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3 Things Every Home Buyer Should Ask Their REALTOR®

Louisiana REALTORS® • January 25, 2024

When it comes to buying a home, you’ll have a lot of questions. How many bedrooms? How’s the commute? Are the schools good? They go on and on, and they should. Buying a house is a big commitment that requires a big decision. Luckily you have a REALTOR® to help you find the answers to these questions and make the best decision for you and your family. However, there are a few questions that may not be on your list but should be. Here are three questions every homebuyer should ask their REALTOR®.


What is the Sales History of the Home?

Understanding the price and value of a home is a key trait of any real estate professional. If a home has struggled to sell and remained on the market, you could make a nice deal. If home prices in that area have consistently increased over the years, you could be in store for a sound investment. 


Which Contingencies are Worth Getting? Which Aren’t?

Of course, we each have our tastes and preferences when it comes to style and other amenities. However, knowing when to push for something and when to let it go can save you a lot of time and money in the home-buying process. Your REALTOR®, with your best interest in mind, can guide you in deciding on what you should and shouldn’t demand from the seller.


What’s Going on in the Area?

Your REALTOR® should know all there is to know about your prospective new neighborhood. A big part of this is being aware of any upcoming HOA assessments. These assessments will influence your monthly expenses, so knowing what to expect can be a big help. It’s also important to know about any new amenities that are in the works like nearby retail, parks, pools, infrastructure, and more. Understanding what’s going on, and what is expected to occur in your new neck of the woods is very important.

HOME BUYER RESOURCES
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As previewed last week, NAR is pleased to share the latest consumer guide focused on homeowners associations (HOAs). This guide covers the basics of what prospective buyers need to know, including who runs HOAs, how monthly fees are applied, rules HOAs enforce, and the pros and cons of living in an HOA community. For additional information, we encourage you to check out this REALTOR® Magazine article on the nuances of how homeowners associations can affect real estate transactions. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Homeowners Associations Marketing Your Home Seller Disclosures Property Taxes Preparing for Homeownership Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover navigating multiple offers.
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As previewed last week, NAR is pleased to share the latest consumer guide focused on marketing a home. This guide covers several methods for sellers to consider, including setting up showings, hosting open houses, and maximizing the visual appeal of a home through staging and/or cosmetic updates. As a reminder, all guides in this series are available for download—in both English and Spanish—on facts.realtor . Please allow a few days for the Spanish version of the latest resource to be translated and uploaded. For ease of reference, below is a list of the most recent guides: NEW: Marketing Your Home Seller Disclosures Property Taxes Preparing for Homeownership Escrow and Earnest Money Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their homebuying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. Be on the lookout for next week’s guide on Wednesday, which will cover homeowners associations.
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