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First-Time Home Buyers Guide: Part 8 of 15

Avoid These Things

Going to open houses seems like an obvious and good way to start looking for a house to most people.

I know, I know. You’re probably thinking, “What’s wrong with going to open houses!?”

The answer is more than I’ll get into in this section of this booklet. Lots more. So much more that I wrote an entire booklet about why you shouldn’t go to open houses. It’s called: “Beware The Pitfalls Of Attending Open Houses.” If you want a copy of that booklet, just reach out and I’ll be happy to give you a copy.

But to nutshell it, going to open houses causes many buyers to make poor decisions, rash decisions, and costly mistakes that most buyers don’t even realize were caused by going to open houses.

You’re probably wondering, “So, if they’re that bad, why do agents even hold them?” There are a handful of reasons:

Most agents don’t even realize the issues they cause.
Many homeowners expect and demand that their agent hold them (even though they rarely result in the sale of the home).
It’s a good way for agents to meet potential buyer clients.
Plenty of homebuyers still go to them since they don’t know any better...so why stop doing something that allows you to meet potential new clients?

You’re better off not going to them. But, if you do, be prepared for agents to try and get you to buy the house or at least work with them to find another house. It’s what they’re there to do. But keep your wits about you, and don’t make any rash decisions.

Pro tip: If an agent is being pushy and you want to get him or her off your back, just tell them you’re already working with a world-famous real estate author. (OK, fine. Maybe not world-famous. But at least local-famous. Ha!) Feel free to relay that even if we’re not working together yet.

Bottom line: Buyers who are on top of their game don’t go to open houses. They view homes privately without the commotion of an open house — and they're able to take their time looking around and talking about the house with their agent. Also, they’re usually going to see a house as soon as it hits the market, even in the middle of the week.

Continue Reading 

Preface: First Time Home Buyer's Guide: part 1 of 15

Where's Your Horse: First Time Home Buyer's Guide Page 2 of 15

Don't Sweat the Small ___: First Time Home Buyer's Guide: part 3 of 15

You Deserve Some Credit, If . . .First Time Home Buyer's Guide: part 4 of 15

Are You Gifted?  First Time Home Buyer's Guide: part 5 of 15

Speaking of Parents . . . First Time Home Buyer's Guide: part 6 of 15

As Seen on TV First-Time Home Buyers Guide: Part 7 of 15 

Avoid These things: First-Time Home Buyers Guide: Part 8 of 15