While purchasing a $50 product, we asked several questions to the seller. We asked about its features, components, benefits, disadvantages, price, and various problems.
If you can ask myriad questions for a $50 product, Chow would you react and question while buying a $300,000 property?
Indeed, it’s crucial to clarify all the questions with a real estate agent about the property before buying. Otherwise, you can face trouble with the neighbors, taxes, bills, property clearance, and legal issues.
If you don’t know what to ask the real estate agent, then have a look at these questions.
How long have you been a real estate agent?
Before buying any home or property, you should choose a professional and skillful real estate agent. Ask him how many years he has been in this occupation. If your real estate agent has a minimum of 3 years of experience in real estate, then assuredly, you can hire him.
How many properties have you sold?
Agent’s expertise depends on his property selling numbers. I’m not saying that you should avoid beginner agents, but it’s better to hire an expert agent.
In this case, if your agent has a minimum of 2-5 property selling experience, then it will be magnificent to get an agreement with him.
Can I look at your license?
There are countless fake real estate agents who could deceive you easily. That’s why you shouldn’t forget to ask about his license. If the agent hesitates to show his license to you and looks vacillate, then avoid him as soon as possible.
Is that property having any issues with the neighbors?
Having problems with neighbors is a common issue in real estate properties. There are several types of wired and gudgeon people in this world. You know you don’t have a neighborly relationship and what types of personality he/she has.
That’s why, before signing the property contract, ask your agent about the neighbor’s issues.
Is this property in a conservation area?
Conservation area property has huge demands and these properties are pretty reasonable to buy. If you bought a property in a conservation area, that property price would increase day by day. Therefore, ask the agent about your property area, condition, and situation.
Can I speak with the sellers?
In most cases, the agent asks for higher prices than sellers. I know they have to profit via this business, but how does it seem if he asks $400,000 for a $300,000 property? Obviously, it will be worse. That’s why try to be in contact with the exact real seller.
Have any other offers been made and how much?
Another question you should ask about how many bids got this property yet. The bidding amount and bidding price will provide you an average price and information about that property.
So, these are the actual and specific questions to ask a real estate agent before buying or contracting to the agent. Not only will these questions clarify matters about that property, but also you can have useful information.