Questions To Ask Before Buying Salem Oregon Real Estate

Posted By David Whitton @ Apr 9th 2011 10:35am In: Buying and Investing in Salem Real Estate

So your life circumstances indicate that now is the time for you to buy a piece of Salem Oregon real estate. Perhaps this will be your first home or you need a larger space to accommodate a growing family. You may be in search of a better school district or be forced to move because of your job. Whatever the reason for your housing search, there are four basic areas you need to investigate and specific questions you should ask before making a final decision on any house.

  1. arrowsWISH LIST: Before you actually tour any Salem Oregon real estate, you should determine exactly what you are looking for by asking yourself (and your family members) questions such as "What type of house do I want"? How much space will I need? What type of community and amenities are important to me? How much can I realistically afford to pay?
  2. LOCATION: Once you have narrowed down your neighborhood choices, do further exploration of these locations by asking about zoning, since apartments and commercial/industrial buildings lower the real estate value of homes. Is the appearance of the community appealing? Does the school district have a good reputation/rating? What about noise? Consider nuisance factors such as traffic sounds, barking dogs, railroad tracks, etc.--anything that will disturb or annoy you on a recurring basis. Ask, too, about property easements, commuting time to and from work, and demographics. Will you be the only family with young children or the sole 50+ resident in the neighborhood?
  3. CONDITION OF THE SALEM OREGON REAL ESTATE: In order to determine and structural or maintenance issues, ask about the age of the house, roof, and appliances. What kind of foundation and insulation does the home have? If you're looking at an older property, ask if the plumbing and electrical systems have been updated. Has the house been inspected or appraised recently, and, if so, were any problems documented? Will the exterior of the residence require annual maintenance?
  4. COST: Asking the right questions in this area is extremely helpful in determining your offer on the Salem Oregon real estate. Inquiring about neighboring comps, what the seller paid, and how much he owes will give you an idea of the rise/fall of nearby prices and alert you to possible short sale or foreclosure status. Ask how long the house has been on the market and if there have been any offers; perhaps the seller will be willing to negotiate price or offer incentives. Addition inquiries should be made re: the cost of insurance and property taxes on the property and the amount of any homeowners' association fees.

Arming yourself with answers to questions such as these should help you make an educated decision as to whether or not a particular piece of Salem Oregon real estate is for you.



Comments (0)

Comments have been closed for this post.
Please contact us if you have any questions or comments.




Create Profile   Lost Password?

David & Dewey Whitton
The Salem Real Estate Group
6444 Fairway Avenue SE
Salem, Oregon 93706

Direct Line: 503-949-3623
Fax: 888-299-8055
Email Us