In a competitive market where homes can fly off the market in a week or less, it’s essential that buyers come to the table prepared. Here’s a list of steps every home buyer should consider in their search.
When you speak to an agent at an open house, call an agent for more information about a house, or ask an agent to show you a home, you might be opening a can of worms for yourself if you don't intend to buy a home through any of these agents. Don't make the mistake of leading an agent on, even unintentionally, because it can come back to bite you.
The real estate agent and brokerage who have a home listed for sale represent the seller and that person's best interests. The listing agent is contractually obligated to report to the seller all activity & material facts they learn about the local market and potential buyers.
When you visit a public open house and an agent asks you to sign the "sign-in sheet" what should you say? What should you write down? What are the rules for who can represent you if you decide that the Open House is, in fact, your future Dream House?
Many times the agent holding the open house states the seller is requiring a list of everyone who walked through the house as a measurement of interest and to get feedback on the price and condition of the property. Some agents state that their company policy, brokerage and/or seller require the list of visitors for security reasons in case something ends up missing from the house.
While these are legitimate reasons, if you have ever provided your real contact information at an open house, you have probably experienced being contacted for something other than the explained reason. Most likely you were solicited to see if you wanted an agent to show you a different house or if you needed pre-approved for a mortgage.
Never miss the perfect home again!
Here are a few quick ALERT tips that can make your home search much more intuitive. All you have to do is login to HomeScout and the red arrows highlighted in the images below will help you unlock these powerful features. Make sure to refine and save your Search Criteria and then turn on New Listing and Open House Email Alerts so you don't miss out when properties become available.
Can you schedule a showing for a home in Pending status? Does the Under Contract status mean that there is a chance the current offer on a home may fall through? Will the seller consider a back up offer from you in the case that the current buyer is unable to sell their current home soon? These are all fantastic questions and each property status requires these questions to be addressed in different possible ways.