Dealing Real Estate Agents
Some Things To Ask Your Real Estate Agent
- Recent sales in the area?
- Are there any heritage orders for the home?
- What is the likely rental return?
- What are the current annual council rate?
- Are there any approved plans for renovations or alterations to the property? To a neighbouring property?
- Have any building or pest inspections been undertaken recently?
- Are there any reports that detail the state of the plumbing and wiring?
- What is the vendor’s desired settlement period? How flexible are they?
- Can you confirm that the council has approved additions or changes?
- Does the agent receive any commissions from conveyancers or lawyers?
- What is the floor space ratio (allowable ratio of building area to total land area)?
- How much of the floor space is currently used?
- Is the unit a company title and if so, can I rent it out?
- Is the building fire rated for safety?
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