Keys to Home Buying Happiness, Expectations.

I wrote Keys to Home Buying Happiness and listed 5 points that I thought would help a buyer navigate the market.  The first key is Setting Realistic Expectations.

We are all guilty of wanting a little bit more than what we can comfortably afford. It’s human nature to think we might be able to get our dream house at a bargain price, but realistically we need to work through a process of adjusting our expectations to the market until our budget allows us to do otherwise.

I encourage a 3 list process; Non-Negotiables, Negotiables, Ideals. 

The Non-Negotiables can be whatever you want them to be.  These are the items that if everything else were perfect, you’d still not pursue the house if they were missing or present.  Each buyer gets to figure out what these are for themselves, but I often make suggestions.  Examples are you must be in this school district or you won't live in that school district. 

Negotiables are items you’d like to have, but if everything else were perfect, you’d live without.  Sometimes the presence of enough negotiable items, can make some buyers reconsider some non-negotiables, but that is always up to them. 

Ideals are the items that would be great to have, but within your budget, location and other restraints you aren’t expecting.  If I know what these are and I see a home that contains a few of your ideals, I can pass them along for your consideration.  An example might be you want to be within a certain city limits or school district as a non-negotiable.  An ideal would be waterfront.  If we find a home that is outside your location limitations, but has other factors and is also meeting this ideal, wouldn’t you like to be the one to decide? 

As the process unfolds all of these criteria are subject to change.  I fully expect and encourage that.  If you don’t start with one set of goals however you never know how close you might get to hitting them. 

 

Did you like this post?  Do you know someone else who might?  Do you know anyone who might benefit from our services?  Please pass this along to family or friends or contact us, we love to help.

Dan Tabit       206-310-8629    425-868-SOLD(7653)  DanTabit@Northstone.net

One stop Real Estate & Mortgage Services Serving Sammamish, Issaquah, Redmond, Bellevue, Mercer Island and the greater Seattle area.  

Comment balloon 6 commentsDan Tabit • June 10 2016 01:00PM

Comments

Dan

Buyers should look at your tips . . . . to help them in the home buying process.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 1 year ago

Dan Tabit 

Very good tips. Nice way to look at things. Have a wonderful weekend.

Posted by Alan Kirkpatrick, Alan in Austin (Austin Texas Homes) over 1 year ago

Good morning Dan. You list makes great sense, if these items can be understood by prospective buyers, then they can get to the finish line that much quicker.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 1 year ago

Setting realistic expectations and follow through is the best route to take.

You make great points too! I like it!

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) over 1 year ago

Good post Dan Tabit  Setting a list of "must-haves", "would like to have" and "would be nice" items makes the home buying process go more smoothly! 

Posted by Lisa Von Domek, ....Experience Isn't Expensive.... It's Priceless! (Lisa Von Domek & Associates LLC Team) over 1 year ago

Smart idea - it's important to give buyers a realistic view of what they can and can't afford.

Posted by Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Hallmark Realtors) over 1 year ago

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