Buying a property in Abeokuta is not an easy task. There are several factors to be considered and several risks involved when obtaining a property. To avoid these risks, it is important that one makes findings about the property they are interested in. And who is better suited to answer such questions than the real estate agent in charge of the property?
This article highlights some important questions you need to ask your real estate agent before buying a property in Abeokuta.
5 Questions To Ask When Buying a Property in Abeokuta
1. Where is the property located?
This can be said to be the most important question to ask when buying a property in Abeokuta. You need to inquire about the property’s location so that you can consider other relevant factors. For instance, you will need to know if the property is located in a noisy environment, a rural area, or an area that is poorly linked to transport systems.
It is not uncommon for real estate agents to question one’s intention to buy properties when such a question is raised. Therefore, it is advised that you should explain why you are making such inquiries about the property. Do not forget to carry out your own research about the area in which the property is located and the proximity of basic amenities to the area.
2. How accessible is the property?
This flows from the question above. A good property is easily accessible. This means that it is linked to good roads and an adequate transport system. A property located deep in a riverine area cannot be said to be good property for you if your mode of transportation is a car because there are no roads linking to it. Thus, accessibility is an important question to ask the real estate agent when buying a property in Abeokuta.
3. What does the property worth in the market?
This question is important so that you will know the value of a property and not overpay. You should ask the real estate agent what it is worth and why it is worth so much. The agent should give you reasons why the property is placed at such value. In Abeokuta, property value is based on the location, house type, and layout, proximity to amenities, and good transport system as well as others. You must do your research about the property’s worth in the area on your own so that you do not overpay.
4. What is the minimum asking price?
You should ask for the minimum asking price of a property as it can help you save some costs. Professional real estate agents will give you a price range if they don’t give you a certain number. This is because they want to make a sale even if it is not at their originally desired price. So make your intentions about a negotiation known and you might end up making a good purchase.
5. How much is the total expense?
Here is another vital question to ask when buying a property in Abeokuta. You should ask the real estate agent if there are any hidden charges involved with the purchase before making a payment. This question is necessary so you don’t overspend due to hidden charges. When buying a property in Abeokuta, hidden charges are not uncommon and they may be in development, survey fees, or even maintenance charges. So, make sure you know about all charges before making a payment.
If it’s possible, all charges should be listed in a document that you and the owner of the property should sign. If the owner cannot agree to this condition or cannot provide documents of the property, you should not make a deal or a purchase from that owner. Make sure to ask for the necessary documents which should include –
- Certificate of ownership
- Deed of assignment
- Excision and gazette
- Survey plan and others.
There are a lot of untrusted agents in the market today who try to sell undesirable real estate. If you are seeking to purchase a trusted and well-documented property in Abeokuta, ensure to review the properties and deeds and check out Rush Homes.
Wrapping Up
Even though this article started by stating how difficult buying a property in Abeokuta can be, it can also be an easy task if you go through the proper channels to make your purchase. Asking the questions listed in this article will help you have all the necessary information about the property and not make a purchase you’d regret.
