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5 Top Tips for Visiting Open Houses
The real estate agent at an open house works for the seller.
In many states, there is a sign, usually next to the sign in sheet, saying the agent at the open house works for the listing brokerage and the seller.
If you are new to the real estate game, be polite to the open house agent but don't divulge too much about your personal situation. You don't want to compromise your bargaining position if you intend to put an offer on a house.
Here are a few tips on what to do when visiting an open house.
Don't show your hand-Remember, the open house agent represents the seller and the brokerage wants to get the best price for their client. If you tell them too much information about your needs, financial situation or timeline, you've given away some of your bargaining power. If you sign in, expect to be contacted by an agent who works for the listing brokerage-The sign-in sheet is frequently used to collect the names, phone numbers and email addresses of potential buyers. Often the agent at the open house is there to gain more buyer clients. If you have an agent or are working with a true buyers ... more
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