There are a few things that you should bear in mind when selling or buying property. Should you be listing your house for sale or buying one that is already listed, it is good to ask the agent some questions before you entrust them to sell or buy you a house. Below are some of the question that you need to ask your agent.
After the sale of the house it is important to know how much commission they will be expecting. The ideal figure when it comes to commissions is usually 5 to 8 percent of the property sale and you should be expecting to pay nothing between this range depending on your agent. While that is the standard figure, some agents do get a higher percentage depending on their track record and some negotiation may need to come in play.
If you are looking into selling your house, another good question to ask the agent is how you should prepare your house for sale. So that you do not waste your time and money, it is good to know which renovations are useful so that they increase the value of your home when you decide to carry out such works. The most important thing you however need to remember is that you need to declutter and depersonalize your home so that you can easily get it ready for sale as well as others that the agent will recommend.
Ask your agent about the purchasing process so that you are familiar with how it looks like. The sale process is quite a long one and it is important to know what to expect so that you are not overwhelmed by the process. Things like making purchase offers, and having contracts executed are things that you need to know when you are ready to make a purchase.
Knowing the various house financing available is also quite helpful and something that you can ask your agent about. There are various loan facilities accepted for a property and you should be able to know which kind they are before you buy or sell property. Asking your agent about the ideal payments will help you make expeditious payments with the help of the facility.
Another important question to ask the agent is if the price of the house is negotiable. With the sale of property, the price is one of the most important factors to consider and is something that you should factor in when selling or buying property. Something that you should find out from your agent is if the price of a property can be negotiated based on what is required by law since there are some properties that have fixed prices based on requirements in a given area.