what's a good question to ask before purchse?
Started by galateakiss
over 13 years ago
Posts: 11
Member since: Jul 2010
Discussion about
Hi, the apt i am looking to buy has accepted my offer so it's moving right along to the next step with my RE lawyer. My friend told me that I am allowed to ask anything about the apt im about to purchase, i.e. any previous death in the apt. Can you suggest other great questions to ask prior making the biggest purchase of my life? Thank you very much.
Leaks, bedbugs or major repairs that have occurred in the last year.
Your attorney should be versed in what to look for during the due diligence process. I don't exactly understand why a 'death' would be an issue--unless the apartment is very modern it has likely witnessed a death or two.
bramstar: Some people are afraid of ghosts.
Truth, there are ghosts everywhere.
True, bramstar. Yet, you and I are O.K. with the ghosties.
But not the bugs!
And unfortunately Lysol won't get rid of ghosts.
I would ask seller if there have been any leaks from or into the unit in the past two years.
Also if seller has made written correspondence to management or the board re noise from other tenants in the last two years. If so nature of complaint.
Obviously all this in writing, crafted by your lawyer.
Not bugs, either. You'd have to squish them with the can.
But Lysol works on Santa. This we know.
>My friend told me that I am allowed to ask anything about the apt im about to purchase,
Ask for the right to ask unlimited questions.
Also: Ask if there are any upcoming major expenditures - i.e., brick repointing in compliance with Local Law # whatever it is; a new roof, boiler or elevator repair, refurbishing or replacement. If there isn't an ample reserve fund (another question to ask), shareholders can get hit with a monthly assessment to cover these expenses. Good Luck!
Mall Santas are on alert for bramstar's sister-in-law.
She is out there with the Lysol, spraying them before her kids sit down.
Happy Holidays to all.