- Will I help you compose your offer to purchase a home? If not, who does help? Ask for a blank sample copy of the contracts, riders and addendum’s to take home and
familiarize yourself with them..
- What types of disclosures are sellers in your area required to give to buyers? Ask for sample copies of typical disclosures.
- What types of home inspections are standard in the area?
- Are there other inspections that the recommended? Who is available to do the inspections
- How much do the inspections usually cost?
- Are they regarded as a buyer expense?
- When are inspections done?
- What typically is reported after the inspection?
- When should we expect the report
- Is a survey required for most transactions?
- Who typically pays for it, the buyer or the seller?
- Does an attorney or title company do a title search to verify that the deed is problem free?
- What’s the average cost for that service?
- Who acts as settlement agent, the person who puts together final paperwork for you to sign? (attorney, title company personnel, real estate broker, other)?
- Other than loan costs, what’s the average total cost for other closing fees?
- Taxes, settlement agent fees, etc.
- How long does it usually take to close on a home once an offer is accepted?
That’s a good start. After you have the answers to those questions, you’ll have a better feeling for the basic process of home purchasing.
