10 things about residential real estate you should know but might not…
Alabama is a caveat emptor state- meaning buyer beware. Seller disclosure is not a requirement except for known health and safety hazards. But all direct inquiries must be answered truthfully and promptly.
All property listed in the MLS has the buyer and selling agent commission included.
Calling the agent on the sign will not get you a better price, he or she will get both sides of the sale while contractually obligated to the seller.
Having a buyer agent will cost you nothing, except in the rare case of a, for sale by owner. Commission must be negotiated in that case.
If the MLS listing data includes an appliance that is not spelled out in the sales agreement you may not receive it, and the seller may be right to keep it. Trust me I have purchased a refrigerator for a buyer client that erased the majority of my commission.
As a buyer, being pre-approved in a seller’s market is important to making your offer more valuable to the seller. It also prevents you from searching in a price range that is out of reach. Wasted time and heartache can be avoided.
Just because the listing photos appear to be vacant, that is not always the case and never gives you the right to enter the property.
If your “agent” offers you the code to enter the property alone, he or she is in violation of license law.