If you’re like many people, you’ve been to a few open houses around Orlando – and if you haven’t, it can’t hurt to go check one out. In fact, if a house you’re interested in buying has an open house, you should definitely check it out.
When you show up, listen to the Realtor® and other visitors. You’ll get plenty of information.
Here’s what to listen for.
3 Things to Listen for at an Open House
There are a few things that can clue you in better than a real estate listing can, including:
- “The owners are flexible on the price.”
- “This price is too high.”
- “Honey, this could be your home office.”
#1: “The owners are flexible on the price.”
When you hear the real estate agent holding the open house say “The owners are flexible on the price,” it’s a clear sign that you can offer less than what they’re asking and still have a great chance of being accepted. Look around and see if there are negotiation points, like the home needing new appliances or new carpet in the bedrooms – and if you find them, you know you have some things to bargain with.
#2: “This price is too high.”
While you may have already reached that conclusion yourself – especially if you’ve been house-hunting online and in person with your own Orlando Realtor® – it’s a good sign that you might want to look at other homes and not become too attached to this one (unless, of course, you’ve heard the Realtor say that the owners are flexible on the price; in that case, your own agent might encourage you to go ahead and make an offer).
Remember, though, that most homes are priced based on what buyers are willing to pay for other, similar homes in the same area. A price might seem a little high, but that could be what houses are going for there. Talk to your own agent to find out if he or she thinks the price is reasonable if you’re really interested in the home.
#3: “Honey, this could be your home office.”
What you’re seeing when you hear someone say, “Honey, this could be your home office” is really other potential buyers envisioning themselves living in the home. They’re most likely entertaining the idea of putting in an offer, and if you are, too, these people are going to be your competition.
You don’t want to sleep on it if you’re really interested in the house. You should go back to your real estate agent’s office and start putting together your offer right then and there – because that’s what the other prospective buyers are going to do, too. Think about including a nice note that describes what you love about the home, and make sure your earnest money deposit is high enough that the seller can take your offer seriously.
Are You Buying a Home for Sale in Orlando?
If you’re looking for a new home for sale in Orlando, you’ll be happy to know that this community hosts dozens of fabulous events every month – there’s always something to do or see, especially around the holidays.
While you’re here, check out our:
- Apopka homes for sale
- Baldwin Park homes for sale
- College Park homes for sale
- Colonialtown homes for sale
- Phillips homes for sale
- Longwood homes for sale
- Orlando homes for sale
- Oviedo homes for sale
- Windermere homes for sale
- Winter Garden homes for sale
- Winter Park homes for sale