How many homes should I consider before choosing one?

Asked by NYCBrowser, Brooklyn, NY Fri Mar 8, 2013

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44
Jennifer Fivelsdal’s answer
Jennifer Fiv…, Agent, Red Hook, NY
Sat Mar 16, 2013
f you had a consultation with your agent and really refined your criteria then carefully review the listing sent to you this should cut down on the number of homes you need to look at before buying.
You can also eliminate some of the listing by doing a drive-by. I have had clients buy the first house they looked at so the number varies.
2 votes
Lia Troy, Agent, New York, NY
Fri Mar 8, 2013
BEST ANSWER
It depends on your price range. If you are looking to spend a great deal then you are in the unique catagory and will be perhaps looking for a one of a kind home. If you are looking for good housing in a low price range than 5 to 10 properties , after that you're not really looking to buy you are just looking to look. Also trust your gut, don'r be afraid to but the first thing you see.
0 votes
Ross Ellis, Agent, New York, NY
Fri Mar 8, 2013
Dear NYC Browser,

There is no rule as to how many homes you should see before choosing one. Hopefully you're working with an experienced buyer's broker and have given them your "Wish List."

Somebuyers have actually made an offer on the first home they saw!

While you will have to decide what the most important "must haves" are and you may even have to give up a few in this fast paced market with so little inventory ... you'll know you want to buy a home when you walk in and say "AHA!"

That AHA moment is when you know you found the home you love and you don't have to see anymore. Don't wait once you've found it. Make the offer, have your attorney review the contract quickly and sign it right away.

In this New York market there is no time to shop around once you find that AHA home. If you wait someone else could beat you to the closing table and you'll have lost a wonderful home!

Good luck!

Ross Ellis
Licensed Real Estate Salesperson
Member of Real Estate Board of New York
212.317.7828 direct
770 Lexington Avenue, 10th Floor
New York, NY 10065
rellis@halstead.com
2 votes
Maria Cipoll…, Agent, Coral Springs, FL
Fri Mar 22, 2013
At the current very low interest rate, the inventory of homes for sale ill last less than four months. That's is the reason that in many markets home priced under 300K get multiple offers within the first 5 days. Supplies are down across the nation. If you are in that price rangem you better off finding one that will suit your need as soon as possible.

Best of Luck,

Maria Cipollone
http://www.Flahomespecialist.com
1 vote
Endre Barath, Agent, Beverly Hills, CA
Sun Mar 10, 2013
In the Greater Los Angeles area we have limited inventory in all price points, hence the more focused a buyer is about knowing what the wants and needs are that they can not compromise in their price points the fewer homes they need to see.
On the other hand if you are Relocating to Los Angeles from some other part of the World it is a totally different story.
Iwould suggest NYC Browser to create a must have list and a would like list. If the must have list is met then it does not take a great deal of effort to recognize the property to buy.

Endre Barath,Jr.
Prudential California Realty
Beverly Hills, CA
homes@endrebarath.com
310.486.1002(m)
Web Reference:  http://www.endrebarath.com
1 vote
Jenet Levy, Agent, New York, NY
Fri Mar 8, 2013
NYC Browser,
This is a great question. There is no magic number of homes to see before making your selection. I would suggest you decide which features are most important to you. Then decided which are non-negotiables and which are features you would like, but are not essential. Aim for the best of what is available that meets all your non--negotiables and as many as possible of the things you would like but don't need. This is a very active, fast market right now, so hesitating too long on something you are seriously considering could cause you to lose it. Similarly, prices are rising, so passing up too many very good options could cause you to pay more for something very similar later.

Best,
Jenet Levy
Halstead Property, LLC
212 381-4268
jlevy@halstead.com
http://jenetlevy.halstead.com
1 vote
Christopher…, Agent, Tarrytown, NY
Tue Nov 4, 2014
It depends on your expectations and needs. If you find something that meets all your criteria and can see yourself living there happily, why not make an offer?

Chris
0 votes
John Ren, Home Buyer, New York, NY
Tue Nov 4, 2014
Its totally depends on your mind set. If you have a plan and ideas about your home you should consider as many homes as you want until get your dream home. Price, place are comes in next level. First thing and most importantly you must satisfy with that home.
0 votes
Irina Karan, Agent, Fort Lauderdale, FL
Wed Jun 26, 2013
If you first look at everything on the market in your price range that meets your buying criteria, and you check your comps - and you feel you love the space (a combo of heart and mind purchase) -
and your agent shows you valid options - it could be 3-8 homes.

I have had clients who "knew" their market niche before we went on the road - after we met in my office and they looked through emails I sent them. Showing more usually gets buyers super confused, even though we do create nick names for homes, take pix with house number to catalog them etc. Most people don't want to drive around endlessly and appreciate "ball park" showings.
Many buyers first find their neighborhood and then concentrate on the building (if condos) - to maximize their time. This is especially true to investors and buyers in the rising value market -
not buying literally costs you a lot...

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
0 votes
Thomas Moser, Agent, East Northport, NY
Tue Jun 25, 2013
It's different for different people. I find that buying a home is a very emotional experience. You need to be able to "picture" yourself living there. Believe me, you'll know it when you find the right one.
0 votes
Thomas Moser, Agent, East Northport, NY
Tue Jun 25, 2013
It's different for different people. I find that buying a home is a very emotional experience. You need to be able to "picture" yourself living there. Believe me, you'll know it when you find the right one.
0 votes
Thomas Moser, Agent, East Northport, NY
Tue Jun 25, 2013
It's different for different people. I find that buying a home is a very emotional experience. You need to be able to "picture" yourself living there. Believe me, you'll know it when you find the right one.
0 votes
Thomas Moser, Agent, East Northport, NY
Tue Jun 25, 2013
It's different for different people. I find that buying a home is a very emotional experience. You need to be able to "picture" yourself living there. Believe me, you'll know it when you find the right one.
0 votes
Thomas Moser, Agent, East Northport, NY
Tue Jun 25, 2013
It's different for different people. I find that buying a home is a very emotional experience. You need to be able to "picture" yourself living there. Believe me, you'll know it when you find the right one.
0 votes
John Peitler, Agent, NY,
Tue Jun 25, 2013
Please contact me for assistance. My name is Tanuja and I can be reached at 347-882-0353. Thenk you and good luck.
0 votes
Manuel Ramir…, Home Buyer, California
Fri Mar 22, 2013
There is no magic number involved for the no. of home must see before buying. Rather than spending time and money, its better to consult a local realtor as he would be best to guide your decision. The only thing required is mention the realtor both your needs and price range.
0 votes
Gaurav Verma, , Indian Trail, NC
Fri Mar 22, 2013
It depends on your price range.Every person has his own needs. Like your location, price range, property type etc. Price can vary location to location.

http://www.99acres.com/
0 votes
Kevin Yankow, Agent, Fort Myers, FL
Thu Mar 21, 2013
Physically? 6-10 and narrow down to 2-3. You should start online by narrowing the area/ community and browsing numerous properties. Contact a local agent to assist in your search and limit the amount of online inquires if you are working with an agent. Compile a list and send it over to the agent to coordinate a time to view the properties. The combined efforts and proper communication will ensure that you and your agent are on the same page and searching with the "same pair of eyes".
0 votes
Tsvi Pick, Home Seller, New York, NY
Thu Mar 21, 2013
It depends on your price. I recommend to see as many as possible time permitting
0 votes
Claire-Anne…, Agent, Indianapolis, IN
Mon Mar 18, 2013
Bill Eckler's answer is spot on.

Make sure your agent knows exactly what you are looking for and then look at homes within taht parameter - so no homes out of budget, no homes without a basement if you feel you must have one, etc etc.
Tell them what you like/dislike about each home - a good agent will be able to direct you from there and get you to your perfect home.

Good luck!

Claire-Anne
0 votes
Robert Chome…, , San Diego, CA
Mon Mar 18, 2013
Look at a lot. So you feel you REALLY know deep what is out there and can spot a good deal from a bad deal.
0 votes
Beccaj, , Chicago, IL
Mon Mar 18, 2013
That is such a hard question, thinking about that for Chicago too.
0 votes
Kelly Miller, Home Owner, Santa Ana, CA
Fri Mar 15, 2013
Till you find the right one in terms of price and your requirements. Since buying a home is a life term decision, you must consider all pros and cons before zeroing in one. Also consult your legal adviser while choosing one.
0 votes
Bill Eckler, Agent, Venice, FL
Thu Mar 14, 2013
NYC...

Don't make the mistak of putting that level of pressure on yourself. Selecting and purchasing a home is to a degree an act of "chance." There are people that are fortunate to find their perfect home on their very first outing while others anguish for months or even years.

A buyers level of success is often tied closely to their personal level of motivation. Those that do not have a sense of urgency can tend to take longer than those that do not.

With this said, buyers often make the mistake of entering the search process without a clear appreciation of what their perfect home would look like. Because of this, we often recommend that buyers sit down to identify exactly what they are looking for in their new home. It can help greatly by having at your disposal two lists that you have created.....one listing all the qualities your new home must have and a second identifying all the features that are not acceptable.

This is a simple but important process that can help every buyer by clarifying their focus.

Good luck with your search,

Bill
0 votes
Grace, , New Jersey
Thu Mar 14, 2013
There isn’t a set number of houses you should see before you decide. Visit as many as it takes to find the one you want. On average, homebuyers see 15 houses before choosing one.
0 votes
John W. Chang…, Agent, New York, NY
Wed Mar 13, 2013
There is no magic number when it comes to searching for a new property. Each person has his or her own needs, such as location, price and much more. If I were in your place, I would give my broker the set criteria when it comes to choosing a home.
0 votes
Manuel Ramir…, Home Buyer, California
Wed Mar 13, 2013
Well, according to me it all depends on how fast you want a house for yourself. If you are willing to spend a huge amount then you must search properly. You can also get in touch with a real estate agent. I am sure you can get help from them as well.
0 votes
opondomusa, , 10020
Tue Mar 12, 2013
It depends on how fast you want a home, but basically you should view as many homes until you find what you are looking for.
Web Reference:  http://www.realtypin.com/
0 votes
Dorothy Mati…, Agent, Douglaston, NY
Sun Mar 10, 2013
If you work with a buyer's agent, they can help you narrow the field considerably so that you don't waste time seeing more than you need. They can also provide you with a service like Listingbook to give you not only the avaialble, but the sold and under contract all in one place so you can hone in on the market you wish to purchase in without having to look through many sites often with all the same inventory.
0 votes
Mitchell Hall, Agent, New York, NY
Sat Mar 9, 2013
It only takes one. When it feels right it's the one for you. The first homes you see are often the best, so be alert, ready and realistic.

It's never just a house or apartment. When it’s right, a home is not just the physical space where you reside. It’s where you come to life.

An experienced broker will make an effort to understand your needs and unique personality and will use their resources to find homes that go beyond your checklist to that wonderful feeling you get when something just feels right.

When it just feels right...that is how many.


Best,

Mitchell Hall
Senior Associate Broker
The Corcoran Group
347-921-4255
mhall@corcoran.com
http://nycblogestate.com
0 votes
Bill Eckler, Agent, Venice, FL
Fri Mar 8, 2013
Oh.....my!

How many frogs must one kiss before finding the prince? Assigning a number would be pure folly.
Some have purchased the very first one considered while others are still looking.......

Bill
0 votes
Tefanie Osias, , San Francisco, CA
Fri Mar 8, 2013
A minimum of 5 maybe enough for as long as meets your criteria. It should meet all your needs where the last thing you have to talk about is the best price that makes both parties happy.
0 votes
Elena Ravich,…, Agent, New York City, NY
Fri Mar 8, 2013
Depends on how many specific criteria your have that would limit your search.. Also, as many brokers mentioned we are at the lowest supply of inventory in 30 years, which limits your choices, as well. In the summer, I would show 15-20 apartments to very picky buyers, now I am lucky If I can find 5-7 places to see, especially if there are budget or maintenance constrains.
0 votes
Joseph Hasti…, Agent, Bayside, NY
Fri Mar 8, 2013
Everyone has said pretty much the same thing. Here's my take. First, we are in an interesting situation in New York as now there are much fewer listings and quite a bit of demand. There is no buyers market and if you were waiting for real estate to hit bottom then, you've already missed that. When demand outweighs supply multiple offer will occur and that will drive up prices.

Next, you may think there is plenty of property to look at but when you apply your criteria for specific location, proximity to transportation, shopping and anything else that is important to you, inventory will dwindle further. There is always some level of compromise unless perhaps you have unlimited funds.

If you are prepared to buy now, I strongly suggest you work with a broker who can show properties that mostly fit your criteria. When you find what you like don't sit on your hands, make an offer. You can always continue to look. Good luck.
0 votes
Leslie Bott, Agent, New York, NY
Fri Mar 8, 2013
Dear NYC Browser,

I totally agree with Ross Ellis, she is right on, and finding an experienced broker in your area, is so important, and can save you precious time! Remember, when you walk into a home or apartment that you love, don't feel like you have to see more properties, make an offer, and have your attorney do their due diligence, then close quickly on the home of your dreams!

Leslie D. Bott
Senior Vice President
Associate Broker, REALTOR®
FENWICK KEATS Real Estate
419 Park Avenue South, 7th Fl.
New York, New York 10016

LBott@FenwickKeats.com
http://www.FenwickKeatsrealestate.com

"WE KNOW THE NEIGHBORHOOD"
0 votes
Anna M Brocco, Agent, Williston Park, NY
Fri Mar 8, 2013
It really depends on you; once you locate the property that meets your needs, no reason not to consider making the purchase, regardless the number of properties visited...
0 votes
John W. Chang…, Agent, New York, NY
Fri Mar 8, 2013
There's no such thing as a "magic number" when it comes to rent or buying a home. Everybody has their own unique categories when choosing a home. Some are more choosy than others; it's best if you spoke with a real estate agent on what your needs are.
0 votes
Yanoska Diaz, Agent, Miami, FL
Fri Mar 8, 2013
Are there that many to consider in Brooklyn, NY? I hear inventory shortages are everywhere so you will probably find yourself considering them all.
0 votes
Janet Nation,…, Agent, Garden City, NY
Fri Mar 8, 2013
There's no magic number. once you and your agent determin your personal criteria, regarding, location, style, condition and price range, it's not unusual to find it on the first try, Your natural instinct will tell you when you have found the right home for you. You can shop around but that house may not be available when and if you decide to return.

Janet Nation, CBR
Sailing Home Realty
Direct: 646-321-9649
Office: 516-377-4760
Licensed Real Estate Salesperson
http://www.jnationproperties.com
0 votes
Jeffrey Kami…, Agent, La Grange, IL
Fri Mar 8, 2013
I would recommend trying to see as many homes in your market in the same price range as possible. However, I have seen several clients lose out on their dream home because they needed to see other options before making an offer. Your agent should be able to advise you on the state of your market so you know if you need to move quickly. Good luck!
0 votes
Christopher…, Agent, Tarrytown, NY
Fri Mar 8, 2013
If you are ready to buy, find a home that meets your needs and wants, and can absolutely see yourself living there, why not pull the trigger? It could be the first home or the 20th home that you've seen, doesn't matter if it meets the above criteria. Try to avoid the mindset that there will always be something better, there will be. If you live by that you'll never buy anything. Hope that helps :0)

Christopher Pagli
Accredited Buyer Representative
914.406.9023
0 votes
Gladys Viru…, Agent, Scarsdale, NY
Fri Mar 8, 2013
You can see one or many. Make sure you give your Realtor your ideal criteria for the home you want. Once you see some properties you may re-nogotiate the criteria. I've seen buyers give up garages for driveways because the rest of the house offered so much without it. It really is up to you to research the listings appropriately so you don't waste your time and give the realtor the most realistic picture of what you are looking for. be specific in terms of price, taxes, neighborhoods and schoolsand square footage. The more you want the harder it will be to find everything you want . Know what you can neotiate at the end..
Ask many questions when not sure about things,,,A good realtor will decipher through it all and come up with the right home for you....Good luck!
0 votes
Yi Chen, Agent, New York, NY
Fri Mar 8, 2013
Totally up to you. If you know what you want, you will recongnize the right one once you see it. If you don't know what you want, then seeing the more the better.
Best,
Yi Chen
Sotheby's International Realty NYC
917-325-1998
0 votes
Ron Thomas, Agent, Fresno, CA
Fri Mar 8, 2013
As many as it takes to match most of your parameters.
Up to you.
0 votes
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