Is this the one? A 15 point hit list

Before you make your final decision to submit an offer an a property critically assess it from the following perspectives:

  1. How good is this specific location?
  2. What is the overall neighbourhood like? What are the area trend lines?
  3. Is the property’s value in line with other recent comparable sales?
  4. Will this home fulfill your projected needs for the next five years?
  5. How far do you have to travel for schools, shopping, recreational facilities, public transit?
  6. If there is a Seller’s Property Disclosure statement, have you seen it?
  7. What home repairs have been made in the past 2 years? What repairs might have to be done in the next 2 years?
  8. Did the Sellers have a Home Inspection done when they bought the house? If so, is the written report available to you?
  9. Are there problems with drainage or runoff after a heavy rain or in the spring? Does the basement show any signs of moisture?
  10. Is there a recent survey? Are there any utility easements or encroachments on the property that might affect your plans for the future?
  11. If you were to purchase this property, could you handle all the associated monthly payments?
  12. Can you picture your family living here?
  13. At the end of a long hard day would you welcome calling this place home?
  14. If you were to hear that this particular house had sold to someone else, would you care?
  15. If you were able to satisfactorily answer all the above questions and you responded “yes” to question No. 14 then you should seriously consider instructing your salesperson to prepare a draft offer on the property.