7 Questions You Should Ask at an Open House #4: Why Are The Owners Selling?

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Real Estate Agent with Remax Excellence - Silver Spring, MD Maryland #318884
https://activerain.com/droplet/7Mm
An open house is a perfect opportunity for the listing agent to ask prospective buyers lots of questions, such as "have you been pre-qualified for a mortgage?" or "how long have you been looking?"  Instead of being on the receiving end of all the questions, why not ask a few of your own?  Questions that will help you decide if this is the perfect house for you or if you should walk away.  Here is Question #4 of "7 Questions You Should Ask at an Open House."

7 Questions You Should Ask at an Open House

Question
#4:  Why Are The Owners Selling?

This seems like a personal question, doesn't it?  Similar to asking someone what made them decide to buy a foreign car as opposed to a domestic one.  This question, however, is vital to helping you place the right offer on the table - and knowing what is going to happen after it's accepted.

So, the fourth question you should ask at an open house is why the owners are selling.  Understanding the motives and needs of the sellers will help you put together a strong offer that takes their priorities and timetable for moving into consideration.  Are the owners relocating out of state?  Buying a newly built home that's still under construction?  In escrow to purchase a larger or smaller residence?

How quickly you'll be able to get into your new home (or how slowly) makes a lot of difference.  After all, an accepted offer isn't the same as moving in!

Emcee Arah
RE/MAX Excellence Realtor with Architectural Dimension

Serving all your Real Estate needs in MD, VA & Wash., DC
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Charlie Ragonesi
AllMountainRealty.com - Big Canoe, GA
Homes - Big Canoe, Jasper, North Georgia Pros

And when you ask these questions to the listing agent they will be vague and protect their seller as much as possible. BUT your questions to ask buyer are very cool

Nov 15, 2010 12:49 AM #1
Rainmaker
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Emcee M. Arah
Remax Excellence - Silver Spring, MD - Silver Spring, MD
Realtor w/Architectural Dimension, AHWD CRS B-Arch

That's true, Charlie but necessary questions none-the-less. Thanks for stopping by!

Emcee

Nov 30, 2010 12:19 AM #2
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Rainmaker
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Emcee M. Arah

Realtor w/Architectural Dimension, AHWD CRS B-Arch
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