Before you make your final decision to submit an offer an a property critically assess it from the following perspectives:
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How good is this specific location?
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What is the overall neighbourhood like? What are the area trend lines?
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Is the property’s value in line with other recent comparable sales?
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Will this home fulfill your projected needs for the next five years?
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How far do you have to travel for schools, shopping, recreational facilities, public transit?
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If there is a Seller’s Property Disclosure statement, have you seen it?
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What home repairs have been made in the past 2 years? What repairs might have to be done in the next 2 years?
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Did the Sellers have a Home Inspection done when they bought the house? If so, is the written report available to you?
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Are there problems with drainage or runoff after a heavy rain or in the spring? Does the basement show any signs of moisture?
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Is there a recent survey? Are there any utility easements or encroachments on the property that might affect your plans for the future?
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If you were to purchase this property, could you handle all the associated monthly payments?
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Can you picture your family living here?
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At the end of a long hard day would you welcome calling this place home?
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If you were to hear that this particular house had sold to someone else, would you care?
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If you were able to satisfactorily answer all the above questions and you responded “yes” to question No. 14 then you should seriously consider instructing your salesperson to prepare a draft offer on the property.
Contact david@davidspeedie.com or 647 244 3931.
Is this the one? A 15 point hit list. Buyers take note.