5 Top Tips for Visiting Open Houses

Reblogger M.C. Dwyer
Real Estate Agent with Century 21 Showcase REALTORs 01468388

This is such a great primer about tips for attending open houses in Maryland that I wanted to reblog it because it'll be useful for buyers attending open houses here in California!

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. 

Bend cottage

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 agent, tell the agent you are already represented and you do not have to sign in.
  • Ask the agent before taking pictures-In many cases, the house you're visiting is someone private residence. Pictures of the bedroom and bathroom could inadvertently show personal items and products not meant for the public. 
  • Listen to other conversations, particularly if they involve neighbors-You can learn a lot about a neighborhood, community and even the HOA just by listening to what the locals say. Strike up a conversation with a neighbor and ask them about the community. 
  • Look but don't touch-You wouldn't want to break a family heirloom or be accused of stealing so keep a close eye on your children and don't touch any personal items. 

Remember, at an open house you are gathering information about the property. Don't talk about yourself or your home search. Keep focused on the property and ask lots of questions but do not provide too much personal information. Happy house hunting! 

 


4849 Rugby Avenue Bethesda Maryland 20814 office 301.657.1475 cell 301.922.1677

 

Victoria Henderson is Vice President & Associate Broker with Buyer's Edge, Exclusive Buyer Agent & Realtor in Virginia, Maryland and Washington DC. Victoria is a certified Military Relocation Professional 

 

 

Marshall Henderson is a Certified Negotiation Expert & Exclusive Buyer Agent with Buyer's Edge & Realtor in Virginia, Maryland and Washington DC

Certified Negotiation Expert

 

Members of National Association of Exclusive Buyer Agents

Not Just a Buyer's Agent, an Exclusive Buyer's Agent. There's a Difference. Learn more at: 

 HomesBuyHendersons.com & BuyersAgent.com

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Rainmaker
3,204,854
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

What a great reblog, I will have to let her know as well, too often buyers do not understand the fiduciary responsibilities of a Listing Agent,Endre

Mar 30, 2019 09:53 PM #1
Rainmaker
3,253,133
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Lots of "over the top" enthusiasm at an open house can mean trouble.

Mar 31, 2019 01:33 AM #2
Rainmaker
375,453
M.C. Dwyer
Century 21 Showcase REALTORs - Felton, CA
Santa Cruz Mountains Property Specialist

Endre Barath, Jr. thanks for stopping by.     The law of agency is widely misunderstood by consumers who may overly trust the sellers' agent by not understanding the nuances.

Sally K. & David L. Hanson  I imagine you mean the risk of giving up their negotiating strength by revealing too much?    Thanks for stopping by!

Mar 31, 2019 09:34 AM #3
Rainmaker
1,229,706
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Great choice for a re-blog, M.C.  Important information shared regarding representation and etiquette both ...

Gene

Apr 27, 2019 11:55 AM #4
Rainmaker
375,453
M.C. Dwyer
Century 21 Showcase REALTORs - Felton, CA
Santa Cruz Mountains Property Specialist

Thanks for your comment Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi .   I'm amazed at how few buyers understand agency.

Apr 28, 2019 08:51 AM #5
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Rainmaker
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M.C. Dwyer

Santa Cruz Mountains Property Specialist
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