Open House – Today is more for Realtors® than buyers and sellers!

Online Information has a good side and a bad side. Lots of information with no training can be a budget disaster!

As Realtors® today we see that an open house is often thought of by a customer as a way to avoid contact with a Realtor.

The open house way of thinking customers have escapes us as Realtors®. The reason being is the customer entering any open house in a sense is walking into a lion’s den The Lion inside would be the Realtor. The purchase of a home is not made on a regular basis and it is the largest investment that most people make. Too much knowledge is available without the training on how to use it leaves many home buyers at risk. Pretty much everyone knows what a lawyer is and does. Lawyers negotiate legal disputes between multiple parties. If you were to ask a large group of people if they would use the same lawyer as the person they have the dispute with. You would have an instant response of NO!

Lawyers Negotiate and Realtors Negotiate

Everyone understands that they want their own lawyer to protect their interests. So why do home buyers walk into an open house and engage in conversation with a Realtor who negotiates for the seller. Mostly because they think they can save money. This theory is mostly wrong because once a home is on the market the seller agreed to pay the commission. An open house is a way for the sellers Realtor® to negotiate against you and keep both halves of the commission, In most cases the seller signs upfront to pay both Realtors® Yours and theirs. So why would you want your opponents agent negotiating on your behalf when they are obligated to the seller.

Recommendation

Select a Realtor® to represent you before attending any open houses.

Once you select a Realtor® you can look at houses on your schedule and save a huge amount of time. Using professional tools instead of watered down public sites you can look at only those homes that meet your criteria. At the same time your Realtor® is obligated to get you the best deal and be paid by the seller.

Stay Out Of The Lions Den

You should look at homes with your Realtor® who works for you at no expense to you. Maybe most importantly at a time that works for you!

Can You Guess Who Is Taking The Lead Toward The American Dream?

Who Likes Moving?

Most People Hate The Thought Of Moving!

Most people avoid it.

Even though most people hate moving they choose to do it all the time. Especially our younger generations who tend to fall in two groups, Group one putting their careers first and foremost. Then of course you have group two starting a family sometimes as young as 16 years old. You might ask what this has to do with moving.

Everyone needs a roof to reside under, food and a job to pay for this.

Group one tends to focus on how much money they can make as quickly as possible neglecting to set some long-term goals. For generations Successful people have created some of their wealth simply by choosing to own a home rather than renting an apartment. We all know It does cost money to move. At the end of a lease many tenants move only to contribute to another land-lords financial gain. The Somewhat Forgotten or Misunderstood American Dream Still Exists! A few years back many heard their elders complain about real estate. They got caught up in bad timing and found themselves upside down with a house purchase or more often a refinance they made.

The truth of the matter is over any ten-year time period, if a home was not refinanced to pull out equity the vast majority showed considerable profits. I myself own some rental property. More than once I Have had a potential renter buy a home instead of renting my property.

I remember one gentleman in particular.

He was looking at my home for rent because the place he rented for over 15 years was put on the market for sale. He found himself between a rock and a hard place and dreaded the idea of moving. Long story short is he was not aware of a no money down program for home buyers. He now owns the property he paid rent on for many years. The price of the home he lived in for years was twice as much as it was when he moved in. When we do the math what he paid in rent for all those years would have paid for the place.

Group One: Stop wasting your money and invest in a home.

OK Now we have group two which is a little more of a challenging situation. Being young and raising a child can be very overwhelming in itself. You have to keep a roof overhead, food, child care etc. The bottom line comes down to. If you are holding down a job to provide the money for rent that keeps going up. you may find that you qualify for a low or no money down home loan program. Better than that the mortgage does not go up eating away at your raises like rent does. You don’t have to move because a landlord raises the rent or does not renew a lease. You can paint the walls whatever color you choose. You can say yes to that child of yours begging you for a pet.

We suggest you Choose one of our Howard Hanna Team Agents and discuss your home buyer options.

The Choose A Home Team At Howard Hanna

Open House For Realtors Not Buyers