Your Guide to Open Houses in NSW
28th February, 2025
Attending open houses is an essential step in the property-buying process. For many buyers, it’s an opportunity to experience a home firsthand before committing to a purchase. Most purchasers typically attend 15-20 open homes before they find the right one. With that in mind, knowing what to look for and the right questions to ask can ensure you find the right property for your needs.
Below is a guide to help you make the most of visits to your open houses.
Before Attending an Open House
Preparing for open houses is key. Start by registering your details with the agent before the event. This allows the agent to expect your visit and helps build a connection. Aim to arrive on time, preferably at the start of the open house, so you can take your time to inspect the property thoroughly.
Before attending, create a list of your “must-haves” and “nice-to-haves” in a home. This will help you stay focused and avoid being distracted by features that don’t align with your priorities.
Considerations During the Viewing
- Condition of the Property
Look for signs of wear and tear, such as cracks in walls, water damage, or structural issues. Pay attention to the roof, windows, and floors, as these can be costly to repair. - Plumbing and Electrical Systems
Test taps and light switches, and check water pressure to make sure the plumbing and electrical systems are in good condition. These systems can be expensive to fix if faulty. - Noise Levels
Spend time in different areas of the home to get a feel for the noise levels. Are there any disruptions from traffic or neighbours that might affect your quality of life? - Natural Light and Ventilation
Ensure the home has adequate natural light and ventilation, especially in areas like the kitchen and bathrooms, where moisture buildup can lead to problems. - Storage Space
Assess closets, cupboards, and any additional storage areas. A home with sufficient storage can make a big difference in your day-to-day comfort.
Questions to Ask the Agent
In addition to your observations, you can ask the agent key questions about the property:
- Why is the property being sold?
- Has the property been renovated?
- How long has the property been on the market?
- Are there any known issues with the property or land?
- Has the property been affected by flooding or other natural events?
These questions will help you understand the history of the property and identify any potential issues.
Pre-Approval
If you’ve already secured pre-approval for a loan, it’s important to inform the agent early on. Mentioning your pre-approval shows the agent that you’re a serious buyer and ready to move forward quickly if you find the right property.
However, there’s no need to disclose the exact amount of your pre-approval unless you’re specifically asked. Agents may ask for this information when you’re ready to make an offer, but for now, simply stating that you’re pre-approved lets the agent know you’re financially prepared.
After the Open House
If you’re interested in making an offer, contact the agent promptly to express your interest. If financing is required, get in touch with your lender or broker to secure the necessary funding before proceeding.
At Bangalow Conveyancing, we specialise in conveyancing and offer expert advice throughout the home-buying process. We ensure all legal matters are handled efficiently, so you can focus on finding the perfect property.
If you found the information in this blog post helpful, check out our other regularly updated blog posts.
