Table of Contents
What questions should I ask my Realtor before making an offer?
7 must-ask questions before you make an offer Why is the seller selling the house? How much did they pay for the house? How much does the seller have left on their mortgage? What’s the housing market like in your area? Are there any recent sales to compare this property to?.
What questions to ask before buying?
5 Questions to Ask Yourself Before Making a Purchase Do I need it? First and foremost, determine if your prospective purchase fulfills a need or is simply something you want. What is the real cost? How long will it make me happy? What do I gain by buying this? Is there something else that can bring me joy?.
What questions are important to ask the seller when buying a home?
10 Investigative Questions to Ask a Home Seller Why Are You Selling? Length of Time on Market. Previous Selling Prices. What Is Included in the Sale? Area Nuisances and Neighbors. Lead Paint and Natural Hazards. Past Problem Conditions. Age Of Components.
What questions should you ask when viewing a house to buy?
10 questions to ask when viewing a house How long has the house been up for sale? How long have the sellers lived there? Is there a chain? What’s the area like? What work has been done on the house? What’s included in the sale? What internet access do they have? Can you see the Energy Performance Certificate?.
What should you not say when buying a house?
Ross says there are three things you never need to disclose with your real estate agent: Your income. “Agents only need to know how much you are qualified to borrow. How much you have in the bank. “This is for your lender to know, not your real estate agent,” he adds. Your personal and professional relationships.
Should I offer less than the asking price?
As with all negotiations, when you are making an offer on a house, start low. A good rule of thumb though is to offer 5% to 10% lower than the asking price. Don’t forget that sellers often take this into account and deliberately put their house on the market for more than they expect or would accept.
What are three important buying principles?
In this section, you’ll learn about three basic buying princi- ples that can help you and all consumers achieve this goal. They are: (1) gathering information; (2) using advertising wisely; and (3) comparison shopping.
How do you usually decide whether to buy something?
Here’s how to decide whether to buy or not to buy Ask these 7 questions before buying. Want money or item? Can you wait? Will you use it in the long term? Have you invested first? Are you buying the item for social media? Is it an emotional buy? Are you addicted?.
How do you make a big purchase decision?
7 Questions to Ask Yourself Before You Make a Big Purchase Do I Have Cash to Pay for the Item? Do I Really Need This Item? If You Do Need the Item, Do You Need It Right Now? Can You Find a Used One that Will Work? Is It Worth the Investment to Purchase the Higher-Quality Product? When Does the Item Usually Go On Sale?.
What to ask sellers at closing?
6 Questions to Ask Your Home’s Seller Before Moving In What’s the history of the house? Where to go and who to know? What surprised them when they moved in? Where is it and how does it work? Is there anything you’d like to leave? What did I forget to ask?.
What questions should you ask the seller?
Top 10 Questions to Ask a Home Seller Before Buying Why are you moving? What are the average expenses? How are the local schools? How much did you pay for the home? Have there been any major repairs? Were there any structural changes? How long has the home been on the market? What’s included in the home sale?.
How do you screen potential when buying a house?
Prepare Yourself Before meeting with any potential buyers, put yourself in a business state-of-mind. Remove your emotional attachment to the house. Be brief when pointing out all the improvements you’ve made. Leave the buyer alone to wander the house and free to converse without you overhearing.
Can you ask what offers have been made on a house?
If an agent lets you know that other offers have been made, they may refuse to divulge details, while others might guide you in the direction of what would be acceptable, and some might give full disclosure on the exact sum that’s been offered and turned down.
What does Chain free mean when buying a house?
“Chain-free” means the property you want to buy isn’t reliant on the successful purchase or sale of other properties. As a chain-free buyer, your purchase is not dependent on the sale of a property you currently own. For example, all first-time buyers are chain-free buyers.
How do you know if you have a good realtor?
Below we discuss 3 signs that you have a good realtor: Communication. A good realtor has good communication skills. A realtor who communicates without flaws has the power to influence. Knowledgeable. Good agents possess market knowledge. The knowledge of the market makes them responsive and available. Resourcefulness.
Is my Realtor lying?
If you’re unsure whether an agent is lying to you about their production, a simple phone call to their broker to find out their track record will usually uncover whether they’re lying or not about their sales history.
How much money should you have saved up before buying a house?
When saving up for a home, it’s key to have a reserve of cash savings — or an emergency fund — that isn’t used for the down payment or closing costs. It’s a good idea to have at least 3-6 months of living expenses saved up in this cash reserve.
