Open House Tips for Buyers

1. Research Online First
Before attending an open house, take some time to review the listing online. Most open houses are advertised on public real estate websites with detailed information, including photos, floor plans, and property descriptions. Doing your homework ahead of time will give you a better understanding of what to expect and allow you to decide if the home aligns with your needs.

2. Limit Your Options
While it may be tempting to try and see multiple homes in one day, it's important not to overload yourself. Seeing too many homes in a short period can make it hard to remember specific details and compare properties. Aim to visit no more than 4-5 homes in a day to keep your impressions fresh and focused.

3. Make a Good Impression

You want to show the seller’s broker that you’re serious about the home-buying process. Plus, being prepared with a list of questions and specific interests will help you engage in meaningful conversations during the tour.

4. Ask Questions
Asking questions is a vital part of the open house process. Be sure to ask about the home’s features, any recent upgrades or repairs, and why the seller is moving. Additionally, inquire about the surrounding community—schools, amenities, and local transportation options are all important considerations. This will give you valuable insight into whether the home is the right fit for your lifestyle.

5. Request Information and Disclosures
Always ask for key documents like the current property tax details and association fee information. This will help you better understand the ongoing costs of the property. Don’t forget to ask for the disclosure documents, as they can provide important information about the home's condition and any past issues.

6. Perform a Visual Inspection
While at the open house, take time to perform a thorough visual inspection of the property. Pay attention to the roof, windows, doors, walls, and garage for signs of deferred maintenance or damage. Take photos or jot down notes so you can recall details later. Looking for issues such as water damage or structural concerns can help you determine if the property needs additional work or if it’s move-in ready.

The Role of the Listing Broker vs. a Buyer’s Broker

Remember, the listing broker works for the seller and is focused on representing their interests. While they may offer some insight into the home, their primary responsibility is to secure the best possible deal for the seller. To ensure that your interests are fully protected, it’s strongly recommended to work with a dedicated buyer’s broker. A buyer’s broker has a fiduciary duty to represent you and can help guide you through negotiations, making sure you get the best possible price and terms. Though a listing agent may offer discounts, having a buyer’s broker on your side can often result in significant savings in the long run.

Final Thoughts on Open Houses

Attending open houses can be a great way to explore potential homes, but it’s important to approach them with a strategy. By researching listings in advance, limiting your visits, and asking the right questions, you’ll be in a strong position to make informed decisions. Remember that your buyer’s broker is there to help protect your interests, so make sure to leverage their expertise throughout the home-buying process.

Kate Lang | Lang Realty Co
Realty One of New Mexico
9674-3 Eagle Ranch Rd NW, Albuquerque, NM 87114
C: 505.554.6067 | O: 505.883.9400
langrealtyco.com