10 essential questions to ask a seller

So, you’ve found a house that you want to make your own!

But before you get too excited, there are some questions that you might want to have up your sleeve to ask the vendor. Knowing the answers to these vital bits of information can help you to make an informed decision about whether to put in an offer.


By Raman Sandhu

We round up ten of the most essential questions that you should ask a seller…

1.       Why are the sellers looking to move? It is important to understand why the house is on the market in the first place. If the seller is in a hurry to move out, then that might give you more room for negotiation.

2.       How much did the seller pay for the property? Knowing how much the seller paid for the property will give you a sense as to which direction the market has moved. It will also help you to gauge how much you can negotiate on the asking price – if they bought it at a low price then they will make profit and could be open to more negotiation than if they bought it at a similar price to the asking price.

3.       How long has the house been on the market? If it has been on the market for a while, there may be a reason for this – especially in this current climate. Price check similar properties in the area and probe the agent, too.

4.       Has the house had any building work done? Are there any building certificates or warranties that you need to be aware of? What did the building work consist of? There may be more problems further down the line.

5.       What’s included as part of the sale? Will any white goods be left behind, or any bespoke furniture that needs to remain behind? Make sure you negotiate this before you purchase.

6.       Parking If there is no driveway and you need to park a car, it is important to know where the current residents park – otherwise this could become very inconvenient.

7.       Bills Find out what the average electricity, gas and water charges are for the property. You will need to budget this in to your expenses, as well as the council tax band.

8.       Part of a chain The shorter, the better! If you are in a hurry to move, it may well be worth checking in advance to see how many people rely upon these sales.

9.       Info on local area As well as the convenient places – such as shops, petrol stations and schools – you should also check to see if there any planned developments around the new area, that could affect your new purchase.

 

10.   What are the neighbours like? Nobody wants to live next door to a drummer who decides to practise with their band in the early hours! Find out who your neighbours are – before you purchase the property. 

10 questions to ask a seller