In 2019, there were just over five million homes sold in the United States. This astounding number shows just how many people there was that year on the lookout for the home that would support their plans for life. As someone on the search for your next family home for sale, you are bound to be excited about examining the prospects.
While it is always recommended to go to a home showing and get a good, hard look at a house before you make an offer, you should also be doing some behind-the-scenes investigative research of your own as well. Here are a few ways to investigate a home you have found for sale before you make an offer.
1. Find out how many times the home has changed hands.
By checking the title or deed history of the property at the local courthouse, you can get an idea of how many times the home has been bought and sold. Most courthouses offer free online records of property deeds and sales documents, so you don't have to work too hard to find out how often the home has been bought and sold. This is important to know because a home that has changed hands quite a bit can be indicative that there was something dissatisfactory about the property.
2. Get a good look at the property via online maps.
Online maps like Google Maps can give you a nice, birdseye view of the property, which can be hard to get with an ordinary home viewing. Key in the address of the home for sale and get a good look at the satellite imagery of the property. Doing so can give you an idea of things like:
3. Look at the history of the listing price of the home.
If a home has been bought and sold a few times, it is a good idea to see how much the proposed market value may have changed over the years. You can get this information by investigating the sales and assessment history of the property, which can be something your real estate agent could help you with. Take note of if the property has lost value over time or whether its value has steadily risen. Single-family homes tend to be highly sought after properties, so a dip in market value could be a sign that the property has issues.
This website can serve as your home for information about real estate. Here, you will find articles about the buying process and others on the selling process. We've also included content related to getting a mortgage, finding a real estate agent, and scheduling an inspection. We hope that by addressing all aspects of the real estate world, we will make you better prepared to handle any real estate transactions that might be in your future. After all, real estate can be a really smart investment, but only if you buy the right home and know how much to offer. Start reading, and enjoy what you find.