You’ve probably heard that it’s a good time to invest in real estate because of the reasonable rates. However, this doesn’t mean that you should just go and buy the first property you see. Make a wise investment by knowing what questions you should ask your real estate agent prior to buying a house for sale in Florida.
Finding the right property and having the funds to make a purchase is only the first step. There’s a lot more to it when buying a house. Florida is a great state to live in, with all its sunny beaches, resorts, amusement parks and much more. Taxes are fairly low too!
When Seeking a House for Sale in Florida, Ask These 5 Questions:
1. Why is the house for sale?
Asking this is very important when searching for a house to buy in Florida; or anywhere else, for that matter. Finding out why the current owners are selling the house gives you a better idea of not only their eagerness to sell, but it may also give you some insight into any drawbacks that obviously aren’t highlighted in the promotion.
2. How long has it been on the market?
This question may also help in the negotiation process. A property that’s been on the market for a considerably long stretch may mean that the current owner is well and truly ready to sell, and is therefore more receptive to lower offers. However, a long for sale time to date may also indicate that there are undesirable aspects about the neighborhood or the house itself. Don’t be afraid to ask.
3. Are there other interested buyers?
If you’re interested in buying a house for sale in Florida, ask your real estate broker if there are other interested buyers as well. Doing so will give you a better picture on what you should offer for the place, especially if your heart is set on owning it. Naturally, if there are a number of genuinely interested buyers, you might expect to pay a premium or a slightly higher price.
4. Is the price negotiable?
It usually is, but this is a question that you should ask for the sake of asking. In the end you might just discover something that will help you get a good deal on the house. It never hurts to ask when it comes to the purchase price. Sellers and their realtors are used to getting questions like this, and will let you know if there is any “wiggle room” at all.
5. What is the best price they can give?
In some cases, the real estate broker will tell you directly, but this isn’t usually the case. Regardless, whatever amount provided is a good indicator of the lowest price the owner is prepared to accept. At times, the “lowest” price they give isn’t exactly the lowest price, because they priced it a tad higher so that there’s room for negotiation.
Hunting for a house in Florida can be exciting, but as with any real estate purchase, it’s also a substantial investment. Don’t hesitate to ask for the information you need to make your final decision. For the most successful property purchase, be up front, and do your research thoroughly.
Jennifer Fehr is the co-owner of Suncoast4Rent with her husband Tom Fehr. Jennifer is a Florida State Real Estate Sales person and works through Stonebridge Real Estate Co Inc in Clearwater, Fl (Pinellas County) to bring the personal touch to all your Real Estate needs, be it professional residential property management, consultation or sales.
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