How many homes should you look at before making an offer? Recently I have read blogs about agents showing sixty or more homes before getting a purchase offer.
Although there is a large inventory of homes, and buyers have far more options there is really no need to look at an entire inventory before making a purchase.
So how can you avoid this trap?
1. Start the process off right by first having a consultation with the agent of your choice. The purpose of the meeting is to get an understanding of your need so that the selection of properties can be streamlined to avoid wasting time.
2. With a need assessment in hand your agent will then be able to setup searches for you that closely fit your needs. Working together you both can further narrow the list. With the help of virtual tours and video you can get a feel for the properties these two tools further help you both to be even more selective.
3. If you are using a buyer's agent, I mean an agent with whom you have a contract the agent in some cases will preview some of the properties; this will be especially true if you are from out of town and have limited time to look at properties.
Although there are no set rules as to how many homes you should be looking at before making an offer, I personally feel this is an achievable goal by looking at few homes. The key is; upfront do the need assessment.