What you should ask your Property Practitioner
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What you should ask your Property Practitioner
When enlisting the services of a property practitioner, either as a purchaser, or as a potential seller considering placing your property on the market, there are certain things that need to be established in order to provide you with the confidence that is necessary, for you to employ an property practitioner who will serve you in a comprehensive and professional manner.
A professional property practitioner will first and foremost, assure you that they understand the magnitude of the decisions that you will be making, and will as such handle the sale or purchase of your property asset, with the utmost care and attention.
If you are a buyer, the questions that you ask, will most likely be centered on the property that you are interested in, as well as the surrounding neighborhood and suburb.
A competent and experienced property practitioner will be active in the area and will have knowledge concerning new developments, social demographics, property sales, and amenities such as schools, shopping, and infrastructure of the surrounds, and will be in a position to answer any questions that you have in these regards.
As a buyer, you should also enquire with the property practitioner, as to how the marketing price was arrived at, and how it compares to the prices of recent sales of similar properties in the vicinity. When showing an interest in a specific property, the estate agent should be in a position to answer any questions you may have regarding the condition of the property, as well as items that are included and excluded in the purchase.
The costs of your purchase are also very important to establish from the property practitioner, such as transfer and conveyancing costs, as well as on going costs, such as rates, levies and homeowner's association costs.
As a prospective seller, looking to recruit a property practitioner to take responsibility for the marketing of your property, the question that you will need to ask will be somewhat different, and not least of these, is to ask the property practitioner to provide some detail around the marketing price and their recommendation.
Author: Andre Blignault
