Even though banks may be raising mortgage rates, it won’t stop Canadians from buying homes.
So make sure clients ask these important questions before signing on the dotted line, says gobankingrates.com.
1. What is the neighbourhood’s crime rate?
You want your clients and their families to be safe. Plus, a high crime rate will lower the value of the property.
2. Can I see the seller’s disclosure?
This reveals known defects of material facts that can affect desirability or value.
3. What home inspections are available?
Aside from the standard home inspection, also consider getting chimney, sewer line, pool/spa, geological and drainage inspections.
4. Why is the house for sale?
Understanding the seller’s motivation for selling might affect your client’s desire to buy.
5. Are smoke detectors properly installed?
Read five more questions to ask.
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