If you’re looking to buy a new home, it’s a good idea to work with a real estate agent. A knowledgeable agent can provide you with a wealth of information and advice about buying a home. They will also have a large network of resources to help you find the perfect property.
These are 5 questions you should ask your agent when buying a home:
1. Is the house properly valued?
An agent can find out how much similar homes have sold for in the same area to determine if the price is fair or not.
2. How long has the house been on the market?
If the house has been on the market for a long time, it lets you know that there’s not a lot of demand for it (or that the house is overpriced). This puts you in a better position to negotiate.
3. What are the associated costs of ownership?
You’ll want to know about HOA fees, utility costs, and property taxes before deciding to make an offer.
4. What is the neighborhood’s marketability?
Your agent can tell you if the area is in high demand. Future events (such as the construction of a nearby highway) could affect this demand, and real estate agents have access to that type of information.
5. Why is the owner selling?
An agent can learn the real reason the owner is selling. If the owner is in a hurry to sell, it can give you some negotiating power when it comes to making an offer.
These are a few questions you should ask an agent about buying a home. To speak with a professional real estate agent about your home-buying needs, be sure to contact us at Randy Lindsay today.