If you’re a first-time home buyer—and you spot the property that has everything you’ve ever dreamed of and more—it can be tempting to put pedal to the metal and close the deal as quickly as possible. But slow down! You need to ask lots of questions to help you negotiate with the seller for a good price.
No home is perfect beneath the surface, and few know this better than your real estate agent. That means it’s time to sit down with this professional and pepper him or her with questions about the property you’re hoping to make your own.
Certain questions seem rather obvious: Should you offer full price? How soon can you close? There are many other questions, though, that you may not think to ask an agent at this pivotal juncture in becoming a homeowner. But you should! You’re taking on a mortgage, after all.
Here are five questions to ask your agent to flush out what he or she is truly thinking. These can help you figure out whether this piece of real estate is really right for you, and what your next steps should be.
0:24 – #1 What is the sales history of this house, and how would it affect my offer?
0:33 – #2 What contingencies do you think are worth getting—and skipping?
0:51 – #3 Are there any upcoming condo or homeowners association assessments?
1:05 – #4 What’s going on in the neighborhood?
1:17 – #5 Would you buy this house?
More House Rules – Advice From Real Estate Pros: https://www.youtube.com/playlist?list=PLmlKLrMX62MYW8m4HYcpTO-4eiJFgK8te
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Learn More about the home buying process: “Home Buying 101: How Do I Get Started?”
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