It’s an exciting time when you’re buying or selling your home and your real estate agent is your partner in this real estate endeavor. But there are some questions that your agent can’t or won’t be able to answer for you. These are the top three questions not to ask your real estate agent.
1. How High Will The Buyers/Sellers Go?
Knowing that your agent is in touch with their agent, you might think your agent knows the highest amount the prospective buyers or sellers will go. This question is problematic for several reasons.
First, would you want your agent to divulge how low of an offer you would be willing to accept? No. Second, the buyers agent would never share that kind of information with your agent anyway. That would violate the ethics code that all quality real estate agents go by.
2. Can You Please Not Divulge the Mold/Radon/Flooding Issue?
Homeowners and real estate agents are required by law to divulge any known issues such as mold. If you as a homeowner are aware of radon and/or flooding issues and you share it with your real estate agent, they may be required to disclose those issues to prospective buyers.
If you ask your agent to withhold that information or to fib about it, you’re really asking them to risk their license and source of family income. Obviously you wouldn’t want to do that. Instead, abide by the laws and let your real estate agent do the same.
Besides, when your buyer is fully aware there’s a better chance for a successful sale.
3. Can You Promise Me A Sale Within A Certain Timeframe?
Real estate agents can’t promise that your home will sell in a certain amount of time. They can offer you statistics in your area and give you an average amount of time when your home might sell. Other than that, there are no guarantees. If you want your home to sell fast take as much of your agent’s advice as possible.
Your agent will do everything they can to answer all your reasonable questions. Just don’t ask your agent to violate their ethics or make promises they can’t keep.
Owning a home may be the American dream, but for many who are in a lower income bracket, finding a loan can become challenging. Thankfully, there are several loan programs that can work well for lower-income people considering homeownership. Here’s a closer look at some of these home loans designed to help people who have a low-to-moderate income find a way to buy a home.
Multigenerational housing is a growing trend that is propelled by the “graying of America.” This trend is the mirror image of children who become adults still living with their parents. Instead, with multigenerational housing, the adult children invite their parents to live with them. Many are seeking to buy larger homes to accommodate the needs of their young family, while also being able to live together with their parents.
Many millennials are reaching the age where they are thinking about buying homes for the first time. It turns out that many members of this generation are finding this process challenging. Even though the housing market is great for those looking to buy, surveys indicate that this generation also finds the process overwhelming.
You might have gotten used to the flexibility of renting. You probably like not having to worry about repair costs and you likely enjoy the ability to pack up and move in short order. On the other hand, you are probably tired of throwing money away and are ready to build equity in a home. While the opportunity to become a homeowner is undeniably attractive, how do you know that you are ready to take on this responsibility? There are a few signs to note.
Owning a house comes with major responsibilities and one of the most important is routine maintenance. While many people like to skip routine maintenance in an effort to save money, the reality is that these routine maintenance is going to save people down the road. The reality is that maintenance is a homeowner’s first line of defense when it comes to protecting their most valuable investment, which is their home.