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Questions to Ask Your Real Estate Agent

Are you in the market for a new home but not sure if the one you like is a good choice? Easy, ask your real estate agent! When you work with a real estate agent, you can make sure your home is the right fit for you by asking these questions. This way you don’t have any unexpected problems when you purchase.

Why is the owner selling?

You want to make sure the owner is moving for personal reasons and not reasons related to the quality of the home. Inquiring about the motivations behind the move will help you decide if the home is the best fit for you. Are they moving because they hate the neighborhood or are they taking a new job somewhere else? These are key details you’ll want to figure out.

How does the market look in this neighborhood?

You really don’t want to move into a neighborhood that’s decreasing in desirability or full of home foreclosures. It’s essential to do your due diligence and ask your real estate agent if there are any concerns you should be aware of about the state of the neighborhood market.

Is the seller flexible on the asking price?

Checking with your real estate agent about the seller’s price flexibility will really help your likelihood of landing the home you want. This way, you don’t make a lowball offer or you figure out a way to negotiate appropriately for a price that works for both of you.

How often has this property been sold?

If the property has been on the market repeatedly, it could be because there is a problem with the home that the owners figured out after it was too late. Things to consider are location, noise, crime, or issues with the house itself. Check with the agent to nail down why the house is moved out of and why there is a high number.

How long has it been on the market for?

A home that’s on the market for a long time could be a sign that there is a problem with the home or the seller is a stickler for an unreasonably high asking price. Ask your real estate agent how long the home has been on the market so you can pinpoint any potential issues that you may be unaware of.

How much are the property taxes and utility bills?

Along with the price of the house, it’s a good idea to also consider the property taxes and utility bills so you can budget and plan ahead. This will ensure that you can cover all the upcoming costs for the home along with your mortgage payment.

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