What Matters Most in Real World Real Estate: Your Health, Your Family
A Home that makes you happy–An experience that nurtures your soul!
Lately, I’ve been scrutinizing my profession more closely. You may know me already; I sell Real Estate and have been doing so for a long time. I’ve worked in Michigan for a large Coldwell Banker franchise and in the Pacific Northwest with Coldwell Banker-Bain as their Corporate Relocation Manager. I’ve helped to bring New Construction Projects to the market in Poulsbo Washington, sold Luxury Real Estate on Bainbridge Island, Equestrian Properties, Golf Course properties, farmland, waterfront, manufactured homes and have helped young families buy their first homes—essentially, I’ve had a very diverse and rewarding career. What I haven’t done lately is ask myself if I still enjoy what I do for a living. Right now the answer to that question seems to be rather fuzzy.
The market is changing very rapidly as online companies have taken a bite out of the traditional Real Estate Brokerage. Companies such as Zillow, Redfin and Trulia have changed the way in which valuations are communicated to the consumer and how services are sold. There seems to be a general mistrust, or should I say skepticism in the industry, related to the massive 2008 downturn, coupled with the notion “everyone’s an expert” in the real estate market. It appears all you need to do is go online to find out what your home or your neighbor’s home is worth.
When it comes to buying, selling, flipping, or investing in Real Estate there are so many approaches and so little time to figure it all out. We’re all afraid the next best thing–whether it’s your personal residence, an investment opportunity or a vacation home–will get away. It’s no wonder Buyers, Sellers and Brokers seem to be scrambling.
The possibilities as to why, appear endless and exhausting–leading to confusion and apathy. House hunting can be daunting at times with so much information and misinformation. The process once filled with enthusiasm and excitement is now filled with anxiety and skepticism. “Did we offer enough?” “Are we paying too much?” “Will there be another downturn?” “What does “waive inspections” really mean?” “What if the appraisal doesn’t come in high enough?” “What if I can’t make up the difference in cash?” “Will a mortgaged offer be competitive enough against a cash buyer?” “Should I bother writing a contingent offer?” With all this information floating around out there it’s difficult to figure out where to fit in. There remain some basic facts I know still hold true: Choose a Broker you personally feel comfortable talking with and trust.
- Listen to your gut; if it doesn’t feel right it probably isn’t right for YOU. This is not to say it isn’t right for someone else.
- If you lose a home or two or three in the bidding process, take a break; hold on and keep your wits about you.
- Don’t overpay and don’t waive your basic rights of an inspection, an appraisal, a title report.
- Try to keep your budget for purchasing your home realistic–Buy what you can afford, and if necessary, rent if you need to until the right home for your needs and budget comes along.
- If it’s too good to be true, it probably is. Follow your instinct and don’t get pushed into doing what you feel exceeds your limits both emotionally and financially. Ask yourself, “Would I let my son, daughter, mother, or father enter into this transaction?” If the answer is no, then step back and smell the roses…in someone else’s yard for now. 🙂
Stay tuned…. I have more to share.
“It’s amazing what you can accomplish if you do not care who get’s the credit.”
― Harry S. Truman