Asking questions is always prudent, especially when you are considering buying a new house. Here are some questions you may want to ask your realtor before you go ahead and rush to seal the deal.
Don’t Wait Until After You Buy the Home To Ask Your Agent These Important Questions
Question #1 – What is the Property’s Worth?
This is a valid question; since you might be its next owner, it is very important for you to know what it is worth. However, for ethical reasons, agents are not allowed to tell you the exact worth of the property. Nevertheless, you can still help yourself. Asking around and doing research online will help you determine its price range. Luckily for you, agents can tell their clients about the duration for which the houses are expected to remain in the market so you’ll have plenty of time to make your decision.
Question #2 – What is the Flexibility of the Asking Price?
You want to save money, who doesn’t? However, the previous homeowner(s) may not agree to your proposal and may call off the deal. This makes it important to have a middleman, who can remain neutral and help work out a deal that benefits both parties. Ask your realtor how flexible the seller’s price range is, instead of asking how much they are willing to take as a minimum amount.
Question#3 – Why does the Owner want to Sell it (at this price)? Is Something Wrong with the House?
Often, owners claim that the property is in perfect condition, but the price tells an entirely different story. Do not hesitate to ask what could be wrong with the house. You can ask the owner for proof that the house is indeed in perfect condition, as claimed. A receipt from a home inspector is acceptable proof. If the owner tends to hesitate, you will know for certain that something is amiss.
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