What To Do When You Find Your Dream Home During An Open House

If you are in the process of buying a home, you have probably visited many open houses on the weekend. When you finally find a home you know is your dream home, what should you do? Follow these tips to ensure that you don't lose out on your potential new home.

Keep Calm And Act Normal

When you're excited about a home, it is easy to get wrapped up in the moment and make it known. You may want to think twice about making a scene, and act normally throughout your visit. Ask the realtor questions if you have them, and take brochures with you. Then get out of there.

You need to keep calm because the agent you met is working for the homeowner, and has their best interest in mind. If you are not working with an agent, you should not take the seller's agent up on an offer to work on your behalf. It is always best to get your own agent to handle the purchase of the home, as there will not be a conflict of interest. If you show interest to the realtor at the home, they may tip off other potential buyers that someone is very interested, which may lead to someone else buying the home first.

It is also best to not get other people excited about the home you are looking at. If you show extreme interest, and mention things like what a great deal the home is, it may cause others to quickly act on it as well. Ideally, you do not want to deal with multiple buyers, as it could cause you to overpay.

Act Quickly

Don't have your own real estate agent? Get one! If you do have your own realtor, call them and have them start researching the property. Find out if there have been previous offers, and how long it has been up for sale. This will help you determine what kind of offer you should make on the home.

They can also set up a follow up appointment to view the home again when there is not an open house going on, giving you more time to look at the home without the seller's agent looking over your shoulder. Your realtor can even have an offer letter ready to go if you decide it is the home you want to go with.

Following these tips will help give you a leg up on the competition when you find a home you love at an open house.


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