7 Questions to Ask Your Real Estate Agent

You have the perfect vision of your home’s location, interiors, furnishings, decors and even the views out of its windows. But purchasing a house is not as easy as it seems. It involves a lengthy procedure starting from searching for the right property to finally closing the deal.

Not everybody is a real estate expert which is why people hire professional real estate agents. An agent brings in numerous options for you to choose from and helps you select the ideal property.

Here we bring you some of the important questions that you should ask your real estate agent before sealing the deal:

What is the property’s present value in the market?

It is very important to know the current market value of the property that you are going to buy. Comparing this figure with that of other similar properties in the market will give you a clear picture of the property’s worth.

How long has the property been up for sale?

You should also ask your agent about the time period for which the property has been on the market. Droopy demands for a prolonged period may be a sign of overpricing or unfavourable surroundings. Other factors such as an inactive market or illegitimate negotiations may also result in a ‘no-offer situation’ for the property.

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How much can the seller negotiate on the price?

Price consideration is a priority for all real estate traders. The seller’s flexibility over the price of the property is one of the most important aspects of a property deal. The agent must inform you of this so that you have an idea about the minimum and maximum limits of your negotiations.

Can I get what I want with this budget?

It’s better to discuss money matters with the agent beforehand. If you have lofty aspirations and a low budget, either your agent will show you a property that comes in your budget or he can suggest you to increase your budget to a certain level.

Is it a costly place to live in?

Though you can judge the locality when you visit the project site, getting an impression about the neighbourhood from the agent in advance would be an additional advantage. If schools, hospitals, convenience stores, etc., are located far away from the home, living there would cost you a pretty penny afterwards.

What’s wrong with the house?

Your agent might hesitate a little if you ask him about any negative points of the house. But to avoid trouble later, it is important to discuss this topic with the agent upfront. If it’s a resale property then you should know why the owner is selling it.

What about the paperwork?

Legitimate paperwork and dealings call for detailed planning. Discuss the paperwork with your agent in detail. Do not miss out any points because this is the most significant part of your deal.

When you are done with all your queries related to the property you can enquire about the agent’s commission and other charges. You will get your desired property only when you have done thorough legwork with the help of your agent.

For information about projects and developers in your city and for expert real estate advice, visit PropTiger.com