Quick Answer: What Questions Should I Ask An Estate Agent When Buying A House?

Do estate agents have to disclose murders?

It is a legal requirement under the Consumer Protection from Unfair Trading Regulations (or CPR’s), that estate agents and property vendors alike have to disclose any information that could either effect or decrease the value of a property.

This does include both murder and suicide in the property..

Can a real estate agent tell you what to offer?

The seller may have something to say about this matter. In fact, he may even have instructed an agent not to disclose any offers. That is perfectly legal as well. A real estate agent should always be putting the interests of the seller ahead of their own.

How many times should you view a house before buying?

Ultimately, there is no right or wrong answer although it’s almost always a good idea to view a property more than once before making an offer. Typically, people will view houses between 2-4 times before making an offer, but you should view a property as many times as you need to to be sure it’s the right one for you.

What questions should you ask an estate agent?

Questions to ask estate agents when buyingHave there been any issues with the neighbours? … How much is the council tax and utility bills? … Is this property in a conservation area? … Can you speak with the sellers? … Have any other offers been made and how much? … How long have the current owners been in the property? … How long has the property been on the market?More items…

What do estate agents have to disclose?

CPRs mean that estate agents now have to disclose “fair” information to homebuyers and sellers. That includes making “material information” about a property clear, unambiguous and not deliberately misleading or withholding information from buyers. … So no hiding information from buyers until it’s too late.

Should you offer over asking price?

But most agents prefer an easy negotiation, knowing that sellers get offended when they receive low offers on their homes. This means they will probably recommend you make an offer close to the asking price.

What must a seller disclose?

5 things you need to disclose when selling your homePre-contractual duty of disclosure. Under the common law, you’re responsible for disclosing defects in your property title to potential buyers. … Property defects. … Off-the-plan. … An accurate sales price. … It pays to be honest…

How long should a house viewing last?

15 to 20 minutesWhile many people will spend 15 to 20 minutes looking at a house, the length of each house showing simply depends upon the buyer and the house. Each buyer is different. Depending upon the specific circumstances of each viewing, more or less time may be necessary in order to determine your feelings on a property.

Can you ask an estate agent about other offers?

Estate Agents can’t legally tell you how much the other offers were for, but they will usually indicate if they were close to the asking price, which can help to inform your own decision.”

What real estate agents should not tell?

Ross says there are three things you never need to disclose with your real estate agent:Your income. “Agents only need to know how much you are qualified to borrow. … How much you have in the bank. “This is for your lender to know, not your real estate agent,” he adds.Your personal and professional relationships.

What should you not say when viewing a house?

6 things not to say when you’re house huntingKeep major renovation plans to yourself. … Refraining from negative commentary on the existing décor. … Never admit that you’ve found your dream home. … Be careful who and what you ask. … Be careful when chatting to any of your potential neighbours. … Avoid saying that the asking price is unreasonably high.

Do real estate agents have to disclose problems?

An agent is obliged to disclose such matters to prospective buyers whether they ask about them or not. Staying silent regarding a potential problem is no defence for the appointed agent and does not absolve them from their responsibilities.

Do real estate agents lie about other offers?

But for agents in NSW, this is completely untrue. Legally, agents in NSW are allowed to disclose current offers to any other potential buyers. Agents are required to inform the seller of all offers made to purchase the property, but there is no law to prohibit the disclosure of offers to potential buyers.

What to bring to house viewing?

What to Bring to an Open HouseYour agent! Your agent is your #1 resource when house shopping. … Pen and paper. You’ll want to take notes during your tour so you can reference them later, especially if you have plans to see multiple properties.Measuring tape and measurements. … An open mind!