When you’re ready to make an offer on a property, working with a trusted and experienced realtor is important. They can guide you through the process and help you make informed decisions.
However, before you make an offer, there are several questions you should ask your realtor to ensure you’re making the best possible choice. In this article, we’ll explore some key things to ask your realtor before you make an offer.
1. Can You Walk Me Through the Comparable Sales in the Area?
Before you make an offer on a property, you’ll want to know what similar homes in the area have sold for recently. This information can help you determine if the asking price is fair and give you leverage in negotiations.
2. What’s Included in the Sale?
Before you make an offer, it’s important to know exactly what’s included in the sale. This can include appliances, fixtures, and any other personal property the seller may be leaving behind. Knowing what’s included can help you avoid surprises after the sale. Your realtor can help you review the listing agreement and ensure you understand what’s included in the sale.
3. How Long Has the Property Been on the Market?
If a property has been on the market for a long time, it may indicate something wrong with the property or that the asking price is too high. Your realtor can help you understand how long the property has been on the market and what that may mean for negotiations.
What to Ask When a Seller Has Accepted Your Offer
An experienced realtor can help guide you through the process and ensure that you ask the right questions to help you make informed decisions. Here are some important questions for your Realtor when a seller accepts your offer.
1. What’s the Timeline for the Closing Process?
One of the first things you’ll want to know is how long the closing process will take. This can vary depending on several factors, such as the type of loan you’re using, the condition of the home, and the availability of all parties involved. Your realtor can estimate the timeline and help you understand what to expect during each stage of the process.
2. What’s the Condition of the Home?
Before closing, you’ll want to make sure that the home is in the condition you expected it to be in. Your Realtor can help you schedule a home inspection to assess the home’s condition and identify any potential issues that need to be addressed. This will allow you to negotiate repairs or ask the seller to make concessions before closing.
3. What Are the Closing Costs?
Closing costs are the fees associated with purchasing a home, such as appraisal fees, title insurance, and attorney fees. Your Realtor can help you understand these costs and how they will affect your purchase price. You may also be able to negotiate some of these costs with the seller, so it’s important to know what you’re dealing with upfront.
Purchasing a home is a complex process that involves many moving parts. When you’re ready to make an offer on a property and when a seller has accepted your offer, it’s important to work with a realtor who can guide you through the process. By asking the right questions, you can make a more informed decision and increase your chances of success. So, don’t be afraid to ask your realtor for guidance and advice as you navigate the complex world of real estate.
Are you looking for a realtor in Traverse City, MI? Sander Scott, your Traverse City real estate agent, can help you find your perfect home. Learn about Traverse City neighborhoods, Traverse City suburbs, and the best places to live in Traverse City. Contact us today to learn more!