Buyers new to the housing market often don’t know where to start their search. In fact, sometimes they don’t even know for certain in which community they want to make their home. Even knowing the type of house-style they want is a mystery. If they’re the first in their family to own property, narrowing down choices seems monumental.
A great way to start is viewing homes in magazines and online, wandering through Pinterest boards, and visiting open houses.
Two types of open house events
Open house events are not equal. One kind of open house is a builder's model. Model homes operate more like retail showrooms in that the builder typically sets up an office in the garage of one of the models and then stages one or more homes for buyers to view. The models display options from flooring to appliances and cabinetry, allowing potential buyers to choose what fits their aesthetic or their budget. Builder-grade is the base model, and all other features are optional add-ons.
The salesperson overseeing the builder’s model open house typically works directly for the builder or developer and sells directly to the consumer, just as a retail store does. While the selling agent may appear to champion the buyer, ultimately their employer is the developer, so take that into consideration. This type of open house conforms to typical retail business hours for the housing industry.
The second type of open house is hosted by a selling agent that represents a homeowner. These are one-time planned events with defined hours where the homeowner typically vacates the premises while the seller's agent shows the home to prospective buyers.
When visiting a builder open house, treat the furnishing the way you would those in a furniture store—look and touch, but be respectful. When attending a private home open house, follow this list of do’s and don’ts for bests results.
If you're interested in presenting an offer on a home after an open house or have questions that need answering before you can prepare an offer, DO contact your agent immediately.
Buying a home is a huge investment. Do you trust the investment of your hard earned money to someone who does not have the experience to protect you from loss? Knowledge of the market is a prerequisite to wise choices. Understanding the emotion of the business is essential to balance options. Experience brings it all together for YOUR benefit.