Finding the right home in the right area at the right price can feel like hitting the lottery. If you believe you’ve spotted your dream home and are about to begin the buying process, there are several questions you need to ask before you jump into a contract. Working with an experienced and talented real estate agent can help you get critical information that may prevent a transaction you’ll regret. Here are four important questions to ask your real estate agent before you begin:
- Do you notice any red flags? – Experienced real estate agents have walked through hundreds of homes and been privy to inspection reports. They can typically spot problematic signs with some ease. Seeking out their opinion on issues that are beyond cosmetic can help prevent many problems during the home purchase or after you move in.
- What would a competitive offer be for this home? – Listing prices are simply a starting point for negotiations. Your real estate agent can help you determine an offer price that won’t be ignored among other offers without overpaying.
- Should I ask for any concessions? – Along with your offer price, you may include concessions such as asking the seller to make certain repairs or cover specific costs. Your agent can help you decide what concessions might be fair and reasonable for a buyer to request.
- What happens if a major issue is found during the home inspection? – Your agent can help you problem solve over unforeseen findings during a home inspection. They usually know which problems can be easily fixed, which you should ask for the seller to resolve, and which are problematic enough that you should walk away.
For help with any of these questions, talk to our real estate agents at Thornburg & Associates, Inc.