3 questions to ask a real estate agent when buying a home

Date: 22 October 2014
3 questions to ask a real estate agent when buying a home
Deciding to buy a home is a big move, and there are many variables involved in the process. One factor to always consider is the dealings with real estate agents, and making sure you get the most information possible before you decide to make an offer on a property. Here are three questions to always ask a real estate agent when buying, to position yourself nicely for a great offer.

Are you licensed?

This is a simple first step, but you can never be too sure. All real estate agents must be authorised by their relevant local or state authority, so you should either ask for their accreditation or look it up online yourself when you begin speaking to an agent about a property.

How long as the property been on the market?

This is a great introductory question when you begin thinking about how much you want to spend on a home. Compare the length of time it has been on the market with the medians and averages available on research sites like RP Data, and you can get a good idea of whether a house is seeing a lot of interest. If it has been on the market for longer than the average, the vendor and agent might be open to negotiation.

Why is the home being sold?

This can give you a big advantage when buying a home. For example, if the vendor needs to sell the home because they are moving soon, it will put them on a limited time frame, giving the buyer leverage to move in with a swift but reduced offer that could be accepted. If it is being sold for less pressing reasons, sellers may wait it out for a higher price.

Agents usually work for only the buyer or the seller, not both - contact an agent to act on your behalf for excellent results when you purchase property.
Back to articles Filed under: Media / National News Tags: buy, market, sell, tips
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