3 Important Questions to Ask Before Buying a Property in Guam

1. 3 Important Questions to Ask Before Buying a Property in Guam Guam is a hot property buying destination, thanks to the booming real estate sector. However, buying a property is easier said than done. This is the reason why you need to consider a number of factors before you get in touch with a Guam Realtor. There are a lot of things that the property dealer may not tell you right away. No matter how perfect a property looks, it is extremely important to check some of the important questions that you need to ask before closing the deal. So, in this blog, we discuss some the important questions that you need to ask when buying a property in Guam. What is the Offering Price of the Property? Many property buyers compare prices of some of the similar properties to decide whether they need to accept the offer. However, many property buyers are unaware of the fact that the offer price has very little to do with actual value of the property. This is the reason why you need to know how much amount the seller needs to pay for the property. Knowing the actual amount will help you determine whether the market value has gone up in the last few years. In addition, you also need to find out the rate of the similar property in the area that you have shortlisted. How Many Offers has the Property Received? This is another important question that you need to ask the seller. While some properties get a lot of offers others are in less demand. If the property has received a lot of offers, you need to quote a higher price than some other property that is not in demand. However, if you have the budget, don’t shy away from a property that has received multiple offers. If you are lucky enough, you may end up buying the property even after submitting the last offer. How is the Condition of the Property? Before signing on the dotted line, you need to consider the condition of the property you plan to buy. Check whether the property has a raised foundation so that you can easily reach the plumbing and electrical fittings. In addition to this, check if the roof is too old. Pay attention to

2. the maintenance of the roofs as the seller may need to make some repairs before closing the deal. Last Few Words In addition to the points mentioned above, you also need to ask about the location of the property, the type of neighbourhood where the property is located and a number of important points. Asking these questions to a Guam realtor will ensure that you are investing your money in the right place.