For Buyers: Common Questions to Ask

For Buyers: Common Questions to Ask Your Realtor©

 

Property Specific:

Question: How long has the property been on the market?

Why: The answer to this question may indicate a seller’s willingness to negotiate if the property has been on the market for a while.

Question: Have there been any other offers on the property?

Why: If so, you may get a feel for what the sellers are willing to accept for the property by seeing what offers were rejected.

Question: What is the seller’s motivation?

Why: If the seller has already put an offer on another property, they are likely going to be motivated to close this property quickly.

Question: Are any personal items included in the sale of the property?

Why: Any item left behind represents one less item you have to purchase when you move in. Consider these items as having real value and account for them in your offer. Items include but are not limited to: Washer, Dryer, Refrigerator, Shed, and Workbench.

Neighborhood Specific:

Question: What is the price range of sold properties in the area?

Why: This range will give you an idea of the top and bottom price in the area in order to understand where the potential property falls.

Question: What is the average time on the market for properties in the area?

Why: If market times are short, this indicates a sellers’ market. You will likely face stiff competition when making an offer on a property. Conversely, longer market times are supremely beneficial for the buyer as sellers are often more than willing to negotiate when their property has been on the market for quite some time.

Final Recommendations:

Our market is currently a seller’s market, with properties only spending a short time on the market before going under contract. This being said, buyers can and do benefit from this as well. The available homes are desirable, and sellers are motivated to sell. A word to the wise: Have your ducks in a row. Get pre-qualified before looking at houses. And when you find your perfect home, jump in with your best offer before other buyers have that chance. If you would like more information on current market conditions please visit our website today!

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