If you are a first-time homebuyer and you have no idea what happens during a transaction, then you must know all the right questions to ask to make sure that everything will go smoothly and that you will not be fooled in the process.
Here is a list of the top questions to ask your real estate agent, including selling reasons and when to use an SLDT calculator to compute your taxes.
1. Will the seller pay for the stamp duty?
Stamp duty is usually included in the bills that you should pay when you are a first-time homebuyer. Some home sellers will pay for it as an incentive or as a way to market their property, which is why you should ask if the seller would pay for the stamp duty.
If the real estate agent says no, then ask if you can still negotiate with the seller about this. Besides, there is no harm in asking and negotiating.
2. Ask them about the reason for selling.
You have every right to know why the seller is selling their house. It might be because of a memory that happened in the house that they would like to let go of, or simply because they are moving to a different location.
No matter what it is, make sure to ask your seller or agent about this to make sure that you are getting your money’s worth and that the house is completely fine.
3. How long has the property been on the market?
It is always nice to ask how long a property has been on the market. If it has been on the market for about six weeks or so, then start investigating. This might mean that there is something wrong with the house, which is why people tend to back out when buying it.
Make sure to ask your seller if there are any known issues in the house so you will not regret buying the property later on.
Remember to do your research and ask the right questions to make sure that you are buying the right home for your family and yourself.