You’ve spotted a property that matches your criteria and the broker is organizing an open house? Here are a few important points to keep in mind. Enjoy your visit!
When it comes to the neighborhood, it’s important to choose a location that matches your search criteria. For example, nearby parks, schools and services are often great advantages to have.
Property exterior and neighborhood
Another important element to observe is the maintenance of the property: the siding, windows, terrace, foundation, driveway, etc. It goes without saying that an inspection of the property’s exterior is essential. It goes without saying that a pre-purchase inspection is highly recommended, but a first glance can sometimes save you from unpleasant surprises. It may also be a good idea to ask the owner-occupiers questions about the tranquility of the neighborhood.
Finally, for the interior of the property, check whether the division of rooms, their size and sunlight correspond to your needs. Also ask the listing broker about the number of owners, any alterations and work carried out over the years.
Before going any further, schedule a second visit with your broker, who will take a professional look at the property. He can also review the documents, analyze the market and give you an opinion on its fair market value.
Are you represented by a real estate broker?
If you are currently represented by a real estate broker as a buyer, it’s a good idea to inform the broker present at the open house. The latter will be in a better position to collaborate with your representative and keep him or her informed of any changes in the situation of the property visited. For example, if a promise to purchase is made, you will be informed.