Michael Bishop The Cooler Real Estate Agent
Howard Hanna 614-600-4554

Home buyer questions & answers #1-9

If you are thinking about buying a house, a home, a condo, twin single, duplex or investment property

FAQs. You probably have a lot of questions about everything involved. Questions are normal and you should make every effort to get the answers. Hopefully this site will answer a few!

On the various pages you'll find 200 to 300 different, common questions - asked and answered. I'll try to keep them loosely grouped together based on broad subjects.  Always remember there are great questions that sometimes cannot be answered specifically. There may be many variations to answers. Each variation can also be good. This will hopefully provide solid guidance.


     

Not AI.  This list is compiled, not by AI (artificial intelligence) but rather by an experienced real estate agent - Michael Bishop, The Cooler Real Estate Agent. There will be a string of pages within the site, covering various subjects and buyer topics and a few seller questions as well.

Hopefully it will put a dent in the current questions you might have, but there is literally an endless list of additional possible great questions. At the bottom of this page you'll find some suggestions on how to Get Started.  When you have a question not addressed here, feel free to call me, text me, or email the question to me. I'll do my best to answer those questions too. Believe me, there are some questions I will not know the answer to and other questions that aren't answerable! But ask away!

Three ways to get questions to me: Call 614-600-4554; or Text 614-600-4554; or Email: michaelbishop@howardhanna.com

Keep in mind - these are common questions and I will provide the best answer I am aware of but it doesn't mean it's the only answer. Or always the best answer. If for no other reason than, the answer can be different depending on the buyer, seller, lender, and other parties involved as well. 

Here is a list of common starter questions I've had prospective buyers ask over the past 20 years. #1-9, common starter questions:

 

 1.  I’m thinking about buying a home, what should I do first?

 

1. Great question. The most common answer is you need to talk to a lender and get pre-approved. I mostly agree; however, that's not any type of requirement. If you know your credit is good and your savings are sufficient, then you can likely pass on this initially. That doesn't mean you shouldn't get pre-approved early in the process. A pre-approval is needed sometimes in the early stages so you can make an offer, if the situation merits!

 2.  What are good second and third steps when getting started on the home buying process?

 

2.  Try to determine where you'd like to live: This might be a county, a specific city, it could be a zip code, a school district, or maybe as specific as a neighborhood or street. Find a local expert that helps you find properties and get you into see the ones you like - quickly. I'd recommend an agent that you can call, text, or email and they respond back- FAST. The market is slower (2024) but it is still quite competitive. If you miss out on seeing homes you like, because your agent is not available. Or your agent doesn't answer your phone call. Or your agent doesn't respond to text messages, or just is not getting you into see the properties. That agent is either too busy, or too unprofessional (my opinion),their failure to call back, text back, email you back can cause you to have "lost opportunities.  You don't want to say "I found a perfect property but my agent didn't answer; or we didn't get a chance to see it. Or my agent couldn't get me in for a few days and while we waited it sold to someone else."  That's not a professional, responsive agent. 

 3.  When can I go see homes or properties I like?

3.  8AM to 8PM for most. Generally, seven days a week. The homes tours, also called showings, are scheduled through a showing service which your agent can call and schedule, or go online and schedule. If there are a lot of showings requested (often the 1st day or 1st weekend) the times available can get booked up. Some properties allow showings to overlap. Others don't. Some require a minimum advance time notice. This can be minutes, hours or even days. Some for sale properties, if vacant, are called "go and show" which is realtor language for call and schedule, almost at will.

In some cases the listing agent is the one who schedules and approves the showings. There are a few where the seller is approving the schedule for showings.

In the majority of cases a confirmation is sent to the real estate agent - and a good way for you to know is for the agent to forward that confirmation to you as well. (which is the Michael Bishop, The Cooler Real Estate Agent's practice)

 4.  Can I view properties available, in person 24/7?

 

4.  Typically, even with vacant properties, the showing times will typically have to fall between 8 AM and 8PM. Some are more restrictive and a few may be more open on the schedule times. One issue is the newer electronic lockboxes (where the key is stored) also have some time limitations for when they operate. There are also occasions where the responsible party to be called, does not answer, or return phone calls, emails, or text messages. Obviously, those properties can be hard to see. 

 5.  What if me and my partner are on different schedules?

 5.  This can be challenging. The ideal way is for both to go together, but in the real world, sometimes this is difficult. I urge a buyer, or buyers to see the property ASAP. So the recommendation I give is to go ASAP, the norm.

If only one can go that is fine. If the first person (A) doesn't like the property - then the one who hasn't see it, generally says no need to schedule them in to see it. If person A, does like it, then a second showing can be scheduled ASAP for buyer two (B). Over the ~20 years in real estate - I've found when two are buying, then in almost 100% of those cases, both have to like the property and be in agreement about proceeding.

If your agent is not willing to do the extra work to make it happen - are they truly looking out for your interests? Buyers already have tough market conditions, so I would advise taking a view that the agent should be your ally. Working above and beyond to make the magic happen. If you are a committed buyer, shouldn't you also have a real estate agent committed to helping you? Whether that means showing a house, once, twice or even 3-4 times. A committed agent is a powerful ally in your quest to find your home!

 6.  What if I am searching remotely? Is there a way to see homes virtually?

 6.  This is another challenge for a buyer, when searching remotely. In most cases an agent truly committed to helping their buyer can request permission from the seller to view the property and share a Facetime tour.

Another method that can work is for the buyer's real estate agent to request permission to take a video and upload the video and share with the buyer(s). This has become a more widely used practice since COVID. But it still requires the owner & listing agent's consent.

I have used this method a few times with remote buyers, and I became aware of how effective it could be back in 2015, when I sold a 7,000 brick mansion in Ohio to a buyer from Tennessee. It was my own listing but once he saw the video, he came to Ohio viewed it in person and purchased the home. Video is powerful.

 7.  When touring homes or properties can I take pictures or a video if I really like it?  7.  No. If permission is given by the seller, or seller agent you can, but it is private property and you cannot take pictures or video without permission.
 8.  If I see and tour a home I love, is it ok to talk openly about while in the home?

8.  I'd advise a buyer NOT to talk openly about how much you like, or love the home… when in the property.

In many homes, there are listening devices used for normal home uses but they can also be open lines for listening. Remember the role of your buyer agent is, in part, to help you negotiate the best terms possible.

If the seller happens to here you comment like: "I love this home, I want it!" How motivated does that make the seller to negotiate? or come down on the price? or help with buyer fees? I recommend buyers hold (positive) comments until they get back outside. Also making sure they are away from a ring doorbell or other listening devices that can be listening outside. 

 9.  How do I find out about my credit score?

 

9.  There are many places you can check your credit for free, online. From comments I hear from lenders, these sites are helpful, but not generally comprehensive. I would encourage a buyer to start with one of these prior to beginning a formal loan application to purchase a home or property. Get a grasp of your overall creditworthiness, but then be prepared to start discussions with mortgage loan pro.

   

How to Get started: 

I want to buy a home, or condo; what should I do first? 


Talk to a lender, mortgage loan officer, loan originator:  A solid first first step can be to get in touch with a lender. Can be your local bank, credit union or one of the many local mortgage companies. Lenders, loan officers, loan originators, mortgage brokers, mortgage consultant, home lending advisor are common position descriptions. I have a few loaded into my site who have helped my clients in the past!

Casual searching. Another common step is to start browsing on one of the large home sale portals such as: Zillow, Realtor.com, Homes.com, Trulia, Redfin, and most brokerages, such as Howard Hanna (my broker), Re/Max, Coldwell Banker, Keller Williams and many more. Warning, as soon as you click in for more information; your info will be sent to one, or sometimes, several real estate agents and lenders. When this happens you often get barraged by phone calls, emails and text messages as they all want to earn your business.   

Tips on Zillow, Realtor.com, Homes.com and most others: these seem like great sites and they all have pluses for home shoppers. The downside  I hear from the 100's or 1,000's Ive worked with over the years is they all show, or display listings, that are not actually available or for sale. Here is the real estate agent recap: lets say there are 200 homes for sale in the general area where you want to live, that meet most of your specs (number of bedrooms, number of bathrooms, size, square footage etc) but if 110 are already in contract, or contingent, or pending. There really are 90 homes net that are for sale. It's not generally easy to discern which ones are for sale. So that is another factor that is not always ideal.

Always keep in mind if you have questions not covered here (and you will), you can always call 614-600-4554, and ask any question. You can also text your question to 614-600-4554. If you prefer to email, that works too at: michaelbishop@howardhanna.com! You are not obligated to anyone because you've asked questions. 

Previously A buyer was NOT required to sign an agreement to see, view or request a property tour. Now it is required. Here is a direct linki to the OH Div comments on the subject:  Ohio Division of Real Estate - re: buyer agreements required
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Michael Bishop The Cooler Real Estate Agent

The housing market is competitive.

With over 19 years in real estate, I will be your local advisor.

I help clients navigate the home buying and selling process. As a valued client, you'll receive:

• Information. Knowledge. Data. Stats. Facts. So you too become your own expert!

My my tools will help you gain needed expertise on the neighborhoods and local markets you like best!
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