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Are you asking these key questions when you buy or sell?
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A recent study has revealed the 'most dreaded' and unusual questions buyers have asked about a property before making an offer.
With a small minority asking whether pets come included in the sale, it’s fair to say that not all of the responses are winners!
However, the report by Hillarys has shed light on just how many Brits lack proper preparation during the home buying process.
Up to two-thirds will not plan their questions ahead of a house viewing, meaning they're not getting full value from the experience, as well as potentially wasting an opportunity to find out all of the property’s pros and cons early on.
The most dreaded questions from buyers |
|
Has it dropped in value? |
54% |
What local plans could affect us? |
42% |
What’s the lowest price we could get it for? |
33% |
Is the seller in a chain? |
21% |
To help you make the most of your viewings the next time you decide to buy or sell, we thought we'd share practical suggestions for you to consider.
What to ask when buying
1. Exactly what is included in the sale?
Whilst it's safe to assume most sellers will want to keep their pets, it's important to outline what content might be included, such as fixtures, fittings and garden furniture.
2. How long has it been on the market and how many offers have been received so far?
Are there underlying issues?
3. When are the sellers looking to move out?
Knowing whether they've already found another home or they're still in the midst of looking will help you determine how long the process may take.
4. Have there been any recent renovations or any difficulties with boilers, drains and guttering?
There could be hidden issues or potential costs.
5. How did the agent decide on an asking price?
Good agents will be able to justify the value of a property, so you'll know whether it's listed at the right amount or if it's overpriced.
What to ask when selling
1. How will you market my property?
Is the agent regularly contacting a database of suitable applicants to give you greater market exposure, or does their strategy start and end with a basic Rightmove listing?
2. What are their success metrics and how do they compare to other agents?
What's their experience selling a home like yours at a price like yours?
3. How much will you charge?
Choosing the agent offering the lowest fees won't guarantee you reach asking price and you may lose time and money on the market. Be savvy when you instructing an agent.
4. What are the contract terms?
Before beginning any contractual relationship, know exactly what to expect from them.