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Anxious To Be Patient

By
Real Estate Agent with Coldwell Banker Bain

I don't know about you, but I love patient, selective, thoughtful buyers.  I'd rather show dozens of homes before a purchase, than just one.  Am I nuts?  Isn't that a lot of work?  No, I'm not nuts, and yes, it is a lot of work.  I'm in business to work, and I'm paid fairly for it.

Like any real estate professional who has been working with buyers for a while, I've had my share of buyers who have purchased the first house I showed them.  It happens sometimes, and sometimes it's the right thing.  But it makes me nervous, and I strongly discourage it.

A large part of the reason I don't like it, especially for first time buyers, lies in how frequently I see buyers' selection priorities evolve through the process of looking at more properties, because they start without being able to imagine all the unexpected diversity that there is in the market at any given time.  They often eventually fall in love with characteristics that they didn't imagine would be available to them before they started looking.  First showing buyers forfeit that opportunity to test the resolve of their priorities against other potential priorities that they haven't yet imagined.

Occasionally, a buyer will fall in love with the first property they see, but continue looking diligently before ultimately coming back to buy the first property.  I think that's great.  That is a buyer who has tested their priorities and is a lot less likely to end up wishing later that they had bought something else.

I want to know that each buyer I have represented, without exception, has made the best choice at the right time for them.  The single biggest threat to that ideal is rushing into a purchase, for any reason.  My advice to buyers is always that it is better to miss out on a good deal, than to jump into a bad one. 

Maria Morton
Platinum Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

David, another way to help the buyer is to go and preview the properties before showing them.  I often do this for my buyers.  This enables me to narrow it down to the best 5 homes available for them. 

May 03, 2010 08:05 PM
David North
Coldwell Banker Bain - Duvall, WA
for a rewarding real estate experience

Maria, absolutely, I preview a lot for my clients as well.

May 03, 2010 08:13 PM
Ernie Steele
Lebanon, PA

David, this past Friday I had settlement with a buyer that first started looking almost 5 years ago...I knew all along it would be fruitful someday...When we walked in the door the first time at the home she bought she wasn't inside more than 5 feet and literally said "This is the one'...Enjoy the day!

May 03, 2010 09:57 PM
Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

I understand my clients goals I am thrilled if they buy the 1st home as it means I have done my homework.

May 03, 2010 11:29 PM
Glenn Roberts
Retired - Seattle, WA

I agree with you David. Unless a buyer has been going to open houses  (and a lot of them) on their own, I want to be sure that they are making a good decision and I only know that for sure if I get to see their reactions in several homes.

May 04, 2010 03:21 AM
John Thomas
E3 Green HOMES - Boulder, CO
EcoBroker, MSEE, MBA

Very good and wise advice David. If more people would take their time when they are in a hurry, then we'd have even more happy buyers!

May 04, 2010 12:05 PM