My blog has moved! Redirecting...

You should be automatically redirected. If not, visit http://rosskaplan.com and update your bookmarks.

Monday, July 13, 2009

"Like at First Sight"

How Many Showings?

Determing the right number of showings before making a purchase decision is a bit like asking, "how many dates before you get engaged?"

In both cases, the right answer is: 'until you know it's the right one' (house or person).

Some lucky Buyers know from the first instant they walk through the door (yes, there's "housing love at first sight"); others are more deliberative, and need several showings to be sure that they're making the right decision.

However, most Buyers will typically view a home 2-3 times before making an offer -- after having toured, in person (vs. online) 10-15 homes previously.

"4th Time Isn't the Charm"

From experience, the first showing is usually about "emotionally connecting" with the home; subsequent showings are about making sure that the home's size, floor plan, etc. are a good fit, and that the home's condition is as billed (the inspection focuses exclusively on that question).

Of course, every rule has exceptions.

For example, Buyers contemplating major changes, or tackling a home that needs serious renovation, may take longer to "get their arms around" things like feasibility, budgets, upside potential, etc.

However, absent those factors, lingering ambivalence after multiple showings can be a sign to move on.

In house hunting -- unlike life generally -- the fourth showing usually isn't the charm.

No comments: