Top Tips – clever questions to ask the estate agent when buying

• Why is the owner selling?
• How has the property’s value changed in the last few years?
• Any local plans that could affect us as homeowners?
• Exactly what is included in the sale?
• How long has the property been on the market?

What is misrepresentation when selling a house?

Misrepresentation. If the seller makes a false statement of fact relating to the property and that statement is relied upon by the buyer, and causes him loss, the seller can be said to have made a misrepresentation.

What do you need to know when selling a house?

Clearing the air about any big problems lets the buyer make an informed decision. If the buyer wants the house with the existing issues, you can feel confident he or she wants the home. Focus on significant issues. Buyers need to know about major problems, not every single imperfection in your home.

What do realtors have to disclose when selling a home?

The term let the buyer bewaremeans the buyer assumes the risk of purchase. It might fail to meet expectations or have defects. Disclosure laws in Massachusetts differ significantly, however, for a real estate agent. Realtors MUSTdisclose any known problems with a home.

What should I ask during a reference call?

First, explain who you are and that you are calling with reference check questions. Then ask if they have a moment to talk. Make sure to ask a consistent set of questions during every reference call. Standard questions keep you on the right side of fair housing laws—discriminatory questions may come back to bite you.

What are the best questions to ask a real estate agent?

Start by asking friends and neighbors for recommendations and check online reviews. Referrals are the lifeblood of good real estate agents. Or drive around your neighborhood and see which agents have a lot of signs up. They are likely to know your area well and have good insight into local pricing and marketing strategy.