4 Important Questions To Ask Your Realtor

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Written by TeamIdentity

Ask your realtors questions so that you heir expertise can guide you in find the right property.

The last thing you want to do when buying a property is to find out you have made a massive mistake or you overlooked some aspects that can land you in trouble down the line.

While it is a seller’s legal responsibility to disclose the correct information to new buyers, not everyone is forthcoming with the relevant information.

Not asking the right questions and being negligent in your research without proof, can lead to a less informed decision.

Which can potentially put you in a situation you didn’t anticipate.

These questions are just a few of what you should ask your realtor when buying your next property.

Do You Know The Area Well?

A local realtor with extensive experience in the area will have a wealth of knowledge. They’ll know about the market, the types of homes for sale, and what you can expect to find at fair price points. They will be well-informed about the properties being listed, their selling prices, and what you can expect at your price point.

They will also have details on any regeneration plans, upcoming developments, and zoning restrictions, as well as the likelihood of changes being approved if you’re looking at adapting the property you end up buying. Their expertise can guide you in finding the right properties.

Do They Spot Any Issues?

When you’re viewing a home, it can be easy to be wowed by the state-of-the-art kitchens, nice decor, and stunning landscaping. Often, you might be looking at a property through rose-tinted glasses. Your realtor will be looking at it with their professional hat on and might be able to see things you don’t or are unaware of.

Always ask them for their opinion of the property or red flags they see. If they have your best interests at heart, then they will want you to buy the right property, not just any property.

Where Are The Boundary Lines and Do You Share These with Neighbors?

The last thing you want is to move in and find you cannot do what you want with your home. Why? Because your neighbor may own part of your land or even house! It’s crucial to ask your realtor for proof of boundary lines and what control your neighbors might have. You can check with your property, surrounding land, or the local district if applicable.

This way, you can ensure that you are fully aware of your property rights and potential issues, and if necessary, take steps such as getting a Quitclaim Deed to settle any issues. This will give you a clear understanding of what you’re getting into and secure your property rights.

Is There A Lien On The Property?

A lien is a formal notice that a person owes someone a debt, and typically they are placed on real estate, although they can be placed on cars or boats too. Always ask your realtor if there is a lien placed on the property you are looking at, and if so, ensure they work with you to make sure that this is cleared before you buy it.

Otherwise, you might end up buying a home that someone else has a claim to. A lien can be removed once the debt is settled in full, and you should ensure this is the case before becoming the legal owner of a property.

Photo by todd kent on Unsplash

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