Buying your first home is a huge life event. And it can be extremely overwhelming and seem like an impossible task at first. That is why many young families work through real estate agents or realtors. But even working with a realtor, it can be hard to remember all of the questions you need to ask. Here are a few questions to keep in mind when talking with your realtor about a property you are interested in.
What Is The Sales History Of This Property?
One of the first things you should talk about with your realtor is the history of the property. Understanding how many different owners have lived in your property, and how long they lived in it is important in your decision-making process. Property history can help you and others see how this property has changed hands over the years and might inform the price of the property. One thing to be on the lookout for is if the property was ever bank-owned or if the listing ever expired in the past. If this property has been difficult to sell in the past there may be reasons for it and it should affect its price.
Has This Property Had Environmental Tests?
Another important detail is to check is to see if the property has had appropriate tests recently done. This includes lead paint tests, asbestos tests, as well as tests done by electricians, plumbers, and other contractors. You want to be aware of everything that might be a problem beneath the surface of your new home. If your building doesn't have accurate or up to date tests, consider asking your realtor if they plan to have the home tested for lead paint, asbestos, or other hazardous materials before the property is closed on. Hazardous materials can be expensive to remove and replace, so it is important to know if any are present before you close on a property. Consider getting home inspection contingencies as part of the contract before you purchase a home.
Are There Any Assessments From an HOA
Home owner's associations can provide important documents including covenants, conditions, and restrictions. All properties that are part of an HOA or a condominium owners association have to abide by these documents. You should look into if your property is currently a member of an association and what stipulations come with that membership.
Environmental Testing in Boston
For lead paint, asbestos, and mold testing services in the Greater Boston area, please contact DCM Environmental Services. Our team would be happy to provide our testing services as well as explain how testing works.
