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What to Do After Attending an Open House

You just attended an open house. Now what? Here are a list of things we think are important to think about before you make your decision:

If You Loved The Home:

  • Determine your best offer – Work with your real estate agent to identify your initial bid, look up the home’s history, and factor in needed repairs.
  • Wait and be patient – As soon as your agent hears something, you’ll be the fist to know.
  • Don’t ignore your budget – It’s better to hold out for a home you can afford than to go broke over a rushed decision.
  • Remember the inspection – If the sellers refuse to address major problems, you might need to walk away.

If You’re Not Sure:

  • Sleep on it – If you are not 100% sure, get a good night’s rest and see how you feel in the morning.
  • Know your deal-breakers – Which features match up on your list? Which don’t?
  • Go back for a personal tour – Take a second to look with your agent, and bring a friend who can bring a fresh perspective and honest opinion.
  • Consider your lifestyle – When you imagine yourself living in the home, is it still a good fit?
  • Think about add-ons – Does the home need any updates or repairs? What will maintenance entail? Consider all the extras to see if the home still feels like a good deal.
  • Revisit at a different time of the day – Make sure the property and the neighborhood suits you at all times around the clock.
  • Trust your gut – If your inner voice of reason is chattering away, try to figure out what it’s telling you.

If You Did Not Like the Home:

  • Identify the issues you did not like – Remember them when you visit new listings.
  • Broaden your horizons – Expand your search into areas or features you haven’t yet considered.
  • Don’t settle – There’s a big difference between making a few small compromises and making a big mistake you’ll have to live with for years.


Source: Zillow

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