Five Questions You Should Ask Your Real Estate Agent

Besides helping you find a place to call home, Real Estate Agents can help you with more. Real Estate Agents have insights into the community as well as the expertise on the financial benefits of homeownership at a specific location. There are questions that either go over people’s heads or never thought of asking to begin with. Are you looking to buy a home soon? Get all the information you can by reading these five questions you should be asking your Real Estate Agent!

  1. How much will it all cost?
  • Prices that go beyond the selling price should be discussed. This includes renovations, repairs and things of that nature. Replacement appliances, blinds or flooring might add to the total cost of the house, so make sure you ask your realtor about it.

2. What is the history of the house?

  • It makes perfect sense to ask if there were any previous damage to the house before you make an offer. You should ask for a Comprehensive Loss Underwriting Exchange report from the seller, which allows you to see the claims on the property in the last 7 years.

3. How much should I offer?

  • You can ask your buyer’s agent to provide you with information to comparable homes that sold in the area, including low and high price ranges. It’s good to initially meet the seller’s asking price within a certain range.

4. What’s happening in the neighborhood?

  • Good real estate agents know what’s happening around the community they do business in. Based on what goes on around the house, your agent should be able to determine the investment value based on local housing trends.

5. Can you recommend a home inspector, handyman or attorney in the neighborhood?

  • If your real estate agent knows of any professionals that may assist you throughout the lifetime of owning your home, that’s a huge benefit. It’s always a good thing to have a mutual relationship with another professional, and having a plumber, renovator or any other handyman in contact that knows your agent will lead to smooth sailing.

The first thing you should do to help your Real Estate Agent narrow down on what prices work for your financial situation is to get a Pre-Approval from a trustworthy lender like Lyons Mortgage Services, Inc. Luckily, we offer the convenience of an Online Pre-Approval, with support to guide you step by step via phone (800) 448-8101 or email (info@elyons.com).


 

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