questions-to-ask-before-buying-a-charlotte-nc-home/

1

What is the market value of the home for sale in Charlotte?

What is the market value of the home for sale in Charlotte?

You should have been informed by your real estate agent about your market value,but if not, please ask. There is no right or wrong answer when it comes to buying a home, because you want to learn as much information as you can about the home you want to make an offer to.

2

When was it last sold and how much did the seller pay for the home?

Knowing the original value and comparing it with the current value will give you an idea about the market. If the home was sold five years ago, and the market has not drastically changed, there shouldn’t be much of a price difference.

3

How long has the home been on the market?

Homes that have been on the market for six months or longer typically means that it is overpriced. It can also mean the owner may be willing to negotiate and lower the price.

4

Did the current owners do renovations or upgrades?

The answer to this question will help you gauge how much money was used to improve the home, and how much they are expecting as ROI.

5

What’s the HOA and utility cost?

You want to have an idea of how much your monthly expenses will be, because you’ll also be paying a monthly mortgage.

6

What are the closing costs and will the seller help with the closing costs?

You need to find out how much the closing costs are so you will not be surprised when you have to pay them at closing. Also, you need to know if the seller is willing to make concessions and pay some of the closing costs.

7

What were the problems you encountered while living in this Charlotte property?

Before you sign on the dotted line of the contract, ask the seller if there are issues with the home. Don’t expect the seller to disclose everything, but at least you’ll have a general idea of what to encounter when you live there.

8

Do the appliances have warranties?

Though the appliances look new, it is always better to know when they were bought and if they still have warranties, because you never know when they’ll stop working.

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    Nancy and Showcase Realty are nationally recognized consistently ranking in the Top 1% America's Best Agents category for sales and volume, by RealTrends (The Wall Street Journal). Additional designations and accolades include: Certified Member of The Institute for Luxury Home Marketing, The Initiative for a Competitive Inner City (ICIC), FORTUNE ranked Showcase among the fastest-growing inner city businesses in the U.S. for the 2014 Inner City 100, 2014 Charlotte Business Journal Woman in Business award, City of Charlotte Crowns of Enterprise Award, Finalist for Charlotte Athena Leadership Award, Advisory Council Chairperson for the Federation of REO Certified Experts (FORCE) in 2017, Charlotte's best real estate agents (Charlotte Magazine, Five Star Real Estate Agents in Charlotte). In addition, Nancy was recognized as one of the "50 Most Influential Women in Charlotte", by the Mecklenburg Times in May 2017.

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