Top 10 Things to Ask Your Real Estate Agent

Trusting a real estate agent without verification is not the way to go if you want safety when dealing with properties. There are a lot of things you need to ask the real estate agent you’re dealing with, as that’s an important step. Real estate agents can be super helpful if they are legit, so make sure to verify that. You can also get good deals on properties you’re planning to buy, as they help with that as well, which is a plus point. And if you’re planning to sell a property, they can help in that as well by giving you the best price that’s possible.

To make sure that the real estate agent is, in fact, legit, ask the following 10 questions to gather information.

Read more: Top 10 Things to Ask Your Real Estate Agent

Why Do You Need A Real Estate Agent?

Getting a real estate agent while dealing with properties is a good thing, as they mostly know more about the processes. They have expertise and experience in real estate, which will help you save time and money. You will enjoy their services while buying or selling a property, as they offer many to save you the stress.

Here are some of the things a real estate agent can help you with in this work:

• Market analysis
• Property searches
• Negotiations
• Paperwork
• Closing processes

Top 10 Questions To Ask Your Real Estate Agent

1. What’s The Neighbourhood Like?

This is the number one thing to ask if you’re buying a house, as the neighbourhood matters a lot. This is to make sure the property isn’t in a shady place, because a good neighbourhood suggests a trusted area. If the agent is legit and good at his work, then you will get an honest picture of the situation about the property.

Make sure to ask about these things specifically, which will tell you a lot about the area:

• Safety
• School
• Future development
• Public transport
• Resale value

Some real estate agents sugarcoat these things as well, so you can ask for proof of the neighbourhood picture.

2. How Did You Determine The Market Value Of The Property?

By asking this, you will know what the current market trend of the property is, which is important. After you know that, don’t forget to ask about other sales in the area to compare those prices. This is important to know, as sometimes the price demanded is way above the market value, which is set by emotion. These things are not fair, as the price should always be according to the market value, so make sure of that.

3. Has The Property Been On The Market For A Long Time?

Once you ask the real estate agent that, things will look a lot clearer, as a long time on the market is an issue. This is because if it’s been listed for a long time on the market, there could be some issues in that case. You’ll need to know if those issues are there, as there’s a reason that the property hasn’t been sold yet.

Here are some of the issues that might be coming in between the sale of the property:

• Pricing
• Condition
• Location

4. Are There Any issues With The Property That I Need To Know About?

Many kinds of issues can be found in properties, so ask the real estate agent to know if they are manageable. This information is needed so you don’t deal with these issues later after moving in. The real estate agent will clear your doubts if there are none, so you don’t keep worrying about it.

Here are the issues you need to be aware of so you can ask your real estate agent about them:

• Legal disputes
• Structural problems
• Encroachments
• Pending dues

5. What Are The Things Included In The Sale?

Most of the time, agents will show you properties with furniture and everything in them, but don’t think that’s included. Many times, the furniture and other things are just for show, so ask about them before making a decision. This can be the case in parking as well, so ask questions to know if it’s included or not.

Here are the things you can ask about to know if they are included or just for show:

• Fixtures
• Appliances
• Parking
• Furniture

6. What’s The Total Cost, Including Everything?

The property price isn’t the only thing you need to ask for, but other things are also payable, so ask the agent about them. Taxes are also applied to these purchases, as that’s common in property registrations, so ask about that.

Here are the things you need to know that are included in the total cost:

• EMI
• Maintenance
• Society fees
• Property tax
• Utilities

7. Is The Price Negotiable?

To know if the price is negotiable, make sure to ask the real estate agent to get a clear picture. This way, you will know if you can bargain and how much, if you can, as that’s important in real estate. This negotiation is mostly done according to the market, so you will get a good deal according to that.

8. What’s The Number Of Offers The Property Has Received?

This will tell you if you really should invest there or not, if the offers are low. Another thing is that if the property has a lot of offers, then you need to be fast so you get the deal.

9. How Much Experience Do You Have?

Knowing about the experience will tell you about the agent’s track record in real estate, which is needed. If they do have experience, it means they know about the local area, which is a plus point.

10. What Is the Next Step After This?

By asking this, you’ll know about these things:

• Paperwork
• Verification process
• Legal checks
• Timeline

Conclusion

Knowing what to ask your real estate agent is important, as you can get in trouble by not asking anything. If you do ask, then there’ll be fewer doubts left, so you can buy the property. This will give you security and confidence to decide according to the answers the agent gives.

FAQs

Q – Should I ask about their commission fee?

A – Yes, you can ask to avoid being surprised later, as this will help you decide if you want to choose them.

Q – Is location the most important thing in this?

A- Yes, so don’t ever forget to ask about the location of the property, as that matters the most, as you’ll be living there.

Q – Can I refer another client to them if I am satisfied?

A – Yes, if you’re satisfied with how they work, then you can refer another client to them, as that’s a big thanks.

Q – What mistake should I not ignore in the agent?

A –Don’t ignore if the agent isn’t communicating well or avoiding your questions, as that is shady.