If you’re looking to buy a home in the near future, you’ll likely visit at least one open house during your house search. An open house is a great way to explore what different options are available in the area you’re interested in, and can give you a better idea as to what you can get for your housing budget. For many homebuyers, they find their dream home from an open house.
When you visit an open house, it can be easy to be dazzled by all the good things that the home has to offer. A home that is staged well, for instance, can easily mask certain things that might be wrong with the home. When you visit, the following are some of the things you’ll want to do, pay close attention to, and ask about:
The nose knows. Be wary of candles and air fresheners that are trying to mask unpleasant odors. While some smells might just be the result of the home’s current occupants (i.e. bad cooking, stinky babies and/or pets, and so on), other smells might signify that there is a serious and underlying issue.
If a real estate agent is hosting an open house, he or she may not know much about the neighbors, but it doesn’t hurt to ask. The homeowner might not be too eager to admit if the neighbors are problematic, either. If you are serious about making an offer on the home, stick around for a while and try to observe who would become your new neighbors. There’s also the irritating, busybody neighbor to look out for. If your potential soon-to-be home would be next to people that seriously have no life and wouldn’t stop bugging you all the time, stick around for a while—they’re bound to show up.
Once again, this may not be something that the real estate agent and/or homeowner may readily admit (or even be aware of), but pay attention to any potential structural issues with the home (uneven flooring, etc.) There are also possible problems that might not be noticeable to you, so remember to always get a home inspection before finalizing a sale.
Test random (but important) things
Flushing toilets and turning on water faucets, for example, can allow you see to see if the home has good water pressure. These are the kinds of things that you won’t be able to learn about in a real estate ad, so be sure to test them out before making an offer.
Why the home is on the market
It’s always a good idea to find out why the home is for sale. Maybe the owners are relocating for a new job or just a change of scenery. But is something wrong with the house? For example, does it have a creepy backstory and the owners have gotten pretty uncomfortable living there? You may be fine with it, but it’s definitely something you’ll want to know about upfront.
Are you thinking about buying a home, but need extra cash for your down payment? J.G. Wentworth can help if you’re receiving structured settlement payments. By selling some or all of your future structured settlement payments, you can receive more of your money sooner and in one lump sum. Like many of our other customers have done, you can use that lump sum of cash towards the purchase of a home and make your dreams of becoming a homeowner a reality.
Additionally, we also offer several mortgage options through J.G Wentworth Home Lending. If you’ll need to finance your home purchase, let us find you the loan that best suits your needs. Contact J.G. Wentworth today!