We outline the things that you should notice that other people may overlook when buying, selling, or renting properties. These tips will make you more knowledgeable about a specific situation, and will allow you to make a more informed decision.
Do you have any concerns with this property?
A real estate agent will have better knowledge of the property, including what has been reported on the Property Condition Disclosure Statement (PCDS) and the prior history of the home. Things like how many times the home has been put up for sale in the past years, how long it’s been on the market and how many price reductions it’s had over the years.
How should I handle unforeseen problems with home inspections?
If something comes up in the inspections of a home, talk to your real estate agent on what can be worked out between a buyer and seller. The seller can end up paying for repairs or concessions, however every situation is different, so speak with your agent about the appropriate course of action for you.
Can I have a CMA for the home?
A real estate agent can do a comparative market analysis to estimate a home’s value in the current market. This is helpful to you because they will compare the property to other homes that have sold recently in that area. Then you will have a better idea of what the home is worth, if it is reasonably priced, and what would be a good offer to make on the property.
Is there any sales history that could affect my offer?
Again, your agent will be able to see the history of a property on the MLS. This can inform you if the property was difficult to sell in the past, and also how many different hands it's been through in recent years.
Can you recommend any real estate attorney’s, inspectors, appraisers, mortgage broker’s?
Your real estate agent should know the best quality of local professionals that you need to get in touch with throughout the process of purchasing a home. If your agent is competent and trustworthy, you can trust the people they recommend too!