The Right Number of Houses to See Before Making an Offer

3 minutes read

Should you make an offer on the first home you love? Is it better to wait until you’ve looked at multiple homes? How do you know what to do?

Looking for Current Mortgage Interest Rates? Click Here.

Today, it’s not unusual for home shoppers to look at hundreds of homes. Now this doesn’t mean that they visit hundreds of homes in person. Instead, they look at them online. Technology has made it possible to feel like you’ve been to the home just looking at it online.

Using the internet to your advantage, you can truly shop for a home and narrow down your options without leaving the comfort of your own home now.

BROWSING THE INTERNET

We highly recommend that you view as many homes as possible online. Take the 3D tours and read all of the information provided. You can even do a little of your own research once you have the street address of the property.

Doing this preliminary research can help you get a good feel for the area. You’ll know what features are common for the area. You’ll also get a feel for price per square foot and get basic information about the market for the area you want to move.

SEEING HOMES IN PERSON

Your ability to view multiple homes is much more limited when you go to view them in person. Not only is logistics a potential issue, but there are only so many hours that you can spend to visit potential homes. Usually visiting two or maybe three homes a day is plenty. If you view too many, you’ll find that the features, prices, and nuances of each home will start to blend together. Suddenly, you won’t be able to differentiate between the different properties.

Click to See the Latest Mortgage Rates.

It’s a good idea to visit at least 10 homes in person, though. This is after you’ve narrowed down your options online. Again, viewing homes online can help you know right away when a home is an eyesore or just doesn’t suit your needs. You could save yourself hours just by viewing the property online.

SHOULD YOU BUY THE FIRST HOME YOU SEE?

Love at first sight is common when looking at homes, especially your first home. You think you know what you want and when you enter the home, you feel as if it screams your name. While it may be the perfect home, we don’t recommend bidding on it before viewing at least a few more homes.

As you walk into other homes, you’ll either deepen your appreciation for the first home, making it more sure that this is the home that you want or it will make you realize that the first home wasn’t as spectacular as you once thought.

So is it possible to buy the first home you see? It definitely is, but we recommend looking at a few more homes to help you make up your mind. You don’t want to have buyer’s remorse.

Of course, if you are operating in a seller’s market where there are buyers every way you turn, then you may want to speed up the process a little bit. We aren’t saying to forgo seeing multiple homes or to forget about your online research, though. You may just have to speed up the process if you want to avoid losing the home you want to a competitor.

Facebook Twitter LinkedIn Telegram Whatsapp Pocket

Related Posts:

Making an offer on a home is a huge deal. Having the seller accept that offer is an even bigger deal. In a matter of weeks or months, you could become a homeowner. However, before you start jumping for joy, you should understand the different contingencies you should include in your contract. One of the most important is the appraisal contingency. Without it, you could find yourself in deep financial trouble or...
Houses that are move-in ready are a lot more convenient thinking that you don’t have to worry about anything else other than moving in. However, these properties can be very expensive. What makes fixer-upper houses very appealing is the attractive price tag. With some repairs and renovations, you’ll have a home that can be as beautiful as a newly-built property. However, it is never easy to buy a fixer-up...
Refinance options are depleting, and lenders are more concerned with how well your mortgage performs. Qualifying for a mortgage refinance these days are a lot harder than it has been in the past because of limited options. Some lenders offer a streamlined alternative to borrowers to help lower their costs and to make refinancing more accessible for them. Some banks offer their own streamline refinance programs...
You might think since you have the ‘clear to close’ from your lender that you are free to do anything you want with your finances before your home closing. Don’t make that mistake, though. There are ways that you can ruin your chances of closing on your loan if you aren’t careful. Get Matched with a Lender, Click Here. DON’T CHANGE JOBS Even if you get the best job offer in the world before you close ...
You hear that you have the option to get a “no closing cost” loan. You immediately, think “Sign me up!” Who wouldn’t want to save thousands of dollars on their refinance? But, before you do, there are some considerations you must make. While the name makes it seem like the loan does not cost you, in reality, it does. We show you how below. Get Matched with a Lender, Click Here. HOW LENDERS OFFER A “...
As you shop for a mortgage, you are probably receiving rate quotes from different lenders. You may think that the rate they give you is what you get. Did you know, though, that you could negotiate that rate? Lenders have some wiggle room in the rates they offer you. If you have it in you, it’s possible to negotiate until you reach an agreement. Get Matched with a Lender, Click Here. If you aren’t sure how t...