Getting the Most Out of Viewings (Part 1)
When planning to buy a property, it is important to conduct viewings of different properties available in your choice locations before deciding on the most suitable one. Usually you will need the service of an estate agent to make the viewing process easy for you.
Meanwhile, before deciding on which agent is best, you can use Manx Living to find your next property. Manx Living helps you to find out as much as you can about a property you like by displaying photographs as well as the local information available. This can help you to decide on a few properties before booking viewings with agents or vendors.
It is important to know that there are different types of viewings. Your viewing choice will determine if you will need an agent at all and the kind of agent or service you would need. Let’s check out the various types of viewing options available!
Different Types of Viewings
Direct Vendor Viewings:
- The vendor is the property owner and may want to conduct the viewing personally. If this is the case, it is important that you take pictures of certain areas so you can take a close look when you get back home.
- It is common to see vendors who are emotionally attached to their property. Such vendors may be on the lookout for someone who they think will appreciate their property the way they do. So, if you can make a good impression, it will help you with the negotiation of the property.
- Being shown around by the vendor gives you a good opportunity to ask pertinent questions, since they probably have the best knowledge of the property.
- Before leaving your home, prepare in advance how you can politely end the viewing in case you don’t like the property. This is important because vendor’s over-enthusiasm about their property may consume your time if you’re not careful.
- Conducting a viewing with an agent gives you a good opportunity to be blunt in your feedback about the property. The agent can then convey the feedback to the vendor in the most professional way possible.
- With an agent, you have the advantage of viewing more than one property at a go.
- If you conduct viewings with agents, you can gain useful knowledge about properties from their wealth of experience during the viewing sessions.
Open House Viewings:
- With this option, the property is made available for viewing within a given period of time. Anyone who is interested in buying the property can walk in and look around without being assisted.
- Most vendors prefer open house viewings due to the fact that they allow for competition between buyers. You should be careful in this situation so you don’t get carried away while trying to outbid your competitors.
- If you don’t like the property, it is easier to stop the viewing and walk away.