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New home owners

Posted on 10/25/17 at 8:40 pm
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23485 posts
Posted on 10/25/17 at 8:40 pm
How many houses did you visit before you purchased you current residence?

I am starting the process on saturday and I am not sure what's the norm for the process.

I am working with a realtor.

any advice regarding the visit and the realtor is appreciated
Posted by ellunchboxo
Gtown
Member since Feb 2009
18830 posts
Posted on 10/25/17 at 8:41 pm to
Our last house we must’ve looked at about 50 of them before deciding.
Posted by kciDAtaE
Member since Apr 2017
15870 posts
Posted on 10/25/17 at 8:43 pm to
5
Posted by LZ83
La
Member since Sep 2016
17406 posts
Posted on 10/25/17 at 8:43 pm to
Look at 3-6. Surely you have in mind what you want.
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8397 posts
Posted on 10/25/17 at 8:44 pm to
3.50
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64225 posts
Posted on 10/25/17 at 8:44 pm to
FOr us it was a two year process, wife saw more than I did, you do most of your own work online.

Maybe walked 10.

Every situation is different.

There really isn't a "normal".

Some people are in a rush, some people aren't.

Some people are shopping in markets with tons of inventory, some people are shopping markets with limited inventory where you have to make quick decisions and compromises.

It's all individual, no normal.
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 10/25/17 at 8:44 pm to
Have realistic expectations and know what neighborhoods you can afford. Then pick 3-5 houses to look at online, let your realtor know, and go check them out...narrow the list from there.

I looked at 3 houses when buying my current house. However I knew the area and did a bunch of online research beforehand. Looked at the house I bought 3 times before making the offer. The whole process took 2 weeks.

If your market is like mine (Nashville) houses sell in a week or less, so you can’t drag your feet.
This post was edited on 10/25/17 at 8:46 pm
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 10/25/17 at 8:45 pm to
Our current house was the 3rd that we looked at.

ETA - we looked a lot online but found that the pictures are often misleading. We liked several online that we hated in person. We were lukewarm on the house we ended up buying based on the online pics.
This post was edited on 10/25/17 at 9:27 pm
Posted by AUCE05
Member since Dec 2009
42574 posts
Posted on 10/25/17 at 8:47 pm to
I went to a development and picked out a plan.

ETA:

Told them I wouldn’t bring a realtor if they give me 5 G’s in upgrades. They did
This post was edited on 10/25/17 at 8:49 pm
Posted by Supermoto Tiger
Baton Rouge
Member since Dec 2010
9948 posts
Posted on 10/25/17 at 8:47 pm to
Dude - know what you want, your budget and the area. You DO NOT need to look at 50 houses unless you don’t have a clue as to what you want or can afford. Online, look at how ever many as you want. When you go physically and look, tht means your ready to buy it because it should meet all your needs - otherwise, why would you be looking at it. If you have a good realtor, you should not be walking through more than 3 houses.
Posted by East Coast Band
Member since Nov 2010
62894 posts
Posted on 10/25/17 at 8:48 pm to
If it's a home that someone is currently living in, do those home owners a favor and figure out if you're really interested about that particular home before agreeing to see it.
Years ago we were selling our house. When a realtor wanted to show it, we had to extra clean it and move out for a few hours.
Then we'd find out that the prospective buyers weren't looking for a 1 story house ( of which ours was).
fricking realtors
Posted by tilco
Spanish Fort, AL
Member since Nov 2013
13496 posts
Posted on 10/25/17 at 8:51 pm to
Realtors are leeches. U don’t need them.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65916 posts
Posted on 10/25/17 at 9:08 pm to
quote:

any advice regarding the visit and the realtor is appreciated
”any”?

Hmmmm....

Pics of your Realtor® would be helpful before going further.
Posted by pwejr88
Red Stick
Member since Apr 2007
36204 posts
Posted on 10/25/17 at 9:08 pm to
We just bought one.

It was the second one we saw and we saw three total. Made an offer 3 days after seeing it.

You’ll know when it’s the right one.

Don’t settle
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/25/17 at 9:10 pm to
Through two purchases...4 houses total. But we knew exactly what and where we wanted to buy.
Posted by dualed
Member since Sep 2010
4705 posts
Posted on 10/25/17 at 9:16 pm to
Bought my first home in June of '16. Checked out about 7-8 in person. Pictures don't do anything justice. You're gonna wanna take your time and make sure a place is right for you.

Make sure to run the water to see how long it takes to get hot, flush toilets to make sure they're fine, flip light switches, turn on fans, the works.

I got way too excited and put an offer in on the first home I visited and ending up losing it to a higher bid. In hindsight I'm glad that I did because the house I'm in now is perfect for what the fiancée and I wanted.

Take your time man, if you have a realtor that's being pushy then either set them straight or find a new one.
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
5381 posts
Posted on 10/25/17 at 9:18 pm to
quote:

How many houses did you visit before you purchased you current residence?


A lot....well above 50. The market is/was extremely hot in the DFW area. The house we bought was the 4th house we attempted to purchase. We actually went as high as $20k above asking on one of them. We had to offer above asking on every house to even have a chance. Open houses would have 25+ cars on the street full of folks to look at them. Days would go by before we'd find out if we had got the home or not, sometimes having to re-offer on the home. The realtors were driving up prices, too. I've owned many homes. This was by far the most difficult purchase because of the amount of buyers.

ETA: You and your wife will know when you find that perfect house. It may take looking at 3 or maybe 100. It is what it is. Take your time....you're buying your "home" not just a house.
This post was edited on 10/25/17 at 9:24 pm
Posted by BACONisMEATcandy
Member since Dec 2007
46644 posts
Posted on 10/25/17 at 9:24 pm to
We probably saw close to 40-45. Any house we were truly interested was under contract within 10 days. We Only put an offer on one house and got it. We were very lucky.


Posted by Furbs311
South Carolina
Member since Oct 2005
516 posts
Posted on 10/25/17 at 9:26 pm to
My advice is to keep an open mind. Don't write off a property just because it doesn't meet all your wants or needs a little work (especially something as easy as paint/flooring, etc). My wife and I went to an open house last summer and both walked out not liking the house at all. When the price dropped significantly a few months later we went back and walked around again..and bought it a few weeks later

Also, don't be afraid to think outside the box.. I've purchased two foreclosures and an estate sale. For the right deal you can build equity quickly. Your first house doesn't have to be your last house. Find a good deal in a good area, work on it a few years, sell and move on to something nicer if that's your ultimate goal.
Posted by TROLA
BATON ROUGE
Member since Apr 2004
12407 posts
Posted on 10/25/17 at 9:30 pm to
First house we looked at probably 8-10.. we knew the area we wanted and the price we could afford and used the internet even though it was 2003 internet..

Current house... we weren't looking but the house was one we had always dreamed of owning.. it came up on the market and we went to see it and put in an offer
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