A real estate agent works under the supervision of a supervising broker who is licensed by the state to oversee buyers or sellers in real estate transactions and usually works on commission. Crucial details can be very easily missed out! So, Here is a handy guide to help you focus on what you should be looking for.
A document that provides a range of information about a specific property, such as its estimated value, sales history, and details about the surroundings. Property reports are used by people who consider buying or selling a property because they want to make sure whether the property is fairly priced and in line with the rest of the local market.
Knowing the reason behind the sale is crucial information for a buyer as this will help you to know whether the home will be a good fit for you. You should know if the seller is moving because of any personal reason or has to relocate somewhere else within a predetermined time, or they can't stand the neighborhood. If the owners have already purchased a new home, they could be in a hurry to sell and you may be able to use your secret weapon of negotiating.
It isn’t astonishing that older houses require more upkeep and the upkeep can be very expensive. Enquiring about the age of the property lets you see if it has sound composition and quality construction.
As a buyer, you would be eagerly interested to know how long a house has been listed on the advertising service. If a property has been on the market for a while you can assume it might either be overpriced or there may be a hidden fault or defect. If the property was taken to auction and didn’t get sold, you would want to dig around and find out what the cause was.
Your construction investigator should be able to pick up any potential concerns, however, asking the agent beforehand might save your time and money. They want a successful sale and are therefore more likely to be fair enough if they know of any issues that may affect your decision. Always request a report copy of the building inspection to know what exactly you are buying.
Make sure you are clear on everything that is or isn’t included when buying a house. Dishwashers and laundry appliances, any fixtures or fittings, garden sheds are considered as white goods, and settling this before you pay a deposit could save you hundreds of dollars in the long run. Don’t forget to test appliances that are included in the sale to make sure they are in good working condition.
Water pressure can be costly to improve and testing the pressure could reveal any plumbing concerns. Check the kitchen, bathroom, showers, or bath taps, laundry taps by turning them on and off, and don’t forget to flush the toilets.
If you make a lowball bid on a home, you could offend the buyer and lose your chance at purchasing the home. Discuss this with your Real Estate Agent to know if the seller is willing to negotiate on their asking price.
Knowing how often the property has been on and off the market multiple times within the last 10 years, could point to a problem in the home that the owners discovered. It may be the location, neighborhood, or the house itself. Ask your agent to see how often the home has been moved out of, and what are the reasons behind it.
Lawfully, a seller has to disclose all the problems with the home. Ask your agent to unveil all the concerns of the home, systems, and appliances before making an offer.
DC Properties is ready to answer the ‘n’ number of your questions until and unless your vision is clear and has numerous properties to showcase according to your needs & requirements and is always there to make a fruitful investment out of your decision. If you wish to invest or sell a house near you, feel free to contactDC Properties.
DC Properties
Level 5 , Nexus Norwest
4 Columbia Ct, Norwest
NSW 2153, Australia
Phone: 02 8860 9690
Mobile: +61 04 60 60 00 60
