Real Estate Agents Hate When You Ask These 5 Questions
Written by
Ashleigh Ray, AI Editor
Edited by
Ashleigh Ray
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Real estate agents are your allies in your homebuying journey, offering you the map and compass to navigate this labyrinth. However, there are a few questions that can make your trusty guide a tad uncomfortable.
Here’s a look at the top five questions that real estate agents wish you wouldn’t ask — but you absolutely should.
“Can You Show Me The Comps for This House?”
This question is a double-edged sword. On one hand, you’re showing that you’ve done your homework and are serious about understanding the value of homes in the area.
On the other, it puts the agent in a spot where they must be transparent about the pricing, which might not always be in their best interest, especially if they’re trying to sell a house at a higher price point.
However, knowing the comps (or comparable sales) is crucial for you to understand if a house is priced fairly. It’s like asking the price of a burger at one joint when you know the joint next door sells it for less (and maybe even throws in extra fries).
“How Much Wiggle Room Do We Have on the Price?”
Ah, the dance of negotiation. This question is akin to asking how flexible a seller is without actually starting the tango. Agents might be hesitant to answer because revealing too much could weaken their position or their client’s.
But for you, the buyer (or seller), understanding the flexibility can be key to crafting an offer that’s enticing enough to be accepted but also doesn’t leave you feeling like you paid for a gold-coated burger when you wanted the classic.
“How Long Has This Property Been on the Market?”
This question is the real estate equivalent of asking someone why they’re still single. It feels a bit personal and can suggest there’s something wrong with the property.
But knowing how long a home has been on the market can give you insights into potential issues or, conversely, leverage in negotiations. It’s a fair question that can uncover things you might’ve otherwise missed.ias
“What’s Your Commission?”
Talking money can be awkward, especially when it comes to someone’s earnings. Yet, understanding how your agent gets paid is can be pretty helpful information.
This question sheds light on potential conflicts of interest and helps you understand how motivated your agent might be to close the deal. Remember, the goal is a fair deal for the house, not just a speedy sale.
“Can I Talk to Some of Your Previous Clients?”
Asking this question can put agents on the spot, especially if their previous engagements were not Michelin-star experiences. However, talking to past clients can give you a taste of what to expect and ensure that your agent is seasoned in the type of transaction you’re looking to complete.
A Final Thought
Buying a home is a significant milestone, and you deserve to have all the information you need to make informed decisions. While these questions might make your real estate agent squirm, they’re essential for your peace of mind and financial well-being.
Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.
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