3 questions you need to ask at an open home

By James Brown

Are you looking to buy property in Burpengary? Open homes are an integral part of real estate. It's your opportunity to effectively 'try before you buy', allowing you to identify any possible flaws away from the glossy photos in the adverts.

Every month in Australia there is a staggering sum of money in real estate transactions between buyers and sellers – more than $32 billion, according to the Australian Bureau of Statistics. What's more, the Real Estate Institute of Queensland asserts the median price in Brisbane has recently breached $610,000.

With this sort of competition, it's not uncommon to become flustered and find yourself making a hasty purchase that you could live to regret. It's important that you take your time and ask the vendor an array of questions, including:

1. The home's story

If you're impressed with a piece of real estate in Burpengary, it's time to get straight to the details and ask about the property's history. Is the structure in good condition, is there insulation, has there been any weather or termite damage in the past?

2. The area

The location is equally, if not more important than the actual building. Therefore, you should ask what the community and neighbours are like (for a less biased view, you could ask them too). How far away are amenities like shops, public transport and schools?

3. The motive for selling

With this question you can not only find out information about the home, but also the vendor's intentions.

For example, if they're looking to sell property in Burpengary because they want to upsize for their four-person family, which you also have, should you really be considering moving there? In addition, if they happen to let slip they want a quick sale, this could prove invaluable in negotiations.

If you would like to know more, get in touch with the team at Ray White, as we have years of experience in helping people buy property in Burpengary.

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