Home Buying in Houston>Question Details

MJ, Home Buyer in Houston, TX

First Time Home Buyer - What to expect on Open House?

Asked by MJ, Houston, TX Fri Jan 23, 2009

I found several homes I think I like on Realtor.com. My fist question is what happens if I go to an Open House. I have never been to one, so I don't know what to expect. Am I going to give any of my information there? Or Can I just look at the house? My second question is do I need to have my Buyer's Agent before I go see the house, or can I hire someone afterwords?

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Here comes the truth...open houses are mainly done to find buyers.......
They rarely sell homes ...
That being said....it is customary to give out your name and phone number at an open house so that the listing agent can get feedback later...and also to touch base with you at a later date.

There is no law that says you have to do that.....you can just go in and look and leave, the agent or person holding the open house will try to start conversation with you that is what there are supposed to do...but you can politely say that you just want to look but thank you...etc

you dont need to have a buyers agent present with you...but if you already have one that you are working with and feel comfortable with just make sure the open house agent knows this

You can definitly hiring someone afterwards...like I said....that is mainly what they are for
Web Reference: http://www.camerohomes.com
0 votes Thank Flag Link Sun Mar 29, 2009
You can go but if you do not have any agent yet or may have one in mind. Tell the realtor at the open house you are working with someone. You can sign in but do not have to give any other information. However, on the other side, if you were the home owner would you want anyone but a serious buyer in your home? So some realtors may have an agreement with the home owner that only serious buyers view the home. Most realtors wouldn't be paid until the home closes so while they are answering your questions, they may miss the opportunity to sell the home to someone would is serious and would like to work with them.
0 votes Thank Flag Link Fri Jan 23, 2009
Hi, Mj,
You don't need to have an agent before you go to any open house, or give any of your informations if you don't prefer to. Open house is open for anybody to go and look at the property. But if you don't have an agent and want to look for one to work as your buying agent, going to open house is one of the resources to find an agent who you want to work with. Talk to them, ask questions, and see which one you feel is the best candidate to work for you. To a buyer, it is a free service, it doesn't cost you anything to use a Realtor's service.
Not knowing the agent, and you don't want to mislead them, just be honest with them and tell them you are just looking, and you are trying to interview a few agents to decide who you want to work with. We appreciate honesty as much as a client expects the same from us.
One more thing, once you decide who you want to work with, he/she can help you to buy whichever house you want. The agent at the open house does not just sell the house they are hosting the open house at.

I hope this helps.
Web Reference: http://www.ritafong168.com
0 votes Thank Flag Link Fri Jan 23, 2009
Sounds like you've done your homework on houses for sale in the area. That's great!
You do not have to have a Buyer's Agent in place before you start looking at homes, but it is a good idea.
You will be welcomed to the house by the agent hosting the open house. You should be given information on the home and be invited to tour the house. Take some notes as your tour the home.
Happy house hunting!
Pam Miller
0 votes Thank Flag Link Fri Jan 23, 2009
MJ,

You can give as much or as little information as you like at an open house. You will want to have a buyers agent if you plan on making an offer. If you have several in the area you would like to see we can make appointments and see them on your time.

There are many factors to what your interest rate will be. You will need to get pre-approved. You can apply on line at http://www.firstimperialmortgage. We can help you with the entire process.


Lacinda Homfeld
H & Co. Real Estate
First Imperial Mortgage
713-557-6042
lacinda.homfeld@gmail.com
0 votes Thank Flag Link Fri Jan 23, 2009
GREAT QUESTION :

Open house is way a realtor or realtor team holds to attract buyers for that property or potential client. Allows seller and realtor greater exposure to community.

You dont have to give any information AT TIMES WHEN YOU DO SOME realtors will start to stalk you . Be prepared if you are not ready to purchase.

OPEN HOUSE are GREAT when 1st time home buyers dont know what they like, have any idea, and etc. ASSIST if you go look, when are are working with your buyers agent knowledge has power detail your specifications since you have vested time touring open homes.

In order purchase a home you need lender approved most realtors refuse to work with unless you have a mortgage pre-qualification letter. Used as a tool assist realtor on your behalf and structure a sales contract offer

NEVER purchase a home from a builder/seller/listing agent UNLESS you have your own buyers agent representing you . GOOD LUCK
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Fri Jan 23, 2009
Hello MJ,

You can expect the agent to have a sign in sheet. Typically we ask name, email address, are you working with an agent, if not, would you like to sign up for a home search.
I'm not sure how things work with agency relationships where you are, but I don't believe you need to have a buyer's agent first and you can hire one after the fact, however Open House agent may view themselves as procuring cause and them being the reason you knew about the property.
I would call a local agent in your area and ask how this works. This would also be a great chance for you to interview that agent at the same time.
I would also seriously considering getting a buyer's agent, this is in your best interest.

Best Regards,

Deja Lett
0 votes Thank Flag Link Fri Jan 23, 2009
You should not feel pressured to give any information at all. The agent hosting the open house may ask for it. agents will typically ask for your contact info so that they cn do some follow up with you afterwards. I would expect that no matter where you go, especailly since you aren't represented by an agent yet.

You don't have to have an agent when you go look at the house. If you tell an agent you aren't represented, expect them to ask you for your business. I know I would ask!

Let me know if you'd like some help this weekend 832-622-8100 or larkin@houstonicon.com. I'm actually pretty available this weekend. Whereabouts are you looking?
Web Reference: http://www.houstonicon.com/
0 votes Thank Flag Link Fri Jan 23, 2009
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