Questions to Ask When Buying a Home

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Questions to Ask When Buying a Home
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Whether it is about buying or selling a property,
educating yourself with the process is important
because knowledge is power. To be able to carry
out the process smoothly, it is imperative for
all buyers and vendors to seek clarity. This is
because, without any knowledge, you might find
yourself in the dark. Even though you have a real
estate agent by your side, you as an owner must
be aware of every step that your house may have
to go through while selling. Similarly, you must
learn about the steps involved in buying a
property as well. There is no doubt a real estate
agent will keep thing transparent for you while
buying or selling. However, you must stay
active, aware, and informed of everything after
all you will be spending thousands of dollars.
If you find yourself confused, you must hire a
suitable real estate agent for yourself. For
instance, if you are looking to buy anywhere in
Cranbourne, Hampton Park, Lynbrook, or nearby
suburbs, then contact Carlton Vaz. He
specializes and offers his expertise in real
estate across all these regions. A good real
estate agent with you will always be available,
will guide you right at every step, will tell you
whats right and whats wrong, will keep you
informed, and will simplify the entire process
for you. But you may still find yourself in a
tizzy. So, here are some of the questions that
you must ask and seek answers for.
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Ask About Recent Property Sales Report
This question will tell you about the worth of a
house. Asking about the propertys sales report
is one of the most important questions that you
can ask. Many people do not ask this question
may be because they are not aware or they
hesitate to ask. If you are going to buy a home
after selling the current home, then you should
question your agent on why they think the house
is worth for the amount it is being sold. To get
clarity on this question, you must ask for a
detailed report on the recent sales which shows
similar properties sold in recent times.
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Ask Reasons Why the Vendor is Selling
If you figure out the reason why a vendor is
selling a property, it will help you negotiate
better. If there is a real estate agent in
between, he/she might do this job on your behalf.
But you should ask this question to your real
estate agent and get answer. Once you are able
to negotiate on strong grounds, you can
potentially save thousands of dollars. Knowing
the reason behind the sale can provide invaluable
information to a buyer so make sure you ask it.
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Ask For How Long the Property Has Been on the
Market
If the property has been on the market for more
than six months, just make an assumption that it
is either wrongly priced or there is something
wrong with it. In Australia, the average time a
home stays in the market is around a month. So,
asking this question will get you clarity about
the long stay of the house in the market.
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Ask If the Property Was Taken to Auction
If the home was taken to auction and could not
sell, try to know the reason and figure out the
cause. If the property was passed in at auction,
make sure you ask if the pass-in price was from
a buyer particularly or if it was completely a
vendor bid. You must make sure that the house you
are buying is fairly priced and also compared to
the rest of the local market. Make sure, you are
not overpaying.
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Ask If There Are Any Issues with the Property,
or Neighbours
There may be some issues that you could not see
with the naked eye. The issues that you might
miss can even affect the value of the property.
So, it is important to ask the real estate agent
about issues, if any. Maybe, you change your mind
on this. Even though the building inspector or
your conveyancer will help you pick up the
potential issues before settling. You should ask
the real estate agent before signing the
contract. Just in case, they point out something
new and things change later on. You never
know! A good real estate agent will tell you
upfront if there are any issues that can affect
your decision later on. Also, if you do not want
to depend entirely on real estate agent, do
conduct research of your own.
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Ask If the Sellers Are Open to Negotiation Or Not
This question is important because if you know
the seller is open to negotiation, you will be
able to set the best possible price for the
house. In case you are on a bargain hunt, you
would want to be clear on what the minimum
amount a seller is happy to let a property go
for. It will help in determining whether you can
afford it or not.
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Ask for Sales History
To get a clear picture on the real worth of
properties, conduct a thorough research and look
for the sales history of the houses in the
area. You can ask your real estate agent for the
same or you can also speak to other real estate
agents in the area. Numbers, statistics, and
figures give a crystal-clear idea. So, look for
accurate data.
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Ask for Any Changes That has Occurred in a Suburb

• See the changes if any happened over time in the
  suburb you are looking forward to buying a
  house. Look for the profile of the suburb like
  its demographics, amenities, access to public
  transport, schools, parks, etc. It is important
  for you to check everything in that suburb
  because you will not just buy a house but an
  area.
• Talk about it to the real estate agent and even
  the seller. You may want to know if the area has
  professionals, seniors, families, or retirees.

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Conclusion
You will be spending a huge amount and probably
you will be making a big decision of your life.
So, it is important for you to take steps with
utmost care and do not hurry. Remember, haste
makes waste. One wrong decision can affect your
budget and long-term plans. So, it is better to
seek advice from your real estate agent. Talk to
him about everything clearly. Do not mince words
instead ask what you want to. Satisfaction and
contentment are key in making such a big
purchase. If you are going to spend thousand
dollars, it is suggested to take every move
wisely. In case, you do not feel confident about
the process and even about asking questions, hire
a real estate agent in Lynbrook or of the suburb
you want to buy a house in. You can also contact
the best real estate agent, Carlton Vaz providing
his expertise in Lynbrook, Cranbourne,
Lyndhurst, and nearby suburbs.
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Get In Touch
PO Box 137 Lynbrook Victoria 0425843786 carlton_at_
carltonvaz.com.au Content Resource
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