A-Must Ask Questions When Buying Property
There different motivations that drive for buying property, for example, some want properties that they can buy and resell back to the market at a higher price to get some profit while others want to buy a home where they can live with their family.Whatever the purpose of buying a property can be very exciting and stressful venture. The reason why it can be very stressful is that you required to have a lot of information and not just in information the current market information to influence your decision making. When you’re faced with the decision of buying a property for whatever purpose, you can do it by yourself well you do research and good looking for the property by yourself, and also you can engage an agent who can help you in decision-making when it comes to buying the property.
Engaging an agent in purchasing a property can benefit you in a lot of ways, for example, you can benefit from the expertise and professionalism. In the case you choose to use an agent in the process of buying the property, there are essential questions to ask as you view the property.
First and foremost, you should ask your agent the motive behind the selling of the house or why the owner is moving out. The importance of knowing the situation behind the moving out of the current owner can help you in knowing if it is a desperate move and therefore you’re able to take advantage of that move by asking for lowering of the costs of selling the property currently. If you’re lucky enough to be answered by the agent it is well, but you should know that is not a legal requirement for them to answer that question.
Additionally, you can ask your agent for how long the property has been in the market. If the property stays in the market for more than three months then there is the problem for example, it is either the seller is overpricing the property and not willing to lower the price and also, they can be other problems that are associated with the property, therefore, pushing people away from purchasing the property.
Additionally, you can request to know the period the current owner of the property estate in that property. The reason why it is important to know is that it helps you to understand how frequently the property changes hands and if it happens to issue another reason behind the changing of hands within a short time to enable you to make an informed decision if the property is worth your resources.
On the hand, you can ask your agent the lowest price the seller is willing to sell the property at and also how many offers of been made already. This can help you in negotiating the price, and you can save a lot of thousands.