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Lake Properties is a Cape Town real estate agency based in Wynberg, serving the Southern Suburbs including Claremont, Constantia, Rondebosch, Plumstead, Kenilworth, Lansdowne, Athlone, Bergvliet, Diep River, Grassy Park, Steenberg, Retreat, and surrounding areas. We specialise in the sale and rental of residential and commercial properties, vacant land, and small businesses such as cafés, supermarkets, and service stations. Our team offers free property valuations, tenant placement for landlords, and honest, professional guidance for buyers and sellers alike. Our principal is completing the NC Real Estate Level 5 qualification, reflecting our ongoing commitment to professional standards in the industry. Read more about Cape Town property topics on our blog, or visit lakeproperties.co.za to view current listings.

Thursday, 31 October 2024

What questions I need to ask my Estate agent before I buy a house

Here are essential questions to ask your estate agent when buying a house:

Property Details

Condition: "What is the current condition of the property? Any recent repairs or renovations?"

Age: "How old is the property?"

Ownership History: "How long has the current owner lived here, and why are they selling?"

Included Items: "What items or appliances are included in the sale?"


Price and Value

Listing Duration: "How long has this property been on the market?"

Pricing: "Has the price changed since listing?"

Offers: "Have there been any other offers?"


Neighborhood & Location

Community Details: "What are the local schools, amenities, and public transport options?"

Crime Rate: "What's the crime rate in this area?"

Future Developments: "Are there any planned developments nearby?"


Legal & Financial

Property Title: "Are there any legal issues or disputes over the property title?"

Council Tax: "What is the council tax band for this property?"

Utilities: "What are the average utility costs here?"


Structural & Maintenance

Inspection Reports: "Are there any recent inspection or survey reports available?"

Major Repairs: "Any history of major repairs or structural issues?"

Maintenance Costs: "What are the estimated maintenance costs for this property?"


Final Steps

Closing Process: "What are the next steps after the offer is accepted?"

Negotiation: "Is there any room for negotiation on the price or closing terms?"

Contingencies: "What contingencies do you recommend adding to the offer?"


Having a checklist of these questions will help ensure you make an informed decision.

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