When I became a real estate agent, I was unprepared for the number of people that had unrealistic expectations for their new home. Instead of sticking with a budget and searching for a modest place, many of my clients stretched their limits, only to be disappointed with what they could really afford. Unfortunately, that reality check takes a lot of time, which can be frustrating to any agent. I want to teach people how to help out their real estate agent. In addition to making their job easier, it can also help you to find the right house sooner than you would otherwise.
If you are in the market for a new home, going to open houses and seeing what is out there is part of the game. It can feel competitive, especially if you are in a real estate market where affordable homes are few and far between. You need to know exactly what you are looking for and how to hopefully set yourself apart from other potential buyers. Here are five inquiries to make at an open house that can help you.
1. Find Out When Offers Should be Made
If a house just went on the market, sometimes there can be enough buzz that a Sunday open house can be expected to generate offers early the following week. If there has been little movement on a property and the house has been on the market for awhile, you can be more strategic with your offer price.
2. Inquire About the Owners
Ask about the owners. This can give you insight on how well loved the home was, why people are moving, and what they may have liked best about the home. All of these things can help you better assess a home and the area. If you write a cover letter with your offer, you can personalize this with the information that you have learned about the owners to make your offer stand out.
3. Ask About the Neighborhood
Finding out if there are amenities close by such as coffee shops or parks can help you learn a little bit more about a neighborhood if you're unfamiliar with it. The realtor should be ready to tell you about a few features nearby. If not, you can research yourself, but this may be an indicator that there isn't much around. That can be a factor to consider.
4. Ask to See the Seller's Disclosure
The seller's disclosure is a document that will not come with the public listing and will need to be provided by the realtor. This can give you clues on any maintenance issues or work that might need to be done on the home. If there are structural problems that you know that you aren't willing to take on, you can save yourself the time and effort of putting in an offer.
Most of the concrete information on the home will be included in the listing, but there are nuances and details that you can only find out in person. Make sure that you are getting the most out of your open house visits and are being efficient. Asking the right questions now might lead to accepted offers down the line. For more help buying your future home, talk to companies like The Today Team.Share
3 April 2015