questions to ask a realtor when buying a house

Buying a home can seem daunting and complicated at first, but don’t worry –– that’s what Real Estate Agents are for. Professional Realtors® help you navigate the home buying process with their expertise and industry knowledge.

Your Real Estate Agent is your most valuable resource when buying a home whether for the first time or the 10th time. These professionals know the ins and outs of working with sellers to negotiate the best deal for you on your future home. They also take the work of scouring listings off your hands as they come to you with home listings that fit your preferences.

Now that you know the importance of working with a Real Estate Agent, you may be wondering what questions to ask a Realtor® when buying a house. I am a Real Estate Agent with Oak Springs Realty in the Triangle area of North Carolina with close to 10 years of experience in Real Estate. I’m going to share seven questions to ask a Realtor® when buying a house whether for the first time or the last time.

Questions To Ask a Realtor® When Looking At a House

Here are a couple of questions to ask a Realtor® when looking at a house on a tour.

Would you buy this house?

You might not think to ask this simple question, but it can give you valuable insight. If your Real Estate Agent takes pause or gives you indication that they aren’t as excited about a house as you are, there is probably a good reason.

Whether it has to do with the neighborhood, elements of the home itself, or something else, a realtor has seen hundreds of houses and knows what should cause concern. Trust your agent to have your best interest in mind.

Do you see any problem areas in this house or the neighborhood?

When touring a house on the market, it’s always good to be upfront and ask this question. You may not know what to look for in a home that could be cause for concern, but your Realtor® will. Ask them if they’ve noticed anything that could be a problem now or in the future to evaluate whether a home is worth the risk.

General Questions To Ask a Realtor® When Buying a House

Here are a few general questions that are always good to ask your Realtor® during the home buying process.

Can you explain the ownership history of this home and how that could affect an offer?

This question is important to ask because you should always consider the ownership history of a home you are thinking about buying. The ownership history shows the property’s previous sale listings and prices it was bought at in the past. 

This can show you if there was ever an expired listing, if it was ever leased, or owned by the bank at one time. This historic data could show if it has been a struggle to sell the home, giving you the chance to make a better deal with the seller. 

What contingencies are worth negotiating?

Contingencies are clauses that enable the buyer or seller to walk away from a contract on a house. Some common contingencies are a home inspection, appraisal, and the buyer getting approved for a mortgage. Your Real Estate Agent will be able to walk you through what contingencies could be smart to include and which can be skipped.

Can you recommend a home inspector, appraiser, or attorney?

Your Real Estate Agent should have a network of local Real Estate experts in your area, including trusted home inspectors, appraisers, and attorneys to work with during the home buying process. Asking this question can give buyers the confidence that the home inspector, appraiser, or real estate attorney is trusted by the agent from prior work experience.

First-Time Home Buyer Questions To Ask a Realtor®

As a first-time home buyer, you don’t know what you don’t know. Work with your Realtor® to learn more about the home buying process before jumping straight into it

How much should I expect the closing costs to be when I purchase a home?

Closing costs are something that should be accounted for throughout your home buying process. Many people just think about the downpayment, but the closing costs can add up. They can constitute as much as 5% of the purchase price of a home. In North Carolina, the typical closing costs range is between 2% and 5% of the purchase price. 

For example, if the home price was $350,000, you could expect to pay something between $7,000 and $17,500 in closing costs. Your Realtor® will be able to help you determine the closing costs for homes you are interested in.

What expenses should I expect to have after buying a home?

Homes don’t have a set price tag like a pair of shoes in a retail store. There are many other costs besides the downpayment that are associated with buying a home, such as HOA fees, mortgage insurance, homeowner’s insurance, property taxes, repairs –– the list goes on.

Don’t be discouraged, though, by asking your Real Estate Agent this question you can start to get a better idea of what the total costs may be. 

What is the resale value history in this neighborhood and is it projected to change?

If you are a first-time home buyer, you may not plan on living in your first home forever. That’s why this is a first-time home buyer question to ask a Realtor®. Knowing what the resale value is like in the area will help you to determine if you could turn around and sell the home a number of years down the road when you want to upgrade and turn a profit.

There are plenty of other questions to ask a Realtor® when buying a home that you will think of when the time comes, but I hope these seven helped get you started. 

Oak Springs Realty Makes Home Buying Simple

If you are interested in relocating to Raleigh, Durham, Cary, Wake Forest, or the surrounding areas, work with Oak Springs Realty. Raleigh is a great place to live for people of all ages and the housing market is fair.

Work with me, Lily Yu, to find and buy your ideal home in the Triangle area and experience the difference a professional Realtor® can make. I can help you make the best decisions during this process and answer any questions along the way.

Schedule a free consultation with me today.