7 Important Questions To Ask A Real Estate Agent When Purchasing Property
Whilst purchasing a property can be an exciting time, it can also be stressful and complicated. Before you start sorting out financial details and particulars, you’ll need to decide on a property to actually buy. A good Williams Landing real estate agent will be able to help you pick out your dream home – but you should also know what to ask them when inspecting a house so you can gather all the important information. That’s why today’s topic will be addressing seven key questions to ask your Williams Landing real estate agent.
1. How long has the property been on the market?
This is an important question and should be phrased exactly like this. If you ask, “has this property been on the market for long?” then you’ll most likely get a yes or no answer – which is not what you want. An open-ended question is always the way to go in these situations.
Just because a property has been on the market for a while does not necessarily mean there’s anything wrong with it. This is why it’s important to ask this question and ascertain the true reason behind it as it may end up helping you when it comes time to negotiate on the price and terms.
2. Why is it being sold?
There are a myriad of reasons that properties get sold – people moving out, investors looking to sell or reduce their portfolio, people can’t afford to live in it anymore – so it’s important to ascertain what this reason is as it may help you negotiate the price.
If the vendor is desperate to sell the property, then you may have a better chance of negotiating down to a better price. On occasion, you may have the chance to meet the vendors who may also be able to give you some unique insights you didn’t know about the house.
3. Request a property sales report
This report will help you gauge what the property is worth on the current market as well what similar properties in the area are going for so you can compare. It’s worth noting that you should also do your own research to see what past properties in the vicinity have sold for and been listed at to get a better idea of what you’re getting into and to ensure it’s fairly priced in comparison to others.
4. How’s the neighbourhood?
Whilst you should definitely do your own independent research about the neighbourhood that you’re looking at buying into – it won’t hurt to ask your Williams landing real estate agent what they think of it.
Seeing as they’re handling the sale of a property in the area it’s guaranteed that they’ll have some information on the surrounding area to share – whether it be about the people, local points of interests or general noise levels. Remember, the aim of the game is to gather as much information as you possibly can to help you formulate a decision.
5. Have there been any renovations lately?
If there have been, find out exactly what was done and why. You’ll want to make sure that any renovations were done properly and are up to code. The last thing you’d want is a sub-par job that will fall apart a few months down the track.
6. Are there any long-term developments in the area?
If there’s a large construction project across the road, next door or nearby then you may want to enquire about how long the construction will be going on and what exactly it’s for. If it’s going to be a few years of daily loud noise and dirt/dust pollution, then maybe the property isn’t for you.
7. Is there anything similar nearby?
If you find that the area you’re looking at is a bit pricy or just isn’t quite what you’re looking for, ask your real estate agent about similar properties in neighbouring suburbs. These might have more properties that are better suited to what you’re looking for.
Looking for a property in Williams Landing?
Never be afraid to ask your Williams Landing real estate agent the important questions. As purchasing a property is such a massive decision, you’re going to want to make sure you have all of the facts before making a decision.
Our Williams Landing real estate agents are experienced and passionate real estate diehards that will able to assist you with any questions you may have if you’d like to buy a home, sell a home or rent a home.
If you’d like to get in touch with one of our Williams Landing real estate agents, then please give us a call on 03 8372 2122. You may also use the contact form found on our website.