This regularly-scheduled sponsored Q&A column is written by Adam Gallegos, Arlington-based real estate broker, voted one of Arlington Magazine’s Best Realtors of 2013 & 2014. Please submit your questions via email.
Q. It’s been a while since we purchased our home so we are a little rusty. Can you provide me with some questions we should be asking the sellers of homes we are considering?
A. You’ll want to tailor a list of standard questions to your specific concerns, but here are a few good questions to get you started.
Why are they moving? I usually ask this out of curiosity if nothing else. Sometimes it gives me insight about limitations of the home (i.e. the house was not big enough for children). Sometimes it tells me a little bit about how motivated they might be (i.e. they have already purchased a new home they are moving into).
Have they had any issues with water infiltration? This is something they should disclose to you, especially if you ask directly. You’ll want to know about any flooding or major leaks, even if they have been fixed. If nothing else, it will help your home inspector look for issues.
Have they had any other issues with the house? They are required to disclose any latent defects with the house, but by simply asking the question you may learn a whole lot more about things they have dealt with in the past.
Do they have approved permits from Arlington County for any work performed on the house? Don’t make assumptions just because the home looks nice. Ask the question and verify documentation.
Can they provide utility bills for the past 12 months? Utility usage is going to vary from household to household, but this will give you some idea of what to expect.
Have they received any other offers? If an active offer exists, you will need to find out when they plan to make a decision and if there is still time for you to submit an offer. If an offer was received previously and did not ratify, I like to find out as much about that other offer as possible. It may give you some clues about the seller’s threshold for negotiating certain terms.
Please keep the questions coming to [email protected]
The views and opinions expressed in the column are those of the author and do not necessarily reflect the views of ARLnow.com.
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