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Do We Learn More About a Car Before Buying It Than We Do a Home?

By
Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

Do We Learn More About a Car Before Buying It Than We Do a Home?

Well there's a thought provoking question, and one that came to mind after I had purchased a new car last week.  Before deciding that the car I chose was right for me, the salesperson took me for a test ride.  I got to use the radio, navigation and test the car at various speeds.  We pulled over and I got to look at the trunk size, how the rear seats folded down and even test the sunroof.  I even paired my phone to it to test out the Bluetooth. 

Got me to thinking, what would be considered "test driving" a house?

Sure, Buyers will walk around the home for thirty minutes or more before they feel like this is IT.  And later they will have their home inspection.  But all in all, considering the amount of money being spent, there is very little time spent in the home before making a decision.

Would it make sense to stay in a home for a weekend before making the decision to buy?  Have a chance to make a few meals in the kitchen, live in the space, use the washer and dryer.  Doesn't that sound strange to even propose?  It may, but some builders have tried that tactic in Western Prince William County, VA.  In fact, one builder of Active Adult Condos would offer EXACTLY that in their new construction model to folks who were interested, but not quite "there" yet in their decision to make an offer.

In slower markets, this may be a good sales tactic.  Thankfully, for Northern Virginia Sellers looking to list their homes anytime in the near future, we are not in a slow market.  But it's an out of the box idea for the next time our market sees more inventory than Buyers. 

Comments(17)

Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

I do believe your post is completely correct. I often have the same thought about potential buyers especially because they go about buying a home almost backwards.

Mar 23, 2011 03:00 PM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Home is where the hearth is.

I've always thought that people spend more time researching a car, than they do when buying a car.  Bizzare, no?

Mar 23, 2011 03:01 PM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Chris Ann, a long time ago in a blog post I read about this idea of live in test drive a house. Might work if a seller agreed to it and it was a vacant house, but actually a pretty radical idea. I am sure it has been done before.

Mar 23, 2011 03:53 PM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Victor:  Walking through a home and seeing if it feels right is about what it amounts to once they narrow down location and price.

Alan:  I think they do.  And they stress far more over negotiating a car than a house.  It is totally strange.

Gary:  As I said, a builder here offered it and I thought it was a neat idea.  I think they did it at first because they found a lot of their buyers were relocating from out of state for a second residence close to the grandkids.  Bet this idea is popular in second home destinations.

Mar 23, 2011 04:09 PM
Kirsten Lindquist
Pacific Union International - Sonoma, CA
Realtor - Sonoma Wine Country

 

Chris Ann:  I've had a couple of clients stay in homes they were considering as a purchase.  In one case that overnight experience was the tipping point for them...they made an accepted offer and have been enjoying the property for years now.  It works!

Mar 23, 2011 05:26 PM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hi Chris Ann --- I remember a television show a few years back on HGTV -- I believe it was called Sleep on It.  Pretty much the same premise you described for a night or maybe a weekend.  It's an interesting concept -- not sure how it can relate to today's market though.

Mar 23, 2011 05:45 PM
Barbara Hensley
RE/MAX Properties - Rockwall, TX
Homes for Sale in Rockwall County, Texas

Hello Chris Ann, you are right on with this!  People do seem to spend more time test driving a car than looking at a home.  I have had clients make a buying decision in a few minutes.  Weird!!!

Mar 23, 2011 06:35 PM
Martha Brown
Long & Foster Real Estate, Inc., Annapolis MD 21403 - Annapolis, MD
Your Homes Around Annapolis Agent

It does make you stop and think doesn't it? I too remember taht TV show and for one am glad this is something that did not catch on around here. :0)

Mar 24, 2011 12:42 AM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

 One thing I suggest to my clients is that they drive through the neighborhood and or walk around before they make an offer.  It is often a chance to talk to the neighbors and get a feel for the "atmosphere" in the area before you make an offer. 

Mar 24, 2011 01:32 AM
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Chris, I've thought of this too but I can't see many homeowners vacating their home for a weekend unless they are paid to do it, lol. This is why buyers will go back to the home 3+ times to make sure before putting in an offer. I think we can take our time more with a car since it's right there and we have free reign with it.

Mar 24, 2011 02:01 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Kirsten:  I knew it had to be happening somewhere.  Glad it worked out for your buyers.

Michael:  Our Northern Virginia market is moving far too fast.  Homes have multiple offers in no time.

Barbara:  It is odd, but it's the way it is.

Martha:  I imagine if it ever did catch on, there would be even more trees sacrificed in the name of real estate.

 

Mar 24, 2011 04:40 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Cindy:  I love it when potential buyers talk to neighbors.  No one is as honest as a neighbor.

Valerie: It's an interesting concept, and one we can pull out if needed.  There are some markets were sellers will do almost anything to get their home sold.

Jackie:  I can see home owners doing it if they had someone who was serious, but not ready to commit contemplating it.  The cost for a hotel for a weekend vs. staying on the market a few more months....well...to me it's a no brainer if the market is looking like a ghost town.

Mar 24, 2011 04:43 AM
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

If I were the seller, I'd not permit it.  Too much liability.  There's been a gazillions of properties that have been sold and exchanged owners without this.  While a car may be test driven, no one is sleeping in it.

Mar 24, 2011 04:52 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Carla:  True enough.  And we do have to show proof of insurance before geting behind the wheel.

Mar 24, 2011 06:48 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Yeah, I probably spent more time negotiating my car purchase and checking out other dealers, cars, prices than most home buyers do. It took me more than a week to reach an agreement with the dealer. But I'm sorta against having buyers spend time in a home prior to closing. Too many things can go wrong, not to mention, they could change their minds -- time has a way of changing perception.

Mar 25, 2011 05:48 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Elizabeth:  I can certainly see the benefit, and downside of an overnight stay in a home.  I think it is much easier for a new construction builder to allow than a family doing a resale.

Mar 25, 2011 11:57 AM