Home buying etiquette’s to keep in mind

Home buying etiquette’s to keep in mind

To buy a home is not only about contracts, home tours and closing costs. The etiquette that encircles home buying is embedded in common sense. It’s essential to report your real estate agents, sellers and your competition.

Following are important pointers that will help you keep all the parties involved on the same page.

1) Be honest about where you stand in the process

To go on home tours might stand to be enjoyable for a few people. But for a real estate agent it is a zero sum game. To take out 3 hours to show homes for someone who is just window shopping will prove to be a costly affair for the real estate agent.

With regards to home touring with an agent, be pragmatic about the number of home viewing you can cover in a specified period. Take into consideration how much time you are probably going to spend at every location and keep the time to travel also in mind. You must stick to an open house if you are not planning a serious home purchase in the near future.

2) Be sure to have your Pre-approval at hand

A loan pre-approval testifies that you are serious about you being a potential home buyer. A real estate agent and seller would like to see a shopped that has pre-approval letters from a legitimate lending institution. As a matter of fact, listing out your agent will not accept offers on a home until it is inclusive of a pre-approval letter. You do not necessarily require a pre-approval when you first get in touch with a real estate agent, but most often than not their first question to you will be about your financing situation. On the other hand, a lender would usually look to connect you with a real estate agent that they trust if you go to them first. Do not expect real estate agents to clear out their schedule if you aren’t even close to getting pre-approved for mortgage.

3) Be cordial on home tours

Keep in mind that you’re on someone else’s private space. You are not there to ransack the home, there a marginal difference between checking the property thoroughly and rifling through private possessions. It’s best when the crowd is minimal, especially for the first visit to the home. When you’re closer to making the offer, you can get your architect friends or parents on the 2nd or 3rd visit. Sometime a seller will stay onsite for the home tour, in such cases don’t share any positive or negative feedback with your agent about the property until later. The one thing you don’t want to do is weaken your bargaining position or have a bad experience with the seller.

4) The key is punctuality

The process of preparing to show a home necessitates a good deal of coordination. A seller might have to make alternate plan or pivot in other ways in order to accommodate your schedule. You can’t expect everyone else’s to be available at a time when you are. In case you are running late or have to reschedule, make sure your real estate agent is well aware at the earliest.

5) Refrain from overstepping before you own the home

Remember that your real estate agent on your hub for communication. There’s no doubt that you will have questions about the property you are about to buy and may want to schedule one more tour. Filter all that information through your real estate agent rather than getting in touch with the seller or listing agent directly.

At a time when you’re under contract, even then you must refrain from showing up at the property unexpectedly. The property does not belong to you unless the deal is closed and you have the keys in your hand.

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