Do You Know What To Look For In An Initial Walk-Through?

Do You Know What To Look For In An Initial Walk-Through?
 OMG John 8/30/2017 6:00 AM

The day has come. Your realtor has found a great home for you to see and she has set up an initial walk-through. If this is the first house you have looked at, then you are probably asking yourself what in the world you are supposed to be looking for when you are walking through?

Here are questions to ask and things to look for before, during, and after an initial walk-through:

Before The Walk-Through:

  • Ask your realtor why the homeowners are moving.
    Depending on why the homeowners are moving they might be a little more flexible on the price like if they are starting a new job and need to sell in a hurry or they might need the money from the sell of this home to buy a new one.
  • Is the asking price too high, too low, or just right?
    Your realtor is the expert on pricing and can tell you how the asking price compares to other homes in the area that are relatively the same as the one that you are looking at. If the asking pricing is low, there is either something wrong with the home or the sellers are just trying to get rid of the home.
  • How long has this home been on the market? And how many offers has it received during that time?
    If you are looking at a home that has been on the market for a long time, it might not be the most desirable place to live. The seller might also not be in a super big hurry to sell their home which means they probably won’t budge on the price. If this isn’t the case, you might have room to negotiate the price if the home isn’t getting much attention.
  • What kind of neighborhood is the home in?
    If there are certain things that you would like your home to be close to, let your realtor know so that they can look in areas that are important to you.

During The Walk-Through:

  • What needs to be fixed?
    Take notice of anything that might need to be fixed, even if it’s the smallest of things. Look for doors that don’t close all the way, cracks in the foundation, and rusty water fixtures.
  • How old is the roof?
    New roofs can break the bank and if the roof is more than 20 years old, then it may need to be replaced in the near future.
  • What comes in the new home?
    Ask what comes with the home when you buy it. This might include light fixtures, rugs, and furniture. Everything that’s there during a walk-through might not stay when you buy the home.
  • Are future renovations possible?
    Is this space going to be enough space for you and your family in the long run or could you make additions to the home? Your agent can help you determine if future renovations are possible.

After The Walk-Through:

After you walk-through the home, take the pros and cons from this home and compare them to the homes that you saw before this one and ask yourself what you can live with and what you can live without.

Knowing what to ask before you walk in a home can make the process of finding your dream home that much easier.

Looking for an realtor to help you find your dream home? Contact The Fairfield Team and we would love to help you out!