Places to Find
Houses For Sale
Looking for a home can be fun. But it also can be exhausting. You
may have to look at many homes before you find the one you want.
Narrow your search by determining the price, location and specific
qualities you want. Tour as many houses as you need to find the one that makes you happy.
To find houses that meet your
requirements:
- Check Real Estate Ads
Friday and Sunday are the best days for finding real estate ads in newspapers.
The ads -- placed by developers, homeowners and real estate agents -- usually are arranged
by type of home and location. The information is limited, and the ad may not include a
picture. But real estate ads are a good place to start if you don't know what you want or
want to find several houses at once.
- Access the Multiple
Listing Service
The Multiple Listing Service (MLS), a database of homes for sale in a particular area,
lets you search for homes quickly by location, type, amenities and price. Because the
local Board of Realtors compiles the MLS, it contains only houses represented by agents,
and only real estate agents can access the service.
- Pick a Neighborhood and Drive Through It
If you know the neighborhood in which you want to buy, take a drive and look for
for-sale signs. The MLS database excludes houses for sale by owner, and they may be
difficult to identify in the newspaper.
- Talk to Friends
Friends and co-workers may know owners who are considering selling or have a
house on the market.
- Go to Open Houses
Many sellers and agents conduct open houses on Saturday and Sunday. You can walk
through an open house without setting up a formal tour with a real estate agent.
The home tour
Set up appointments with sellers or their agents once you've found houses to
investigate. Take a drive around the neighborhood and note the condition of neighboring
homes and the convenience to work, shopping and schools.
Feel free to ask questions when touring the home. The more
information you can get during the tour, the better position you will be in when you make
an offer and negotiate. Be prepared to make an offer soon after touring the house if you
think it is a hot property. You're competing with other buyers for good deals, and a house
in good condition at a reasonable price may go quickly in a seller's market. Some
questions that can help you determine if a quick bid is wise:
- Time on the market. You may have more time to make
an offer if the house has been on the market for a month or more.
- Price. A house priced lower than similar houses is
likely to go quickly. A low price could also mean the house is in bad shape.
- Previous offers. Owners of popular houses often
receive two or more offers. You may be able to make a better offer if the seller hasn't
already accepted a bid.
Take your time if you believe a property isn't likely to sell
quickly. Feel free to visit a house more than once to make sure it's the right one. Once
you make an offer and it's accepted, you are legally bound to buy the house unless an
unexpected problem arises, such as an unfavorable inspection or failure to secure
financing.