Questions to Ask at Open Houses for The Greater Toronto Area Real Estate
Friday Sep 03rd, 2021Share
HOW OPEN HOUSE FUNCTIONS
In an open house, you are presented with an opportunity to scrutinize the GTA real estate that you would like to purchase. Moreover, you also have the chance to talk with the REALTOR® and address your issues and hesitations.
It can be difficult to know what you must ask. Here, we have outlined a few example questions that you can ask at the next open house.
Why has the seller decided to sell now?
By asking the REALTOR® why the seller is moving, it is possible to learn valuable information that can help determine your bid. Knowing if the owners may go into foreclosure or if they’ve retired after paying off the home can assist you in understanding the urgency of the sellers to sell their GTA real estate.
Have you had any other offers?
Remember that you are not merely negotiating with the seller for a particular price. Instead, you are essentially competing with other potential buyers and thus, knowing what you are up against can be really useful. Furthermore, you can also ask the REALTOR® to reveal the amount of different offers.
Does the property have special ownership costs?
Ask the REALTOR® regarding the expenses associated with the property ownership, including maintenance fees, POTL or road fees within a condo complex or a gated community. Understand the extra expenses included, to make an informed choice.
What furniture and appliances are being sold with the house?
The majority of the time, a seller tends to incorporate their major appliances, including the refrigerator, stove, dishwasher, washer and dryer with the home. However, this does not always hold true. In case you do not own any of these items, it is best to learn if they are incorporated in the purchase price.
The open house can help you learn more about the home before you make any decisions and thus, it is important to ask the right questions. To learn more regarding attending GTA real estate open houses, contact me at 1-877-824-2747 or email me at firstname.lastname@example.org.
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