When it comes to a buyer. Every single one of them is different. They are different in terms of their needs and their budget. While some may be forthcoming with information that will help a real estate agent finds the perfect home, there are other times where they will have to do some digging for key information that could make or break a deal on a home. By looking at the following, these are the top questions to consider before selling a property.
What are your plans for the property?
This is an important factor to consider when showing each property. If they were to purchase, what plans would they have for it given the current condition? Depending on their answer, the changes could either benefit or hinder the buyers. The purpose of buying a new home/property is so that it can service them better than the previous area, and it is the real estate agents’ job to find that good fit for them.
If it is a business, what parts will be updated?
Specific to selling a business property, it is important to know what will be updated/changed because this could affect the negotiations in a deal closing. Knowing this information up front will be a great benefit for both parties, so that everyone will understand how the property may be alternated for future use. This is especially important for someone that might be buying the business outright because there are more legal matters involved.
Why are you buying now?
This answer gives the agent a better understanding of the buyer’s thought process for buying in the first place. For instance, if the buyer is looking to start a family, then the agent will most likely need to show homes that have more bedrooms than the previous needs. It is those types of situations that will bring the situation closer to a deal.
What is your budget?
Budget is a huge deal when it comes to selling property. This is the number one question to ask so that both parties are not wasting their time on potential places that are out of reach. Knowing the budget will help to narrow the search and give a realistic perspective on what the buyer can get with their money.
Are you working with a lender?
This is an important piece to add into questions about budget. Different types of lenders or loans associated with buying a home could impact the initial deal. For instance, if a great deal of money needs to be borrowed, this may make the purchase riskier and more untrustworthy.
What deal breakers are on your list?
It is crucial to know why someone will say no to a particular property. For instance, if someone owns multiple vehicles, the buyer may not say yes to a home that does not have a garage or set parking places. These types of needs must be considered before showing a home.
How many homes have you already looked at?
The agent needs to know how long you have been in the middle of the buying process. He will be able to better assess why those homes were not a match and can make sure not to show the same home twice. If someone happens to just be starting out, the agent may then supply more information to those who have not experienced purchasing a home before.
How long are you looking to live in the area?
This question will better assess the type of investment someone is willing to make on the home. If a buyer happens to travel consistently, they may not want a home that needs to have renovations considered. This person may also have a lower budget because of how long he/she will be staying in the area.
What is the best way to contact you?
New listings come as fast as they go. By knowing the best way to reach the client, more effective communication may be established. This will lead to a faster deal and ability to move into the home faster.
What is your ideal neighborhood?
This question will give the agent the ability to start looking at properties/homes that are located in either that neighborhood or one similar that will cater to those needs. It will create more of a narrowed search, giving the buyer more of what he/she wants up front.