
Purchasing a home is one of the most important steps we’ll take in our lives. As a first-time or inexperienced buyer, there are lots of things to navigate. Of course, working with a broker can remove a lot of the hassle from the process. In addition, in certain areas there may be additional financial incentives in place. For example, an apartment for sale in Queens, would benefit from New York City’s buyer rebate, which can save up to 75% of the fees you would normally expect to pay a broker.
One of the best ways to view a property is to go to an 'open house' viewing. It offers the opportunity to have a good look round, without being subjected to a 'hard sell.' However, there are several things you should look out for, so you approach them in a way that will help you make the right decision.
1. List what you want
Never go to an open house without first being clear about exactly what you require from your new home. Then carry out your viewing, mentally ticking off the features you're looking for – this will help prevent you from being influenced by great staging. If the home doesn't have all your 'must-haves', move on.
2. The size matters
Is the size and layout of the property what will work for your family and lifestyle? Consider how your furniture will work in the space? What alternations immediately spring to mind? Work out the likely cost after the viewing.
3. Storage
Is the amount of storage space right for your needs? Not just right now, but in the future? Yes, we all have ambitions to de-clutter when we move, but we also have a habit of re-cluttering! To deal with that, storage options are essential. Use this guide for a rough calculation.
4. Repairs
See what you can find out during the viewing, but never leave it at that. The house will have been dressed to look its best, so don't be afraid to have a good look into any areas that you seem to be disguised or hidden. And if you go ahead with the purchase, don't skimp in any inspection. Use defects as part of the negotiation.
5. Surroundings
Ensure you see the property during the day and after dark. Consider how the area changes. Look at the neighboring properties. Is there construction work that will impact the view? How much privacy does the home have?
6. Take your Time
There may be other potential buyers viewing the property at the same time as you. Don't let this pressure you into making a hasty decision for fear of losing your dream home. You may want to return one or more times and question the seller or their agent before even making an offer. Remember, there's always another dream home just waiting to be discovered.
These are just a few of the things to be aware of ook out for when viewing a property at an 'open house'. For best results, please make the most of your opportunity to get a real feeling for it and follow up afterward. Happy hunting!
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