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Important Questions Buyers Should Ask in Today’s Market

April 6, 2016

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Clients always approach me about what they should ask during an open house. Today, I’ll review a comprehensive list of important questions to ask a seller’s agent.

 

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  • Have there been any offers? That will give you an idea how much activity the property receives.
  • How stable has the price been? Has it had a price reduction or any similar changes?
  • How long has the property been on the market? This will tell you if the listing has sat on the MLS for a period of time. Additionally, you might see a home reenter the market that’s already been previously listed.
  • When does the buyer want to move? The time frame is vital information to your timeline, and sometimes the seller will pick an offer based on the date alone.
  • What issues accompany the house? You should have a seller’s disclosure available, but you want to inquire about things you can’t see. For instance, this accounts for the roof, plumbing, and electricity.
  • When was the house last updated? This will reveal if you’ll need to address older items and features inside the home.
  • What are the average utility costs? Buyers often don’t understand how interior systems work, and end up unhappy with an expensive utility bill once they’re moved in.
  • What does the neighborhood look like? Ask where you can eat out and where the closest train station is. Are the neighbors friendly?

 

Realtors, like myself, are responsible for answering these questions correctly if the buyer can’t. These are only a few important questions to keep in mind while on the home search. If you’re thinking about buying or selling in the Greater Philadelphia area, I’m here as your real estate resource. Give me a call or send me an email with any questions you might have!

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