Sunday is the day! It’s the day to get out to open houses and find you dream home, and we suggest 2236 Emerson Lane in Carrollton, Texas. This year’s spring real estate market is happening and inventory is low when you think of buyer demand versus how many homes are on the market.
This makes open house shopping even more important in home search, so we’ve added some buyer open house to our open house invite to give the edge over the buyers that you’re competing with as you explore possible homes.
Open House Details
When: Sunday March 4th 2:00-4:00 p.m.
Where: 2236 Emerson Lane, Carrollton Texas 75010
Getting the most out of your open house tour is easy if you follow these helpful tips.
Narrow Your Search When Planning
If you’re scouring listings on your iPad while drinking your Sunday coffee, the sheer volume of open houses will probably overwhelm you. Don’t let it.
Simply focus on the neighborhood where you think you want to buy. Looking in different areas? Try searching one area at a time, this will give you a chance to know it better. See what you can get for the money there.
Don’t get distracted or pulled in all kinds of directions. Start with what you know. It will help you lay the groundwork for a successful house hunt.
Know Your Price Range
This tip will help you narrow down the price range to look in, and set a realistic expectation about what homes to view and reasonably put an offer on. Let’s say, you’ve been pre-approved to buy a home in the $350,000 range, you’re wasting your time looking at $750,000 properties. But it makes sense to look upward to the $400,000 range as well as down at $275,000.
Knowing what you can get above and below your target range will be informative. If you know that for $50,000 less you would be on a busier street, then you’ll appreciate the older home for $350,000 on a cul-de-sac. Or you might see a home that costs $50,000 more than your $350,000 target, but it has a newly renovated kitchen or bath. You still can’t afford it, but if you want to live in that same neighborhood, you might realize you’ll have to settle for a home that needs some renovation.
Watch Other People
You may be a serious buyer, but you’re new to the market and haven’t seen enough to know how to react to a particular home, its price or how it shows. Chances are, there are more experienced buyers at the open house who do know. They can tell right off the bat if the home is overpriced, underpriced or something else.
Are people walking in and walking out without much consideration? Not a good sign. Are buyers hovering around the agent asking all kinds of questions about the home? Chances are, it’s a new listing and priced well. Prospective buyers aren’t going to waste their time hanging around a listing, checking out the closet space, garage, and the backyard, if they feel the price isn’t realistic.
By the way: While you’re checking out who’s at the open house, a good agent is doing the same thing. He or she will watch people coming through the door to help gauge the market’s response to the home.
Learn From The Showing Agent
The agent at an open house may be the agent who represents the seller or another agent standing in for the listing agent. They may be trying to meet new buyers. Either way, this person works is in the market and likely knows a lot about the house or the neighborhood.
te, you don’t have to introduce yourself to the agent or even mention that you’re just getting started in the market. You also shouldn’t be forced to provide contact information. If you don’t wish to give it out, just provide your name and politely decline to offer further details.
You Can Use Your Realtor’s Cards
When you work exclusively with one agent, you should get a stack of their business cards at one of your first meetings together. When you meet any of the agent’s hosting an open house, you can then present your Realtor’s card to that agent so they know you have an agent and who to contact with answers to your follow up questions.
It saves time for the both of you and allows the agent to spend their time with you most effectively, talking about the home, instead of relationship-building which is done when he or she wants to have you a client.
Considering Realtors work on commission and this hot spring market, neither of you have any time to waste with unnecessary chit-chat.
Remember to follow up with your Realtor after viewing the homes on your open house tour and don’t hesitate to get the ball rolling the second you find ‘the one’ so you increase your chance of being the buyer who’s contract gets accepted.