5 Unwritten Etiquette Rules Home Buyers Might Not Even Realize Are a Big Deal By Kayleigh Roberts Mar 13 2019

If you’re looking to buy a house, you’re probably eager and excited. That’s fine, but just keep in mind that in this heightened emotional state, it’s easy to get swept up in the moment and behave, well, not perfectly.

Buying a home comes with its own set of rules. Some may be fairly obvious, since they’re outlined in all that real estate paperwork you’ll soon be signing. But some of these rules are the unwritten, etiquette-based kind. And if you break ’em, it could still stop a real estate deal in its tracks.

Rule 1: See a house online you love? Don’t call the listing agent

• You’re not going to get a better deal by going directly to the listing agent.  They represent the seller and are just trying to get the seller the best price.  If you are a buyer, you should get an agent, as they can best represent your interests.

Rule 2: Don’t ask your agent to show you homes until you sign a buyer-broker agreement

• A buyer-broker agreement is a legal contract that defines the relationship between the buyer (that’s you) and your real estate agent. The agreement is good for both parties, since it outlines exactly what services the broker is going to provide. A buyer-broker agreement is also a way to let your real estate agent know that you’re committed to working with this pro to find your home.

Rule 3: Don’t make an offer without mortgage pre-approval

• A mortgage pre-approval is a letter from a lender saying it will provide you with financing to buy a home up to a certain loan amount. It provides proof of how much home you can afford to buyers and agents—and that you can put your money where your mouth is with an offer. Without it, your offer is an empty promise.

Rule 4: Don’t be late to home showings—or bail entirely

• If you’re late or don’t show, I have to try to rearrange all of the showings, which may not be possible on short notice.  Your time may be important, but what about your agent, the listing agent, and the homeowners who cleaned their house and have to leave it for your showing.  They will remember it when it comes time to negotiate your offer.

Rule 5: Don’t pretend you’re ready to buy if you know you’re really not.

• Don’t enlist the services of a buyer’s agent if you know you’re still in the fact-finding and “just looking” phase of your home search.  So go to open houses. Window-shop. Just be upfront with everyone about where you are in the process.

For more detailed information about the process go to bmre.us/tip16.