Questions First-Time Home Buyers Should Ask

Published:
November 8, 2012
Last updated:
January 26, 2022
Post cover image
In This Article

Buying your first home can be exciting, but you should also do your research to make sure that you ask the proper questions of the process, and make the best choices for yourself and your household.

For example, recommended questions first-time home buyers should ask home sellers include:

What major repairs have been made to your home?

Although standard disclosure forms are supposed to provide information regarding past damage and renovation to the property, there are occasionally repairs that are omitted or otherwise forgotten. Be proactive and ask pointed questions about the roof, the foundation, and the electrical system. Some home issue have a way of resurfacing many years later and it’s best to know in advance.

View Current Mortgage Rates

To which school district does the home belong?

As a first-time homebuyer, you may or may not have school-aged children. However, in many areas, public school rankings positively (or negatively) affect home values. Ask your real estate agent for school district data. Consider asking the seller for feedback, too.

Is this a “distressed” property, and what does that mean to me?

For many home buyers, the allure of a foreclosed home or a home in short sale can be large. Prices are discounted as compared to comparable real estate — sometimes by as much as 20%. However, many distressed properties are sold as-is, with little room for negotiation. This means that homes may be defective or, worse, uninhabitable. Ask your real estate agent for help with distressed homes and their suitability to your home buying needs.

After asking the above questions, and other questions, too, it’s important to remember that buying a home can be an emotional decision; and one that requires using your “brain” as much as your “heart”. Try to keep emotions in check so that you don’t overpay for a home that’s unsuitable, for example.

Get an Instant Mortgage Rate Quote Today

Have Questions About Home Loans?

Ready to buy your first home? Sammamish Mortgage would love to help! We are a local, family-owned company based in Bellevue, Washington and serve the entire state, as well as Colorado, Idaho, and Oregon. We have been offering mortgage programs with flexible criteria to borrowers since 1992. Please contact us if you have mortgage-related questions.

Other Blogs You May Like
How Seattle Couple Made Buying a Dream Home Cheaper Than Renting
September 30, 2022
6 min read
How Seattle Couple Made Buying a Dream Home Cheaper Than Renting
Johann Bruhner had some big changes in his life: he had just gotten a big merit raise and a cash...
7 Signs You’re Not Ready To Buy A Home In WA State
April 20, 2022
11 min read
7 Signs You’re Not Ready To Buy A Home In WA State
Those who are looking at buying a home need to think about whether or not they are truly ready for...
Show 21 more posts
from this category

Connect with a Mortgage Advisor Today!

Whether you’re buying a home or ready to refinance, our professionals can help.

Compare Mortgage Rates in Your Area Instantly

No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.

Subscribe to our newsletter