5 Questions to Ask a Realtor Before Buying a Home
Ask your realtor these 5 essential questions before buying a home to make a confident, informed decision.
Buying a home is one of the biggest decisions you’ll ever make and having the right realtor by your side can make all the difference. Before you start the process, it’s important to ask the questions that truly matter. These five essential questions will help you understand pricing, neighborhood insights, hidden costs, and market conditions so you can move forward with confidence and clarity.
Is this home well-priced?
Determining whether a home is priced reasonably is crucial to making a sound investment. A skilled realtor will analyze comparable sales, the home’s condition, and market trends to determine if the asking price makes sense. Their insight can help you avoid overpaying and position you to make a competitive, informed offer.
What should I know about this neighborhood?
A home’s location can affect your lifestyle just as much as the house itself. Ask your realtor about local schools, amenities, commute times, safety, and any upcoming developments. A knowledgeable agent will provide honest insight into the neighborhood’s strengths—and potential drawbacks—so you can make a confident decision.
What are the hidden costs I should be aware of?
The purchase price is just the beginning. Closing costs, inspection fees, property taxes, insurance, and potential HOA dues can all add up quickly. A trustworthy realtor will walk you through these additional expenses, allowing you to budget accurately and avoid financial surprises after closing.
How competitive is the local market right now?
Real estate markets can shift rapidly, even within the same city. Your realtor should be able to tell you how quickly homes are selling, whether multiple offers are common, and what percentage of the asking price homes typically sell for. Understanding the level of competition will help you set realistic expectations and develop a strategic buying approach.
What offering strategy do you recommend?
Once you’ve found the right home, your offer needs to stand out from the rest. Ask your realtor how they plan to structure your offer—from price and contingencies to timing and negotiation tactics. A great agent will tailor the strategy to your specific situation, helping you strike a balance between competitiveness and financial caution.
Here at Living in Madison Real Estate Group, we have an agent waiting for you to answer all these questions and more! Trust one of our dedicated real estate professionals to guide you through every step of the home-buying process. From finding the perfect neighborhood to crafting a winning offer, we’re here to help you make your next move with confidence.
