Think About These Questions Before You Go See A House You Want To Buy


Think About These Questions Before You Go See A House You Want To Buy
By Scott Rogers • June 20, 2023
The market is still moving quickly in Harrisonburg and Rockingham County. As such, once we walk inside of a house, and you decide you like it enough to make an offer, the clock will start ticking. We'll have a limited amount of time for you to make a few big decisions... [1] What price do you want to offer? [2] Do you want to include an escalation clause? [3] How high will that escalation clause go? [4] Do you want to include a home inspection contingency? [5] Do you want to include an appraisal contingency? Some of these questions are certainly property specific -- and your answer will be different when asked about different properties. But some questions can be made somewhat more generic... [1] Will there ever be a time when you are comfortable making an offer without an inspection contingency? [2] Are you comfortable paying more than the appraised value for a house? Including a home inspection or appraisal contingency (or both) will definitely make your offer less competitive if there are multiple offers and if one (or more) of the other offers does not include either or both of those contingencies. So... before you go see a house that you then might discover that you love... think about... [1] Would you be comfortable buying a home that you love without doing an inspection? [2] Would you be comfortable paying more than the appraised value for a house that you love? Thinking about these questions generically will prepare you for when I ask you to think about your answer to that question when we're inside of one specific home. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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