Questions You Should Ask When Viewing a Property
Buying of a property can be influenced by different motivations, for example, if you’re looking for a home you can buy a house and if you are in the business of buying and reselling properties that can also be a good motivation. The venture of buying a property can be both exciting and stressful no matter the purpose. It is important to ensure before you venture into buying a property that you have the relevant market information that can influence your decision and that is why some people find it is stressful. You can decide to do the research by yourself to find a property, and on the hand, you can use the help of an agent whenever you want to buy a property.
One of the reasons why it is beneficial to engage an agent when you want to purchase of property is because first of all you benefit a lot from their professionalism and experience. Engaging an agent is essential, and if you choose to hire them to help you out as you purchase the property, there are a must ask questions that you should have the agent is 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. If the situational the reason behind moving is a desperate one, then you can take advantage of the situation by asking the property to be sold at the lower price than it is selling right now. However you should understand that the agent is not legally bound to answer that question to you.
On the hand, it is important to know how long the property has been on the market without being purchased. 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.
The period of the current owner stayed in the property is that the question should ask your agent. Wanting to know the history of how frequently the properties put into sale can speak volumes about the property and know why it is changing hands now and then can be very important to your decision-making.
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. The question should be motivated by the reason to get actions to negotiate the price.