When you’re on the market for Dawson Springs property, you want to make sure you’re getting a house that’s in good condition at a fair price. Be sure to work with an experienced real estate agent, especially if you don’t currently live in Dawson Springs. They can help you find a great neighborhood and will know if the asking price is a good one. A good agent will also know about the price history of a house. Sometimes a home will be put on the market priced above market value and have to come down several times. These houses often spend more time than average on the market, and sellers may be more willing to negotiate on the price and other concessions.
Want to Live in Dawson Springs Happily Ever After? Get Plenty of Info on the House!
Here are questions to ask to make sure you understand the quality and condition of a Dawson Springs property before you sign on the dotted line.
1. What is the age of all the major systems? You want to know if the roof that will need major repairs or a full replacement in the near future. This may affect your ability to get a loan. You can also use it as leverage to bring the price down. Find out about the age of the HVAC system, the plumbing, and the electricity, especially on an older home. Older systems are more likely to need replacing, and you need to take that into account as you budget.
2. What is the repair history of the house? Make sure any additions have the correct permits to save yourself a headache later one.
3. Have there been any recent claims on the home owners insurance? If there have been, be sure to follow up and make sure the repairs were completed properly.
4. Is the area prone to natural disasters? Floods, tornadoes, wildfires--each one has the potential to destroy your house. You might also need to get a special clause in your homeowners insurance to cover it. Find out how much that will cost.
5. Are there health hazards in the house? Discuss with the home inspector whether there is lead paint, asbestos, radon, or mold. If the inspector recommends extra testing, it’s probably a good idea to go through with it. These are serious issues and can also affect a lender’s willingness to underwrite a loan.
Feel free to get in touch with our office so we can help you start house hunting in Dawson Springs and the surrounding communities.