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C&G’s Guide to Essential Questions To Ask An Estate Agent
Have you decided to step into the property market? How exciting! Whether you’ve found your perfect home or you’re still packing the weekends with inspections, it’s important that you feel confident and well-informed before purchasing a property. It’s potentially the biggest buy you’ll ever make, after all! To help you feel supported during this wonderful time, C&G have compiled some useful questions to ask your agent before signing contracts. Have a read!
What is the neighbourhood like?
For many people it is important their surroundings suit their lifestyle. Are you a family with children, an older pair downsizing, or a young professional couple? Depending on your stage of life, you may prioritise street safety, access to amenities, or proximity to public transport options. If your neighbourhood has multiple live music venues and a bustling cultural scene, consider whether there may be issues concerning noise – and if they will worry you. If you have kids, you may be interested to learn how many families reside in the neighbourhood, and which schools lie in your catchment area. Your real estate agent will have a sound understanding of the area’s demographics and will be happy to point you to further resources to better understand your new ‘burb.
Why is the property being sold?
Whether they’ve purchased another property or are relocating elsewhere, it can be helpful to understand the seller’s situation. What does the vendor really need from the negotiation? Settlement periods may come into the equation, as could a particular deposit amount or early release. A vendor may choose not to disclose why they’re selling – but this shouldn’t be taken as a strike against the home. Life’s changes – marriage, divorce, babies, deceased estates – can leave us all a little sensitive from time to time. Remember – the vendor is a person, too!
Can you negotiate?
It’s appropriate to negotiate when purchasing property. Your Chisholm & Gamon agent will be happy to inform you about the process and help you to present your best possible offer for consideration to the vendor.
Is there anything else to consider?
Ensure you request a contract of sale and Section 32, and ask your conveyancer or solicitor to review it. These two critical documents have all you truly need to know about a property and the terms of sale you’re entering into. Once you understand the contracts to satisfaction, you’re ready to go ahead and make your offer!
Have more questions? The expert team at Chisholm & Gamon have years of experience working with buyers and vendors across Melbourne. Reach out today … we’re your resource!