lifestyle
10 Important Questions To Ask An Estate Agent During Viewings
Buying or renting a property marks a significant milestone, encompassing a variety of intricate decisions that can either enhance or hinder the overall experience.
With only a handful of opportunities to gather information though, it can be difficult to know you’ve asked everything you need to ensure you make an informed choice. This is particularly true for first time buyers, who are undertaking their very first search for the perfect property.
Photo by James Feaver
Amy Wray, founder and managing director at Holmfirth estate agent
Applegate Properties, provides 10 questions you might want to consider, to help facilitate a smooth and successful purchase…
How long has the property been on the market?
Understanding the amount of time a property has been listed can not only offer insight into its desirability, but give an indication of the seller’s motivation too — opening up potential negotiation opportunities.
What is the asking price and have there been any changes to this?
Knowing the asking price and any fluctuations can help you gauge the property's affordability and its perceived value in the current market. This information is crucial for making an informed offer or negotiating a fair deal.
What is included in the sale/rental price?
Clarifying what is included in the sale or rental can prevent misunderstandings later on. Inquire about any fixtures, fittings, appliances, or other features that may or may not be included to manage your expectations.
What are the running costs of the property?
Delve deeper into ongoing expenses such as council tax, utilities, maintenance fees, and service charges. Understanding these costs upfront will help you budget effectively and avoid any surprises after moving in that may impact overall affordability.
Are there any known issues with the property?
It’s important to ask about things like structural problems, dampness, and recent repairs. Request detailed information and, if necessary, seek professional advice or arrange for a thorough inspection before committing to the final sale.
What is the local neighbourhood like?
From nearby amenities and schools to public transportation, crime rates, neighbours, and more, ask the estate agent about the surrounding area. As well as helping to inform the perceived value of the property, this will give you a better understanding of the location's suitability for your needs and lifestyle.
What are the transport links and commute times?
If you rely on public transportation or have a specific commute that’s non-negotiable, ask about nearby transport links and average journey times. This will help you assess the convenience and accessibility of the property, and ensure deal-breaking criteria is met.
Are there any upcoming renovations planned for the property?
It’s important to double check whether the current seller or developer has plans for upcoming renovations or repairs that might alter the property. Understanding the scope and timeline of these projects could impact your decision or negotiations significantly.
Are there any planned future developments in the area?
Don’t just restrict your inquiries to the four walls in question – extend questions to learn more about the nearby area too. Ask about any planned infrastructure projects – such as new roads, schools, or commercial developments – as this information can influence the property’s long-term value, and suitability for your requirements.
What is the selling/rental history of the property?
Obtaining information about the property's selling or rental history is crucial, as it offers valuable insights into its past market performance and reveals any notable concerns that previous buyers or tenants may have encountered.
Armed with this knowledge, you may also be able to negotiate more favourable terms, taking into account any factors that have influenced the property's value or desirability in the past.