10 Questions Every First-Time Buyer Should Ask Before Making an Offer

1. What Is the True Market Value of This Home?

Don’t rely solely on the listing price — ask your realtor for a Comparative Market Analysis (CMA) showing recent sales of similar homes in the area. This helps you make a fair, data-backed offer instead of overpaying in a competitive market.

2. How Long Has the Property Been on the Market?

The longer a home sits unsold, the more negotiating power you may have. If it’s been listed for several months, the seller might be more open to a lower offer or additional concessions like closing cost assistance.

3. Are There Any Known Issues or Repairs Needed?

Ask about past inspections, structural issues, roof age, or plumbing problems. Knowing potential red flags helps you budget for repairs or negotiate fixes before closing.

Pro tip: Always include a home inspection contingency in your offer to protect yourself.

4. What’s Included in the Sale?

Don’t assume appliances, light fixtures, or window treatments stay with the home. Clarify what’s included in writing so there are no surprises after closing.

5. How Old Are the Major Systems and Appliances?

HVAC systems, roofs, and water heaters can be costly to replace. Ask for installation or maintenance records to estimate upcoming expenses.

Rule of thumb: If something is 10+ years old, start planning for replacement within a few years.

6. What Are the Average Utility and Maintenance Costs?

Beyond your mortgage, monthly expenses like utilities, HOA fees, and maintenance can impact affordability. Get average bills for water, electricity, and property taxes so you can calculate a realistic budget.

7. How Competitive Is the Local Market?

If homes in the area are selling fast, you may need to act quickly or offer favorable terms. Conversely, if it’s a buyer’s market, you can negotiate more confidently.

Ask your realtor: “What’s the average number of days homes stay on the market here?”

8. What Financing Options Do I Have?

Different loan types (conventional, FHA, VA, etc.) come with unique down payment and credit requirements. Your lender can help you choose the one that best fits your goals — but your realtor can guide you on what’s most appealing to sellers in your area.

9. What Are the Contingencies I Should Include?

Typical contingencies protect you in case:

• The home doesn’t appraise at your offer price.

• Financing falls through.

• The inspection reveals serious problems.

A skilled realtor can help you balance protection with competitiveness — especially in multiple-offer situations.

10. What’s the Neighborhood Really Like?

Beyond the home, location matters most. Visit at different times of day, talk to neighbors, and ask about traffic, schools, and future development plans.

Pro insight: Great homes in unstable or noisy neighborhoods can lose long-term value — always research before you commit.

✨ Final Thoughts

Buying your first home is exciting — but it’s also a major financial decision. Asking the right questions ensures you’re making a confident, informed offer that fits your goals and budget.

With the right realtor by your side, you can turn your first offer into your first win — without costly surprises along the way.