Some may think that there is nothing to showing homes or condos. Let me take a minute to let all home buyers know what a Realtor does when they are working for you and what you need to do when you are working with a Realtor.
First thing that your Realtor will ask you to do is to meet with a Lender and get PreApproved for a loan.
Yes, I know you don’t even know what house you’re buying yet. But, if you think about it, you don’t really know how much you can afford to buy without first speaking with a Lender. You can guess but it’s important to find out from the Lender what the bank will loan you before you fall in love with a house you can’t buy. And your Realtor doesn’t know which homes you can actually afford until you get PreApproved.
Depending on the type of loan you are getting as a home buyer there may be some houses you cannot buy at all so this is another very good reason why you need to get PreApproved before you start looking at homes for sale.
This is a good opportunity to let you know that if you are buying a condo you will qualify for less money than if you purchase a house. The reason for this is due to the homeowner dues that you will incur if you purchase a condo. The other reason that Lenders will qualify you for less is taking into consideration any assessments that may come down the pike after your purchase a condo. So, don’t assume because the Lender approved you for $300,000 for a house that you can also buy a condo for $300,000.
Sometimes home buyers don’t realize as a Realtor we must call to make appointments to show you homes and condos. It’s important that you give your real estate agent at least 24 hours notice so that the appointments can be made. There may be some homes for sale that require more notice.
In order for the Realtor to do a good job for you, you need to give at least a minimum of 24 hours notice to your Realtor so that proper arrangements can be made.
When I speak of arrangements it not only means that the Realtor must make sure their calendar is clear to spend valuable time with you but your Realtor will want to preview the properties that you have chosen as your top picks, if at all possible. Previewing properties for home buyers depends of course on the real estate market. If homes are flying off the shelf, this is not possible.
Home Sellers need to be called and given 24 hour notice so that they have time to prepare their home for you to see. Remember, they are living in the house and need to pick up a bit before your arrival. Your Realtor will call each seller and let them know what day and time their property will be shown. You can understand would you want someone just showing up at your door to see your apartment or house without calling first?
Sometimes, there are time restrictions as to when Sellers will allow the property to be shown or codes for gates etc. that must be obtained prior to showing. It is just common courtesy to give enough time for everyone to prepare for you and in the end will make for a good day for you finding just the right house or condo. Always important of course, to be prompt for your appointments.
The next important point is to limit your choices of what you want to see. Twenty nine homes or condos to see in one day or in a few hours is impossible. Believe me when I say, you won’t remember any of the homes unless you limit the amount to a reasonable few. Then, you can selectively make decisions based upon the homes you saw and it will make for not only smarter choices but an all around better day for all.
In order to make sure that you properly see and spend the time investigating a condo or home, you need to restrict yourself to no more than 3-5 homes per day. If it is a condo, less is better since you should investigate the facility and all that it has to offer which takes up additional time. A bonus tip I offer my home buyers is the MLS printout of the homes we will see where there is space to write down what you liked and didn’t like about the house you just saw. This will help later when you are viewing your notes, making a decision on which house will work best for you.
Remember, this is a large investment for you, and your Realtor wants to make sure that it is not done in a hurry but that you have enough time to view all aspects of the property so that you can make a good decision.
I hope this helps both home buyers and Realtors to work together in a timely fashion while making sure to give the proper respect and notification to home sellers. Remember, someday you too, will be a home seller. In the meantime, enjoy your search and I hope you find just the right house or condo.