Questions You Need to Ask the Estate Agent
Buying a new home is a big financial decision but it must be done for your growing family. With this, you need to ensure that every stone is turned. Before you make an offer, it is crucial that you ask the estate agent the following questions:
What is the offering price?
When it comes to the price, homebuyers need to compare the prices. The offering price is a broad question. If you want to specify it, you should ask the following:
- How much did the seller pay? You need to ask this question so you will know if the values have gone up or down since the seller bought the property.
- How about the prices of similar homes in the neighborhood? The bank appraiser will compute the value based on the value of similar homes in the neighborhood. Learning about the prices at the onset can help you decide the offering price.
- How many offers has the seller received? If you want a property, your offer should be strong so it can withstand competition. If there are multiple offers, do not back away because in most cases, the last offer is the winning offer.
- How long has the property been on the market? If you found out that the property has been on the market for many months, you can negotiate a discount.
How about the condition of the property?
In general, if you know in advance the condition or the structural issues of a property, you can choose an offering price. Here are the specific questions you need to consider when determining the condition of the property:
- How old is the roof? Keep in mind that newer roofs have a life expectancy of 15-50 years – depending on the material. By determining this, you can save on roof replacement or upgrade.
- Does it have insulation in the attic and walls? Insulation is important during colder days. If the property has insulation, it can help cut down utility bills.
- Are the systems updated? It is a good thing if the property has been recently replaced or updated. This means you will not pay for any updates.
What is the location?
Location is what makes the house desirable or appealing. It has a huge bearing when it comes to the sales price. Here are the specific questions you need to consider when it comes to location:
- What are the types of the property nearby? Ideally, you should pick houses for sale holyhead because it is located near the iconic Southstack lighthouse. It also provides easy access to the port of Holyhead as well as the Holyhead train station. You also need to check if there are near schools and other establishments.
- What about the neighborhood demographics? The seller can give you an idea of the neighborhood demographics. If you must, you can ask the neighbors as well as the agent. While you are at it, you should do your research at the library.
- What about nuisance factors? If you want to live quietly, you might want to check the nuisance factors. The nuisance factors include traffic and freeways, which can be an irritant.
Final words
You should not hesitate to ask questions because estate agents are legally bound to tell the truth. When you have the chance, make sure to ask the right questions so you can find out what the real situation is.
