Summer is a busy time in the real estate market, with Metro DC homebuyers taking the time to tour homes for sale through open houses. However, if you’re a first-time homebuyer, you may not know how to act at an open house. Don’t worry! Like any aspect of Washington DC area real estate, there are guidelines to follow as you visit them this summer, but we’re here to walk you through it!
As you head out to visit available properties in Washington DC, Bethesda, Chevy Chase, and Northern Virginia this year, keep the following tips in mind to practice smart homebuyer etiquette and soon you’ll be a pro!
Watch the other homebuyers
Take note of your surroundings as you visit open houses in DC, Maryland, and Northern Virginia, watching the other homebuyers and listening. You can tell a lot about a home if you see other buyers leaving quickly without taking the time to explore. Are they finding issues? Is the home not in great shape? On the other hand, if buyers are sticking around to ask questions, that can mean great things!
Feel out the market
Visiting open houses is one way to get a feel for the real estate market without committing. In addition to mortgage calculators, online home searches and researching local real estate news, open houses can help you learn more about how homes are priced in the area, what homes in your price range may look like and how quickly they’re selling. Open houses are also an excellent way to start a relationship with a real estate agent.
As you tour homes in DC, Maryland, and Northern Virginia, do not be afraid to ask questions! The real estate agent present at the open house is there to answer your questions about the property, from taxes to operating systems to neighborhood and more. Remember, they have a direct line to the seller and often know more about the home than anyone. You can also make a list of questions to ask through your own agent, but regardless, ask away!
Visit as many open houses as you can while you prepare to buy a home in Metro DC! You don’t need to be committed at the time, but simply listening and watching other homebuyers can really help you get a feel for the market.
In addition, The Estridge Group can provide you with all of the information you need about the real estate market in your area. Want to know which neighborhoods would be best for your family? What programs can help you as a first-time homebuyer? Just give us a call! We’re here to help you throughout the entire buying process.