Questions to Ask the Agent – Part 1
One of the first groups of people you meet on your house hunt is real estate agents. As you start looking they will be dealing with your enquiries to see houses and showing you through homes. This two part blog series aims to give you some good questions to ask the agent so you can get an insight in to the house and its value.
If you are viewing a house and find yourself interested, it is time to start asking the real estate agent some questions – they are likely to know some relevant information about the house, and surrounds, so make use of this source of knowledge.
But! Remember the agent is working for the vendor – so they are likely to emphasise the positive about the house and area and will tend to leave out the negative points. Therefore, noting what the real estate agent avoids talking about, says they know nothing about, or omits completely from the conversation are probably the most important things to know about - so reseach them!
These price related questions are a good place to start when talking to a real estate agent:
1. Why are they selling? If this information is available it can give some insight into the amount of negotiation you can do on price & whether settlement date is important to the vendor.
2. How long has it been on the market? Why isn't it selling? – The answer to this question can also give you some reference for price negotiation.
3. Have there been any offers? What were they? - It is good to know if there have been any offers, how much they were for, and when they were made. If time has passed – the vendor may be open to considering those same offers again.
4. How much will they take? – Just what is the vendor after? You may be surprised…
5. How much are the rates? – Handy to not have to look this one up yourself – and rates will be an ongoing monthly expense for you if you buy the house so this information is essential…
Next blog post we are going to discuss the condition of the house – and let you in on the questions that will give you an insight into aspects of the house and surrounds that may affect your perception of the house itself or the house’s value.
What to know more about house buying - the Propertytoolbox House Buying Guide has it all!