INVESTIGATING THE PROPERTY
Investigating the property is probably the most important step in buying a property, and perhaps, one of the simplest to neglect. Most buyers on a mission to find that perfect home have a mental checklist of what's truly important to them, and while buyers may inherently know what they want, a Realtor will not know unless told. Asking a Realtor to find a â€œgoodâ€ house in a â€œniceâ€ neighborhood sounds elementary and obvious, but a Realtor's mental template for â€œgoodâ€ and â€œniceâ€ may be very different from the buyers'.
In the home-buying process, both the Realtor and the buyers have responsibilities. It is the Realtor's role to search through listings and find properties to show the buyers. Once the buyers have zeroed in on a property, the Realtor may supply them with specific information concerning the property obtained from the seller or public agencies. (It is important to note that as this information may be gathered from various agencies and departments that use the information for their own purposes, the information may or may not be up to date or accurate.) While the Realtor is performing his or her job, the buyers should also be engaged in the process, They should be looking for those conditions or aspects of that house or that neighborhood that could make or break a deal for them. So, despite the fact that the buyers may have a lawyer, a lender, a Realtor and a cadre of home inspectors on their home-buying team, buyers must assume some of their responsibility for the fact gathering. For instance, if the zoning of the property is important so that a home business is permitted, speak with that town's zoning authority. If adding onto the property is in the future plan and the location of the boundary lines is key, speak with that town's building department. If knowing that a convicted sex offender is living nearby is of paramount importance, check with the Police Department, the State Department of Public Safety or the state's sexual offender registry. Bottom line â€“ be smart and verify the information that is important to your personal buying decision.
Buying a house isn't something that happens to you it's something you make happen, so make it what you want by not leaving those issues that are important to you unattended. While your Realtor has been schooled in many aspects of the buying and selling real property, mind reading was not included in the curriculum; therefore, your Realtor won't automatically know what is important to you. Just because the information you thought was important wasn't readily available initially, don't assume that it will magically materialize later on in the process. If there are conditions or issues that are of particular interest to you, engage in the process, roll up your sleeves and be diligent about ascertaining the facts.
Weichert Realtors, Suburban Properties
Cell: (401) 391-2324
2001 Connecticut Association of Realtors, Inc.