7 Things To Ask Before Purchasing A Property

 7 Things To Ask Before Purchasing A Property

Buying a property is a major investment, and it’s important to make sure that you get all the information you need to make an informed decision. One of the key sources of information when buying a property is the estate agent. Estate agents are the intermediaries between the buyer and seller, and they can provide valuable insights into the property and the buying process. But what should you ask an estate agent before buying a property? In this blog post, we’ll explore some of the key questions you should ask to help you make an informed decision.

  1. What is the property’s history?

One of the first things you should ask an estate agent is about the history of the property. This includes information about the previous owners, any major renovations or repairs that have been made, and any other relevant details. This information can help you understand the condition of the property and any potential issues that may arise in the future.

  1. What is the asking price?

The asking price is the amount that the seller is asking for the property. This is an important piece of information as it will help you determine whether the property is within your budget. It’s also worth asking about any recent offers that have been made on the property, as this can give you an idea of how much competition there is for the property.

  1. What is included in the sale?

It’s important to clarify exactly what is included in the sale. This can include fixtures and fittings such as kitchen appliances and light fittings. It’s important to know what you will need to purchase separately so that you can budget accordingly.

  1. What is the condition of the property?

Ask the estate agent about the condition of the property, including any repairs or renovations that may be required. You should also ask if they know about any issues that may not be immediately apparent, such as damp or subsidence. This information can help you decide whether the property is worth the investment.

  1. What are the local amenities like?

The local amenities can have a big impact on your quality of life, so it’s important to ask the estate agent about the local area. This can include information about schools, shops, parks, and public transport links. It’s also worth asking about any planned developments or infrastructure projects that may impact the local area in the future.

  1. What is the chain like?

The property chain refers to the sequence of buyers and sellers involved in the property transaction. It’s worth asking the estate agent about the chain as this can impact the speed and likelihood of the sale going through. If the chain is long, there is a higher risk of delays and complications.

  1. Are there any additional costs?

Finally, it’s important to ask about any additional costs that may be associated with the purchase. This can include things like stamp duty, legal fees, and survey costs. Make sure you understand all the costs involved so that you can budget accordingly.

In conclusion, buying a property is a major investment, and it’s important to ask the right questions to make an informed decision. Asking the estate agent about the property’s history, asking price, condition, local amenities, chain, and additional costs can help you make an informed decision and avoid any surprises down the line.

Jay Magson

Business | Property | Lifestyle - Jay@weareteignbridge.co.uk

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