Escrows and engagements have much in common. Both are promises to make a long term commitment IF certain criteria can be mutually agreed upon. Like engagements, escrows are more easily dismantled before the deed is signed and the property (or person) is legally your home or life mate.
Houses have character flaws just as humans do. Sometimes they can be cleverly disguised and not discovered for years. Often, they are in plain sight but the love for the good and positive features outweighs the burden of overcoming (or learning to live with) the flaws. No house or human is perfect.
After months of playing the real estate dating game of viewing house after house with no obligation to settle down, a house (or spouse) suddenly says, "This is the one." Things change and negotiations with real dollars replace daydreaming about what ifs. Sure, it's emotional, and it is in your best interest to be represented by an agent that is not emotionally invested in the purchase.
As you proceed down the purchase path, imagine how the house will look without the makeup of perfect staging. Look beneath the surface. A professional home inspection with reveal the inner workings of all systems in the house. If the electrical is faulty now is the time to discover what's behind those designer outlet covers. There's nothing romantic about plumbing problems and the inspection phase is the time to discover if the furnace heats and the air conditioner cools. Is the property in compliance with the local codes and are all structures permitted? Find the answers to all your questions before you decide to commit for the long haul.
Sometimes there will be obstacles you cannot overcome, and it may be time to cut your losses and walk away. I must admit I've never had a client say, "Remember that house with all the issues we almost purchased? I'm so sorry we did not buy it." Nope, that's never happened in my career.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.
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