As a Buyer, you are looking to purchase a property and get a great deal.  In today’s market, there will be bank-owned properties, short sales, and fair market sales.  For a fair market sale, following are some questions that you should ask:

  • How long has the Seller owned the property?
  • Why is the Seller looking to sell this property?
  • Does the Seller own other properties?
  • Have there been any offers yet?
  • How flexible is the price?
  • Is the Seller willing to negotiate on the price and terms?
  • How long has the property been on the market?
  • Is the Seller willing to make any repairs if needed?
  • Will the Seller pay for closing costs?