So many questions when you’re looking to buy and sell a home, but there are many that should NEVER be asked…
These are 6 questions a Realtor should never answer and why:
1. Should I buy this house as an LLC, a trust, or an individual?
We are not attorneys or CPAs and should not speak beyond our area of expertise and licensure.
It’s important to contact either one of these in order to get the best and most accurate response that would benefit you in your purchase.
2. What is the racial makeup of this area?
Can you say “discrimination”?
Racial discrimination is illegal and Fair Housing says it’s a protected class:
The Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities. Additional protections apply to federally-assisted housing.
Who Is Protected?
The Fair Housing Act prohibits discrimination in housing because of:
3. Are there a lot of families in this area?
Believe it or not, this is a Fair Housing violation. Cannot discriminate based on familial status. See #2
4. What do you think I qualify for?
Again, we are not lenders and not able to speak beyond our area of expertise or licensure.
We work with some great lenders we highly recommend, but we should never be giving numbers of what a buyer may or may not be pre-approved for. This is usually done by the lenders after having received paystubs, income, taxes, social security numbers and several sensitive documents and information that a real estate agent never needs to see.
5. How is the crime rate here?
It’s illegal for us to discuss crime rates but you can have access to it through public records.
You can also a site for viewing registered sexual offenders: Florida’s Sexual Offenders and Predator Search
6. What are the taxes going to be for me in this house?
We cannot guarantee a tax rate because the current taxes on a house are based on the longevity of ownership and whether or not it was homesteaded. If a property is homesteaded it means the owners used the home as their primary residence.
In Florida, we receive a Homestead Exemption which allows for primary residents to receive a substantial discount on their assessed value, lowering their taxes.
There are so many factors that play into the assessed value of a home. New home ownership will trigger a reassessment for the new owners which can slightly or drastically change the current tax amount paid by past owners.
We’ve seen buyers rely on the taxes the previous owners paid as what there’s would be only to see it double the next year. A real estate agent cannot properly assess what a home’s taxes will be. If you want more information, you can contact the county property appraiser.
For more questions on the market information in Orlando, Oviedo or surrounding areas, contact us at 407.801.9914.
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