Questions a Home Buyer Should Ask Their Agent
Here are 10 key questions a homebuyer should ask their real estate agent to ensure they make an informed decision:
1. What is the current market like in this area?
Understand if it's a buyer's or seller's market and how competitive the area is.
2. What are the total costs involved in buying a home?
Beyond the purchase price, ask about closing costs, property taxes, homeowners insurance, and potential HOA fees.
3. How long has this property been on the market?
This can indicate demand, pricing, or potential issues with the property.
4. What is the neighborhood like?
Ask about schools, amenities, public transportation, safety, and nearby developments that might affect property value.
5. Are there any disclosures or known issues with the home?
Agents should be aware of any defects, previous repairs, or legal issues tied to the property.
6. How does this home compare to others in the area?
Gain insight into whether the price is competitive and if you're getting good value.
7. What are the typical utility and maintenance costs?
Knowing ongoing costs can help you budget better for homeownership.
8. What is your negotiation strategy?
Understand how the agent plans to handle offers and counteroffers to secure the best deal.
9. What contingencies should I include in my offer?
Discuss contingencies like inspections, financing, and appraisal to protect your interests.
10. Can you recommend trusted local professionals?From home inspectors to contractors, having reliable recommendations can make the process smoother.
Would you like to dive deeper into any of these questions or add more to the list?
