One of the best ways to make the house buying process smoother is by asking the right questions. These can help you gather essential insights about the property and its sellers, giving you clarity and confidence in your decision-making.
At Chetwood Lloyd Mortgages, we believe that an informed buyer is an empowered buyer. That’s why we’ve compiled a list of nine key questions to ask your estate agent. Whether you’re a first-time buyer or a seasoned homeowner, these tips will help you avoid surprises and make smarter choices.
1️⃣ Why is the owner selling?
This simple question can provide valuable insight into the seller’s motivation. Are they relocating for work? Downsizing? Or are there issues with the property or neighbourhood? Understanding their reason for selling might also reveal how flexible they are on price.
2️⃣ How long has the property been on the market?
If a property has been listed for over three months, it’s worth finding out why. It could point to challenges like overpricing or potential issues that other buyers have noticed. On the flip side, this could open up an opportunity for negotiation.
3️⃣ Has the property’s value changed recently?
Check the property’s price history. Has there been a recent reduction? If so, it might reflect market trends, condition issues, or a motivated seller. Comparing it to similar properties in the area will also give you a clearer picture.
4️⃣ Has the property repeatedly changed hands?
A house with frequent ownership turnover can be a red flag. Ask your agent if they know why owners don’t tend to stay for long. It could indicate hidden problems you’ll want to uncover.
5️⃣ What is the minimum price the seller will accept?
While agents may not always give a straight answer, they often have a good idea of what the seller might agree to. Politely probing could save you both time and money.
6️⃣ Have the sellers found a new home?
If the sellers have already found their next property, they may be eager to close the deal quickly. This could give you an edge in negotiations. On the other hand, if they’re part of a long chain, it could lead to delays.
7️⃣ Have the sellers received any offers?
Knowing whether the property has received offers can help you gauge competition and decide on a bidding strategy. While agents won’t disclose amounts, they might hint at the level of interest.
8️⃣ Have any major renovations been made?
If significant updates have been done, check whether proper planning permissions and building regulation consents were obtained. Missing paperwork could lead to delays or unexpected costs later.
9️⃣ What is included in the sale?
Fixtures, fittings, and outdoor features (like garden sheds) aren’t always part of the deal. Clarifying what’s included ensures you won’t face surprises—or additional expenses—after the purchase.
📝 Final Thoughts
Asking these questions can transform the home-buying experience, helping you make an informed decision and negotiate with confidence. At Chetwood Lloyd Mortgages, we’re here to guide you every step of the way, from answering your mortgage queries to helping you navigate the property market with ease.
If you’re looking for truly independent, fee-free advice tailored to your needs, get in touch today. Let’s turn your dream home into a reality!
📞 Call us now or 📅 book a consultation online to get started.
