Found an Anchorage House for Sale, Now What? 4 Things to Look For Before You Buy
by Dan Wolf
on Friday, July 19th, 2013 at 1:29pm.
You've found an Anchorage house for sale that you like and you have your down payment and preapproval ready. Time to buy!!! Right? Wrong.
There are still a few things that could go wrong. Our experience has taught us to never rush through closing the deal on an Anchorage house for sale until you've done all of your homework.
We don't want you to make a purchase and then end up with the dreaded... BUYERS REGRET. We hate those two words and so should you!
Here's what you should never ignore once you've found your dream home.. but before you sign on the dotted line:
4 Things to Look For Before You Buy an Anchorage House for Sale
1 Don't ignore the cost of maintenance and repair. Here's the problem. Many buyers find an Anchorage house for sale and all the see is the beautiful porch, the stunning views and the massive open floor plan. What they don't see is the bumps and bruises.
When we say "bumps and bruises" we mean heating and cooling systems that are out of date, bad plumbing, leaky roof, etc. It's important to discover things early before we place a bid because we can possibly make the seller pay for them.
2 Don't forget the home inspection is only one of many inspections. Many of you get the initial home inspection done and rush into finalizing everything. But slow down. A home inspector cannot find pool leaks, electrical problems, roofing issues, bad sewer systems, root intrusions and other things in an Anchorage house for sale.
Missing these things can lead to you spending more money down the line.
3 Don't forget that condos need research too. Just because you are not buying an Anchorage house for sale, doesn't mean you don't need to do real research into condo purchases as well. Buying a condo is less maintenance... yes. But there are still other things that need to be considered.
Don't just trust an HOA brochure but inspect their documents and building insurance coverage on your own. Find out if they have any pending litigations. Read the CC&Rs (covenants, conditions and restrictions)... you should even check the financials and the board minutes and ask questions if you don't understand something.
Why? Because you want to make sure they have enough money to pay for repairs, that they don't have any building issues and that they will accept you pets, if you have any.
4 Don't forget to check the neighborhood. And not just in the day time. Go at night. Go there and then drive to work. Drive from work back to the Anchorage house for sale you like. Get a feel for what it would be like to really live there.
Also, talk to your neighbors, make sure they are nice and that they love the neighborhood too. Ask them what they like, are there any problems with crime, is there any drama between neighbors, does a neighbor have a lot pets, etc.
Don't worry about neighbors not talking! They will answer your questions honestly and can help you see the house from a non-emotional outsider's point of view. It's better to find out about a loud ongoing family fued or barking dogs now instead of later.