A Buyer’s Checklist: Navigating Open Houses and More

Homeowners with a mortgage

After reviewing online listings and narrowing down options, you’re ready for the exciting part – touring a property! Make sure you come prepared on what you need to look for and questions to ask, use this checklist as a guide to help you plan accordingly and make sure no details get overlooked.


Pre-Visit: Do Your Homework

Before scheduling a visit, be clear about your budget and goals. In today’s competitive market, you’ll also want a preapproval letter from your lender, this will give you an extra edge against the competition having this ready. Next, you might want to look into the property taxes, you’re able to get this information online when you are doing your research on which homes you are interested in but it’s important to note key finical information when making you decision.

Be Prepared With a Toolkit

Have your phone by the ready and a notebook as well to record what you find during your tour. Details are easy to forget after some time after the tour so it helps to record information you see and find or information that the seller’s agent provides. This helps if you are touring multiple homes as well, so it helps to have an organized record of everything.

First Impressions: Assessing the Exterior

Your tour begins as soon as you arrive, starting with an assessment of the home’s curb appeal. Take note of both the positives and negatives you observe. The condition of the yard and entryway can provide insight into how well-maintained the property is overall. Pay attention to details like the roof and gutters—are they in good condition or well-maintained? Also, check for any cracks or unevenness in the driveway. If you spot significant issues, consider whether your budget allows for larger repairs, such as replacing the roof.

Inside the Home: Room by Room

Once inside, it’s easy to get distracted by cosmetic details like paint colors, room sizes, or entryway designs. However, a thorough walk-through should prioritize features that would be costly to alter or repair. For instance, in kitchens and bathrooms, pay close attention to the appliances and fixtures. Test faucets for water pressure and drainage, and be on the lookout for signs of leaks.

When inspecting bedrooms and closets, the focus is typically on room sizes, storage space, window placement, and overall layout. Be sure to check the floors and walls for any cracks, stains, or other issues that might require repair or replacement.

As you move through the home, take notes on aspects that are likely to come up in discussions with the agent. These details will help you make a more informed decision later.

Post-Visit

Once you’ve completed your initial walkthrough, it’s time to assess everything—both the positives and the negatives. Determine if the home is a true contender, and expand your evaluation to include other important factors, such as the neighborhood and surrounding areas. Consider the proximity to parks, schools, stores, and your commute to work, as these elements can significantly impact your decision.

It’s also helpful to keep your future plans in mind. Are you planning to grow your family? Does the home’s layout suit your needs in terms of bedrooms and bathrooms? Is this your forever home, or just a stepping stone? These are key considerations to factor in. Be sure to discuss your thoughts with me—I can provide additional insight and help you compare this property with others in the area.

Home tours and open houses are an essential part of the home-buying journey. Being well-prepared ensures you focus on the most important aspects and get the most value from your tour.

Original Article by Michel Smith of Blue Matter

1 Comment on A Buyer’s Checklist: Navigating Open Houses and More

  1. Bob, this information is excellent. Also, when meeting the agent holding the open house, could become a very good friend.

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