Hooray! You have finally decided to buy a house. It is an exciting and life-changing event. We are sure you have been waiting for this day for a long time. Now, you might be wondering what you need to do next. The first thing you should do is to celebrate! You deserve it after all the hard work and savings over the years to get here.
Now, the next smart move is to begin the hunt for your dream. While you might like many properties, knowing which one is the best match for your needs is important. Hiring a Real Estate Agent makes your home buying journey quite hassle-free and can avoid some major pitfalls and hidden costs. Here are a few things that you should check with your real estate agent before you finalize your house purchase and sign all the documents of ownership.
1. Why is the owner selling the house?
When you are trying to buy a property, you need to know why the seller is selling it. This can help you make an informed decision about whether or not to go ahead with the purchase. The reasons behind selling property can influence your decision and price negotiation. For example, if the seller is looking for a quick sale, they may be willing to take less than what they would have otherwise. Also, if they are fed up with their neighborhood, or not comfortable with the location, you should know the real reason for an informed decision.
2. How old is the property?
Knowing how old the property is can help you decide if it’s worth buying.
Property age determines the quality of the building and how well it has been maintained over time. Older properties are more likely to have structural problems or be poorly insulated, which means they will require more maintenance. These factors can make older properties less appealing to buyers who are looking for a lower-maintenance home with low energy bills.
3. How long has the property been on the market?
We should know how long the house has been on the market before buying it. If it has been on the market for a long time, then there may be a good reason for this. For example, the house may be too expensive or there may be something wrong with it that makes buyers not want to buy it. An experienced real estate agent will be able to get an idea from people who live in or around the area. It will be beneficial for you!
4. How much are the property tax and utility bills in the area?
One of the biggest expenses that you will have after buying a new home is property tax and utility bills. The property tax is the amount of money that you will pay to either the state government or local civic bodies for the right to own and use your property. The utility bill is the amount of money that you will pay to your local utility company for providing water, gas, electricity, or other services. It is essential to know all these before making a decision.
Make sure you ask it because the costs vary depending on the location and other factors. For instance, if you are looking for a house in Pune, check it with the Property dealers in Pune . Do not assume it is the same as your previous property or a rate in your city or area.
5. What is the current market value of the house?
A property’s present value in the market can be determined by analyzing its location, size, age, amenities, and other features. If you are a house buyer, then you must ask your real estate agent about the property’s current value in the market. The real estate agent should be able to give you an estimate of the property’s current market value. This will help you to find out if the house property is worth its price.
6. Can you recommend good home inspectors and mortgage providers?
When buying a home, it is important to make sure that you are getting the best deal. It is also crucial to know that there are no hidden costs or surprises. You must work with professionals who have experience in this field, like home inspectors, mortgage brokers, and more. Ask your real estate agent for references. They often have great contacts in this field.
Hire a Real Estate Agent in Pune you can trust!
Asking all these questions is fine, but getting the right answers, and expert advice is the real deal here. This is where you can trust Bhatnagars Real Estate. You can count on us as a seasoned real estate agency in Pune that has built a reputation of trust and knowledge over 40 years. So far, we have helped many homebuyers find residential property for sale in Pune and we take pride in doing it every single day. So, whatever your needs are, whether you’re buying, selling, investing, or renting, we are here to support you.
Get in touch with us to explore your options in the heart of Pune!