It's a new year and you are thinking about buying a home while mortgage rates are still low. You want to start by going to an open house.
Be prepared before entering!
Some buyers are just starting their search and don't have an agent yet. They are at risk of getting trapped with an agent working for the seller. Don't get trapped.
(Read up on 'Procuring Cause' at http://www.procuringcause.com)
Have an agent before entering or you could be trapped into using the seller's agent.
Forewarned is forearmed.
What to do: When you walk through the door to look at the house you should already have an agent (who doesn't work for the listing company) that you can name as your agent.
That may mean having more than one agent since you may want to look at a home listed by one of their companies.
If you don't know of a company near you google "Exclusive Buyers Agent".
Don't assume all the agents that pop up are EBAs. First, look for an experienced agent that will listen to you and knows something about houses. Then, look for membership in the National Association of Exclusive Buyer Agents.
Go to http://www.naeba.org. This is the same site that you will find if you go to Suze Orman's site to find a buyers agent. Even HUD in their settlement cost booklet suggests (on page 6) that buyers use an exclusive buyers agent.
Happy house hunting! Be safe and be represented. Don't get trapped.
30 second video