Step 3: Viewing Homes

So now the fun begins…..You want to see some houses right? It will help to determine a list of criteria and rank them in order of importance. Items to consider are price range, area, bedrooms, baths, amenities, etc…). You will want to share your list of criteria with your Realtor so they can have a good understanding of what homes to look for. You will then be set up on the MLS (multiple listing service) search to receive notifications of any new homes for sale. This is the fastest and most reliable way to view any new listings as they hit the market.

What is the MLS? A multiple listing service (MLS) is a service used by a group of real estate brokers. They band together to create an MLS that allows each of them to see one another’s listings of properties for sale. Under this arrangement, both the listing and selling broker benefit by consolidating and sharing information, and by sharing commissions.

We also recommend and encourage the buyer to monitor sites like Realtor.com, Trulia, Zillow, etc… and then send the home info to your Realtor via email or text with any that you may be interested in.

How long does it take to get showings scheduled? Typically 24-48 hour notice is required to set up showings on an occupied home (to allow the owner proper notice to prep). At times, vacant homes can be viewed the same day if the agent’s and buyer’s schedule allows.

When you are walking through homes it is important to keep some items in mind:

  • Condition of the house (Age of roof, mechanicals, windows and foundation)
  • Review the Residential Property Disclosure Form (required by the state of Ohio to be filled out by the sellers to disclose any known defects with the home)
  • Neighborhood and location
  • Functionality of layout
  • School system (if applicable)

Once you have found the right house for you, the next step is to write an offer!

New Investment Property Information Guide