Top Questions to ask your Real Estate agent BEFORE writing an offer
First and foremost, avoid falling in love with the home. Before you’re able to gather key details that will help you access the true value of a home or condominium in the Naples area. Since our temperatures run so much warmer much of the year things can tend to require replacement more frequently. 8 Questions to Ask Your Agent before making an offer to buy a home. Additionally, the details that follow will help you make an educated decision on price.
How Much did the Owners Pay for the home?
This will certainly help you determine what kind of cushion they have to work with and or how much they are going to gain or lose in the sale
How Much do the Owe on the Home?
This is a matter of doing some quick and easy research in public records. Your REALTOR (R) should be able to supply you with that information.
How Much have Comparable Homes Sold for in the Area?
Going back 6-12 months should give you a good indication as to where the market has been. A detailed CMA Comparative Market Analysis. Glenna Froelich with Premiere Plus Realty provides her buyers with this valuable report. It’s a FREE service she provides as part of the process.
What Other Homes Currently on the Market are a Fair Comparison?
This is an obvious one but none less will give you a good idea of how the home you are considering sizes up to the competition in the neighborhood you are considering to live.
How Many Days has the Home been on the Market (DOM)?
This can be a key indicator of how Motivated the Sellers may be to get out from underneath the property. Or if on the other hand it a new listing or less than 45 days old, it’s unlikely they are willing to take a substantially reduced offer
Have they had Any Offers?
Depending on the Listing agreement the sellers and or their agent may choose not to disclose that information. But it is always a good idea to ask the question.
Neighborhood Security, Crime?
Key Questions to the safety of your family of course include the crime. Here’s a great link where you can put in the exact address and get a report FREE. It’s one of many resources to check out.
Age of the Home, Roof, Appliances and A/C System.
Here’s in the greater Naples area Air Conditioning systems are challenged due to the heat in summer. My experience has seen systems go bad in well under 10 years. Many of the upscale communities in Naples not to exclude Lely Resort require concrete or barrel tile roofs that have a 20+ year life span. Appliances are another key consideration and upscale kitchens with the latest features can run $7,000-$10,000 to replace.