Looking At Houses is all about actually looking at houses. It is the fourth and final step in the Showings process.
The Looking At Houses process is shown below.
- Wear easy to remove shoes
- WARNING: Sellers can easily record audio (and video) of you while inside their home... don't say anything inside the home that you wouldn't say right in front of the Seller. This is especially true of offer price and strategy.
- Arrive 5 minutes early. Some Showing windows are very strict time ranges.
- There may be others present at the Showing.
- If Tenants are present, we typically will ask them questions about the property.
- Drive/walk around the neighborhood especially if you're interested in the property.
- Consider using the +/- system to make property notes.
- Meet the neighbors... tell them you're considering making an offer on the property and ask them how they like the neighborhood.
- What appliances are included? Which are excluded?
- What school district is this in?
- Is the AC included? What type of heat is used in the property?
- Where is the water disconnect located?
- What is the age and likely need to replace or update the major, expensive items like:
furnance, AC, roof, carpet, paint, hot water heater. You'll also check these during inspection.
- Where are the property lines?
- Is there adequate parking? Is it owned? Is there adequate garage spaces? Is it owned?
- What does the HOA cost? What is included?
- Is there anything from the current "Seller's Property Disclosure"?
- Is there anything from previous "Seller's Property Disclosure" from past sales?
- Where is the sewer cleanout?
- Are there smoke/CO detectors within 15 feet of each bedroom doorway?
- Does the house already have a radon mitigation system? Is it passive or active?
- Will you be having a property inspection (it is recommended)? Will you be testing for radon? Mold? Meth? Termiates? Sewer scope?
- If this is a condo, is it a warrantable or non-warrantable condo?
- What are the secret broker comments on the "MLS Sheet"?
- What due diligence documents are you going to want to see?
- Are there any additional documents provided by the Seller's agent in the MLS?
Once you've Looked At Houses you may be ready to Write an Offer.
Looking at Properties Classes
- Looking at Nomad™ Houses - Nomad™ 2017 Edition
- Looking at Nomad™ Houses – Nomad™ Investor Club Edition
- Looking at Profitable Investment Properties Tips and Tricks
IMPORTANT NOTE: This checklist is based on what I personally use with clients in Northern Colorado. Please rely on your local real estate agent for how it works in your local real estate market. This process will definitely vary in different States.