Tuesday, July 8, 2014

Homebuyer Practices for Northern Virginia Open Houses

Summer is often a busy time in the local real estate market— many homebuyers take the opportunity to visit open houses and Northern Virginia properties that appeal to them. But do you know how to act at an open house? Just like all processes in Northern Virginia real estate, there are certain guidelines to follow. The same applies to homebuyer practices at Arlington, Alexandria, McLean, or Fairfax open houses. Take the following tips into consideration as you prepare to buy a home in Northern Virginia this summer.

Get a Feel for the Market
There is no better time to get a feel for the local real estate market than at an open house. Use this time to learn more about the state of the market without committing. New homebuyers in 
McLean, Fairfax, Mount Vernon, or Arlington should use these open houses in addition to online search tools, mortgage calculators and local news to find what they can afford. "Open houses are some of the best ways for buyer and agent relationships to start," says AOL Real Estate.

Watch the Other Buyers
When feeling out the local real estate market, it's important to be aware of your surroundings. You can tell a lot about a home if you see people walking in and out quickly— perhaps the home has issues that they are finding. Do you see other buyers hanging out and asking questions? On the opposite end of the spectrum, this can mean good things about the property.

Ask Questions
The real estate agent is there to answer any questions you may have about the property, especially during an open house. If you feel more comfortable, make a list of questions and funnel them through your agent; they can then direct them to the listing agent. But remember, if you're there, the agent on duty has a direct line to the seller and likely knows more than anyone about the home.

As you prepare to buy a home this summer in Northern Virginia , it's important to remember the basic guidelines and etiquette of real estate. Visit all of the open houses you can, take notes and watch the other buyers. You don't need to be a committed buyer at the time, but feeling out the market and gathering how others respond can really help you down the line. Have questions? I'm here to help!

I happily serve the areas of Alexandria, Annandale, Arlington, Burke, Centreville, Chantilly, Clifton, Fairfax City, Falls Church, Great Falls, Herndon, Lake Ridge, McLean, Mount Vernon, Reston, Rosslyn, Springfield, Tyson’s Corner and Vienna.

Earle Whitmore

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