Ignite FB Tracking PixelFactors to Consider Before You Attend an Open House - Susanne Rae Lopez, Esq
Factors to Consider Before You Attend an Open House

by Susanne Rae Lopez, Esq 01/20/2019

Looking to buy a house? Ultimately, you'll want to attend at least a few open houses in your city or town. By doing so, you'll be able to understand exactly what you'd like to find in your dream house.

Before you attend an open house, there are several factors to consider, and these include:

1. Your Homebuying Budget

With a budget in hand, you can narrow your search for the ideal home. That way, you can avoid the temptation to attend open houses for residences that fall outside your price range.

To establish a homebuying budget, take a look at your current financial situation. Then, consider your future expenses like those related to student loans or children and plan accordingly.

In addition, it never hurts to get pre-approved for a home loan. If you gain pre-approval, you can enter the housing market with a budget in hand and review a broad array of houses that match your budget.

2. Your Homebuying Checklist

If you're living to a warm-weather climate, you may want to own a home with a swimming pool. Or, if you plan to reside near the ocean, you may consider houses where you can dock your boat nearby.

Create a homebuying checklist before you visit open houses. This will allow you to streamline your home search and accelerate the homebuying journey.

Also, it may help to separate your homebuying checklist into "wants" and "must-haves." Although your dream house may not include all of your homebuying checklist "wants," you can use these categories to determine exactly what you'd like to find in your ideal residence.

3. Your Homebuying Timeline

Are you planning to move next week or in the next several weeks? Some homebuying journeys are faster than others, and you'll want to map out your property buying journey based on when you need to move.

For example, if you've accepted a new job in the city, you may need to move quickly to relocate. This may require you to act so you can get settled in a new home before you begin your new job.

Comparatively, if you're in no rush to relocate, you can take a wait-and-see approach to the housing market. And if you attend an open house and like what you see, then you can submit an offer to acquire a residence.

If you're unsure about how to approach open houses, there is no need to worry. In fact, many real estate agents are available in cities and towns nationwide to assist homebuyers.

A real estate agent can offer expert insights into a home before a homebuyer attends an open house. Plus, this housing market professional can provide honest, unbiased homebuying recommendations and will even negotiate with a home seller on a buyer's behalf.

Get ready for an open house – consider the aforementioned factors, and a homebuyer should have no trouble exploring a broad array of residences and finding one that he or she can enjoy for years to come.

About the Author

Author
Susanne Rae Lopez, Esq

I am proud to be celebrating 24 years with Tarbell Realtors! I am an attorney as well as a real estate agent. I bring my legal background to the table every day in my professional capacity representing buyers and sellers. As a listing agent, my extensive marketing plan gives a homeowner the opportunity to get the maximum value for his/her property. I utilize all of my marketing capabilities, derived from my 24 years with Tarbell Realtors. I know what it takes to get your house sold. And representing buyers and sellers in the purchase and sale of their real estate is my passion. For buyers, I help negotiate the best possible deal and search until I find the perfect property. Nothing satisfies me more than seeing the smiles that come with a successful sale or the purchase of a lifetime. Once a home is in escrow, whether I am representing the buyer or the seller, my expert skills at facilitating the transaction is as valuable as the marketing. Selling and buying a home is a huge transaction. Making sure you have an agent that can represent you professionally and exceptionally is a huge decision. Thank you for choosing me as your Rancho Cucamonga area real estate professional. Do you have any specific questions about my real estate services? I can help you buy or sell your home with a comprehensive strategy designed for you. Susanne also provides services for Deer Creek, CA. To learn more, please contact Susanne.