Open houses are an integral part of the home-buying journey, and attending them has many benefits beyond getting to view some beautiful local homes.
Are you considering putting your home up for sale, but feel it just isn’t the right time? Maybe you’d like to know a little more about the market, meet with and research a few promising local agents, or get a general idea of other similar listings and what they’re going for. Whatever your holdback may be, attending open houses in your own and surrounding areas can actually help you to understand the process a little more, and answer any questions you may have about how it all works. Let’s take a look at why open houses are important, even if the timing just isn’t right yet!
We often fantasize about our dream homes and paint a picture of exactly what we would like to see, which in many cases can be worked with. However, the best way to gauge what’s realistically out there for you, and what your budget can accommodate, is to actually view the homes you have your eye on.
All of us love to window shop and fawn over shiny new listings online, and sometimes our imagination can get away from us. In many cases the home itself looks different from the photos posted online, so it’s best to get a first hand look at what you can expect from homes in the price range and areas you’ve selected. Sometimes, it will be exactly what you expected and exactly what you’re looking for – in other cases, it may fall a little short. It’s best to do a complete walk through of the home to truly know for sure.
Your budget will thank you for this, too. When you can see firsthand how far your money will take you with the criteria you’ve set, this may help narrow your search to specific locations, specific house or condo sizes, or anything else that will keep your wallet safe. It’s always nice to dream big, but it’s also important to be mindful of what you do or don’t need in a home. Attending various open houses will help to give you an idea of what you can get for your money, and what you may or may not want to spend it on.
By learning more about your needs, you may discover that you’re interested in certain locations or features you may have left out of the equation during your initial search. Viewing a variety of homes will help you solidify what you truly value in your own future dream home, and will give more accurate criteria to help you track it down.
We know that finding a realtor that can meet your needs is a very important part of the home buying process, and meeting with the host of a local open house is a great place to start. Even if you don’t find your dream home that day, sometimes you can find the realtor that will help guide you to it.
With every open house comes a realtor who will be happy to answer your questions, provide more information about the house, and educate you a little more on the neighbourhood and surrounding area so you get a general feel. This is a great way to see how a variety of different agents work, without having to set time aside to individually interview and meet with them. In this way, attending open houses can take care of multiple home buying responsibilities at once, helping to ease the process and provide more clarity.
Jumping headfirst into buying a new house and selling your current one can easily become overwhelming. The thing is, there’s no reason you should stress yourself out by doing it all at once! Open houses let you experience the home buying process in a less personal way, allowing you to still search for a new home, gauge what you like and dislike, and get a feel for different neighbourhoods, features and price points without your home even being on the market yet!
Attending open houses also allows you to practice being diligent in viewing homes, learning what to look for during these tours so you don’t miss a single relevant detail, and arms you with valuable home buying experience you’ll definitely put to use later. While your chosen realtor will certainly guide you through the buying process, it’ll feel amazing to know what to look for, and to know exactly what you want.
Nothing in life is ever certain, but who knows – sometimes things happen when you’re least expecting them to! After attending a high number of open houses, it’s very likely you’ll stumble across one that checks all of your boxes. If this is the case, you may be able to kickstart the buying process sooner than expected. It’s not often that the perfect house will fall right into your lap, but you really never know until you get out there and start looking!
You may start attending open houses with more of a casual approach, with all the intentions in the world of simply seeing what’s out there, noting potential competitors, and speaking with local agents. However, you may find yourself unexpectedly falling in love with a few listings while you do so.
Attending these open houses can be the motivational push you need to finally go after the house you’re looking for, and allow your own home to act as someone else’s dream house. Who knows – you may even stumble across your new home while you’re out daydreaming and shopping for ideas in the new listings! Sometimes stepping into those open houses can act as the final push you need to put your home out there for the world to see, and find something new and exciting that fits you just right!
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