Questions to Ask a REALTOR® Before Purchasing a Property

Dated: February 8 2022

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Buying a property can be a difficult process. You do not, however, have to go through this alone. Purchasing a property can be made a lot easier with the help of a local Realtor. And you can always ask specific questions to be sure your realtor is knowledgeable about any concerns you might have.

Below are some questions to ask when beginning the process of home buying.

Why Is the Property for Sale?

Asking the reasons behind the seller's decision to put the property on the market will aid in determining if the property is right for you. Is it a short sale? Is it damaged and in need of professional repair? Is it a flipped home? If the seller has multiple properties and needs to meet sales targets, they may be willing to negotiate the price.

What Is the Regional State of the Market?

Nobody wants to live in an area rapidly becoming a foreclosure center. Inquire about the neighborhood market with your real estate agent, mainly if there is any concern that the neighborhood's appeal is fading.

What Is the Value of the Property?

Your realtor can assist you in comparing similar properties in similar areas to discover what they sold for. You can make an informed offer on a home by asking your realtor about similar properties' high and low prices.

Is the Seller Willing to Negotiate on the Asking Price?

If you make a low offer, you risk offending the buyer and losing the opportunity to buy the house. Talk with your realtor or the listing agent about making a reasonable offer to the seller to lower their asking price.

Are There Any Disclosures From the Seller?

A seller is obliged by law to disclose defects in the property. Request these disclosures from your agent to determine what's going on with the house. This can also be a bargaining point if you are seeking a lower price on the property.

Find a Home of Your Choice

To help you find your future house, contact us at (313) 204-6868 or visit us online.

Blog author image

Garland Best

I live in McKinney with my wife of 26 years and four children. I have 18 years experience in real estate and enjoy helping people achieve their real estate goals and walking my clients through the pro....

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