CHAPTER 6
Research a Serious Possibility
Investigate the property, neighborhood, costs and available records before deciding whether to make an offer.

Meet Your Advisor
Step 1 of 5
Lesson
Detailed Research Comes After Serious Interest
Real estate changes quickly. Your agent or broker should perform an initial review before a showing, but it is not practical to spend hours conducting a complete analysis of every home you might visit—only to learn in ten minutes that the layout or location does not work.
Once you identify a genuine possibility, give your agent or broker a reasonable amount of time to gather and review additional information, which may include:
- Recent comparable sales
- Listing and price history
- Available seller disclosures
- Property-tax and public-record information
- Available permit history
- HOA, condominium or CDD information
- Flood-zone information
- Known special assessments
- Included and excluded items
- Questions for the listing agent or broker
Some matters require an inspector, lender, insurance professional, title company, surveyor, association or attorney. In a competitive market, the review may need to happen quickly. Your agent should communicate what has been confirmed and what remains uncertain.
First decide whether the home is a genuine possibility. Then determine what it may be worth and what concerns should affect your offer.
Reality Check
Reality Check: Research Follows Genuine Interest
Real estate changes quickly. Your agent or broker generally will not spend hours completing a full analysis before you determine whether the home’s location, layout and basic condition work for you. Once you identify a serious possibility, allow reasonable time to gather comparable sales, disclosures and other information before deciding on the offer.
Chapter Quiz
Answer all four questions. You must score at least 75% to pass.
Question 1 of 4
Quiz Results
Answer all four questions. You must score at least 75% to pass.
Answer all four questions. You must score at least 75% to pass.
