Chino Hills Home Sales Advice

Seller Beware! You Like The Realtor You Interviewed But Do Other Realtors Like Them?

Caution Mr Seller, you just interviewed an agent and think that you really liked them. But before you hire them for the job, consider this. You like the Realtor you interviewed, but do other Realtors? Do other professionals within the industry, such as Escrow Agents, Attorneys, Pest Control, Home Inspectors, Appraisers, Lenders? You may ask yourself why this even matters. As a home seller, most of the time you are simply thinking about who you believe wold be able to sell your home the quickest and for the most money. While this is obviously a good place to begin your search, it should go deeper. Selling a home is truly a group collaboration. It becomes a collaboration because so many people must play an integral part it moving the transaction along successfully.

For instance, when the appraiser needs to ask your Realtor a few questions about the home, can the appraiser get a hold of your Realtor? Is Your Realtor good about returning phone calls and communication with other industry professionals? If your Realtors overall bedside manners with other industry professionals is sub par, word spreads like gangbusters amongst the Real Estate community. You as the consumer may never hear about it but rest assured, I have a list of Realtors who I try to steer clear of in every way. This is due to the fact that they are lacking in skills when it comes to working amongst their peers. Don’t get me wrong, if my buyer really wants the home that is listed by one of these Realtors, I will write up an offer for my buyer. However, that offer is written up and they are forewarned that my experience with this Realtor has shown that we could be in for a bumpy ride.

The moral here is do your homework and then possibly delve a little deeper. Ask for a few references not just from clients but from other industry professionals. It just could make the difference in a successful, hassle free transaction for you!

What every agent and home buyer must realize is that when we look at homes, there are three homes. There is the fantasy home for the buyer. This is the home that they REALLY want but cannot afford. Next, there is the home that the home buyer thinks they would be willing to settle on. This is the home that may still be somewhat out of reach but with a few tweaks could lie within reality. Lastly, there is the home that the buyer is truly qualified to buy.

One of the very first things that must be dealt with is the fact that most of the time the buyers wants do not match the buyers economic position currently. There is nothing wrong with this. In fact it is just basic human nature. But if we look at home buying as a process, then we know that we must walk before we can run.

Once a buyer has been pre-qualified then they know what price range of homes that they can buy. But it is also in this revelation that buyers often come to realize that the type of home they ultimately envision is not in their price range.

Many buyers believe that the remedy to this is to look at the homes they want and then hope that a seller will take thousands of dollars less than the list price. Quite typically this approach only leads to discontentment and frustration. You can get the home that you want but you must be wise in your approach.

This means that if a buyer really only wants a certain home but that home is out of their price range then the first option may be to wait and save more money for a home. The next option would be to attempt to place offers on the homes that you want but understand that looking at homes that are significantly beyond your price range is likely not going to be productive for you.

We can put in a lower offers and ask for other items but the truth is that you would have to be willing to put in offers on LOTS of homes and then see if any of them would be accepted. While this method tends to serve investors well, it is not generally the way the average homeowner wants to look for the home that they will want to live in.

The next method would be to figure out your five “must haves” and concentrate on attaining your “must have” features within your price range. Sometimes finding out that if we concentrate our efforts on the truly attainable items, we are likely to meet with success.