The Most Common FAQs Real Estate Companies Hear

Real estate companies have heard it all, and for understandable reasons. After all, you should ask a real estate company a good amount of questions before you invest in any kind of property. Whether they’re selling homes or commercial real estate, these companies have to be ready to reassure buyers and gain their trust.

If you’ve never invested in property before, you may be concerned about what you need to know ahead of time. With that in mind, let’s look into some of the questions real estate companies are most commonly asked, and you can decide whether or not they should make your list.

What Should My Budget Be?

If you’re new to an area, you may not be used to real estate prices in it just yet. Nobody has a better idea of what you should budget out for property than a local real estate company. Generally speaking, the median sales price of a non-distressed home was $216,000 recently. Comparatively, the median price of a foreclosed-upon home was $155,000, which equates to a 28% price cut. The more you know about what to expect regarding prices, the easier it will be for you to start saving realistically.

Are Prices Negotiable?

Every real estate company has a different approach to negotiating on pricing. Typically, though, some level of negotiation can be expected. Most real estate companies prepare their owners to expect some degree of change in their pricing. The saturation of the local real estate market can affect that negotiation space. At times, properties sell for exactly their asking price, but unless a bidding war begins between multiple buyers, prices often somewhat drop.

How Many Properties Should I View Before Buying?

Real estate companies often offer buyers multiple options. However, of course, there has to be a point at which the buyer makes a final decision. Every buyer is different, but it’s much easier for them to screen properties online first in this day and age. This can help them narrow down the number of properties they’re seeing in person.

Can I Back Out?

You can back out of the purchase of a home prior to all aspects being finalized. If the buyer has put forth earnest money, they will typically need to forfeit 1 to 2%, but a sale shouldn’t go through without all parties being comfortable.

When it comes to buying property, you need to know the right questions to ask so you can make the best decision for your family. If you need the help of a real estate company, contact the Henri Vezie team today.