22 Lessons Learned: Realtors
Questions You Should Ask When Viewing a Property
There different motivations that drive for buying property, for example, some want properties that they can buy and resell back to the market at a higher price to get some profit while others want to buy a home where they can live with their family. Different people find buying a property to be both stressful and exciting venture no matter the reason for the buying. It is important to ensure before you venture into buying a property that you have the relevant market information that can influence your decision and that is why some people find it is stressful. You can decide to do the research by yourself to find a property, and on the hand, you can use the help of an agent whenever you want to buy a property.
One of the reasons why it is beneficial to engage an agent when you want to purchase of property is because first of all you benefit a lot from their professionalism and experience. Engaging an agent is essential, and if you choose to hire them to help you out as you purchase the property, there are a must ask questions that you should have the agent is you view the property.
First and foremost, you should ask your agent the motive behind the selling of the house or why the owner is moving out. The importance of knowing the situation behind the moving out of the current owner can help you in knowing if it is a desperate move and therefore you’re able to take advantage of that move by asking for lowering of the costs of selling the property currently.However you should understand that the agent is not legally bound to answer that question to you.
On the hand, it is important to know how long the property has been on the market without being purchased. If the property stays in the market for more than three months then there is the problem for example, it is either the seller is overpricing the property and not willing to lower the price and also, they can be other problems that are associated with the property, therefore, pushing people away from purchasing the property.
Also, you can ask the agent for how long the current owner has been in the property. If the property keeps changing hands every month or every one year, it means there’s a big problem and that what is important to ask the question so that can be able to decide whether the property deserves your resources are not.
On the hand, you can ask your agent the lowest price the seller is willing to sell the property at and also how many offers of been made already. This can help you in negotiating the price, and you can save a lot of thousands.
Comments are closed.