9 Navigating Open Houses: Tips to Make the Most of Your Visit
Open houses are a fantastic opportunity to get a feel for properties you’re interested in and to gather valuable information about the local real estate market. Whether you’re a serious buyer or just starting your property search, making the most of open house visits can save you time and help you make informed decisions. Here are some tips to help you navigate open houses like a pro.
1. Do Your Homework
Before attending an open house, it’s crucial to do some preliminary research:
- Check the listing online: Familiarise yourself with the property details, including price, size, and features.
- Research the neighbourhood: Look into local amenities, schools, and recent property sales in the area.
- Make a list of questions: Prepare questions about the property, its history, and the local market.
2. Arrive Prepared
Being prepared can help you make the most of your visit:
- Bring a notebook and pen: Take notes during your visit to help you remember key details.
- Wear appropriate footwear: You may be asked to remove your shoes, so wear slip-ons for convenience.
- Bring a tape measure: This can be handy for checking if your furniture will fit in certain spaces.
- Take a friend or family member: A second opinion can be valuable, and they might notice things you miss.
3. Make a Good First Impression
While you’re there to evaluate the property, remember that the agent is also evaluating you as a potential buyer:
- Be polite and introduce yourself: A good relationship with the agent can be beneficial if you decide to make an offer.
- Sign in: This is often required and helps the agent follow up with you later.
- Be respectful: Treat the property as if it were your own home.
4. Take Your Time
Don’t rush through the property. Take the time to thoroughly inspect each room and the exterior:
- Start with a quick walk-through: Get an overall feel for the layout and flow of the home.
- Then, go room by room: Pay attention to details like storage space, natural light, and the condition of fixtures and fittings.
- Check the exterior: Look at the condition of the roof, gutters, and garden. Note any potential maintenance issues.
- Don’t forget the neighbourhood: Take a walk or drive around the area to get a feel for the community.
6. Ask the Right Questions
Don’t be shy about asking questions. The agent is there to provide information:
- Why are the owners selling?: This can give you insight into potential negotiating points.
- How long has the property been on the market?: If it’s been listed for a while, there might be room for negotiation.
- Are there any known issues with the property?: Agents are required to disclose any significant defects they’re aware of.
- What are the body corporate fees?: If it’s an apartment or unit, this is an important ongoing cost to consider.
- Has the property undergone any recent renovations?: This can give you an idea of potential future costs.
7. Look Beyond the Staging
Many properties are staged for open homes to show them in their best light:
- Focus on the bones of the house: Look past the furniture and decor to assess the actual property.
- Check for any signs of issues: Look for things like water stains, cracks in walls, or uneven floors.
- Consider the layout: Think about how the space would work for your lifestyle and needs.
8. Take Notes and Photos
After visiting several properties, they can start to blur together:
- Write down your impressions: Note what you liked and didn’t like about each property.
- Take photos: Most agents allow this, but always ask for permission first.
- Record measurements: If you took any measurements, make sure to note them down.
9. Follow Up
After the open home:
- Review your notes: Compare this property to others you’ve seen.
- Research further: If you’re interested, look into getting a LIM report or building inspection.
- Contact the agent: If you have further questions or are interested in making an offer, don’t hesitate to reach out.
Open houses are a valuable tool in your property search. By being prepared, asking the right questions, and thoroughly inspecting the property, you can gather the information you need to make an informed decision. Remember, buying a property is a significant investment, so take your time and don’t feel pressured to make a decision on the spot.
If you’re serious about a property, consider visiting it more than once and at different times of day. This can give you a better idea of things like natural light, noise levels, and traffic in the area.
Lastly, while open houses are a great starting point, they’re not a substitute for professional advice. If you’re seriously considering a property, it’s wise to get a professional building inspection and seek legal advice before making an offer.
By following these tips, you’ll be well-equipped to make the most of your open house visits and find the property that’s right for you.
