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What is the neighborhood (and your neighbors) like . . .are there certain
features in the area that would affect the value of this property in the future?
What are the realty taxes on the home?
What are the utility costs, especially hydro if the home is electrically
heated?
What home repairs have been made in the past two years?
How far do I have to travel for schools, public transit and shopping?
What major repair expenses do I have to look forward to within the next
two years?
What is the traffic flow in front of or near the property, any main roads,
bus routes or railway tracks?
Are there any utility easements or encroachments over the property?
Is there a fairly recent survey that shows all the buildings and additions
on the property?
Has the property had a Home Inspection done when the present owners bought
that you could check to see what minor and major problems there were? Ask
the vendor for a list of those problems that were fixed!
Has the homeowner signed a Disclosure document? (they are mandatory)
How much are the closing costs...and is there a better time in the month
to close to minimize them?
Who has the best rates and service in the mortgage field.. bankers or mortgage
brokers?
How do you select the best lender to work with?
What are the other comparable homes in the area selling for? You don't want
to overpay or get carried away by snazzy finishing touches in a home which
may be priced higher than other neighborhood homes.
How flexible are vendors usually on their asking price? At what price do
we start with when we go to put in an offer?
How is my financing approval determined? Is there any beneficial existing
financing on the property that I can assume?
What does the yard look like when it isn't covered with snow? Are there
any problems with drainage or runoff after a heavy rain or in the spring.
Does the basement show any signs of moisture...can it be fixed simply by
cleaning/repairing the evestrough or is it a more serious problem?
What can I have included in the sale? Are there any exclusions?
