You may have walked through the front door and felt that click that indicates that this is unequivocally the home for you. That is your heart talking! But before you sign on the dotted line, ask your head to answer these four questions:
1. “Will this house have good resale value?”
If the home is in an area of typically slow sales or economic ups and downs, this could create a problem years from now when you decide to sell. Making a smart investment involves thinking about resale value.
2. “Is this location good – both now and for the future?”
Have you considered what the area is going to look like in five, ten, or twenty years? Investigate the area’s plans for development before you buy.
3. “How has the area appreciated over the last five to ten years?”
If you are trying to choose between two homes, looking at historical appreciation rates for each area may help you determine a clear winner.
4. “What is the true condition of the property?”
If the inspector finds a major problem, or what could turn into a major problem now the road, getting the problem corrected before the sale will help retain that future value.
Of course, what has happened in an area historically may not predict what will happen in the future. Thinking of a move this year? Call or text 206.730.0962 or send an email to firstname.lastname@example.org.