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If You're Engaged To Be Married You Don't Sign Up For A Dating Service - Right?

By
Industry Observer

If you're engaged to be married, you don't sign up for a dating service - do you??  Same thing goes for your commitment to a house to buy - once you have looked at enough homes to know what you want and need, what's available in your price range, and which one stands out as the best choice and value for you, the next step is to make an offer on it.  And when that offer is accepted, you have made a promise to "marry" this house.  Your agent will help you include contingencies to protect you if something goes seriously wrong along the way - the inspection shows serious problems with the condition and the seller won't repair - maybe the engagement is off.  During title research, some unforeseen problem with the title is found, and can't be successfully resolved - yes, the engagement is off.  You are turned down for your mortgage loan or the appraisal comes in too low and can't be resolved - OK, the engagement is off.

But once you are beyond all of your contingencies with everything looking A-OK, and the sale is almost ready to close....DO NOT keep looking at new listings and wondering if you might like this one better... or if maybe that one is a better value.  Just don't do it.  Remember the old saying about how unwise it is to always think the grass might be greener on the other side of the fence.  And remember too, the part about having agreed to a legally binding contract to buy a particular house - a promise that the seller is assuming you made in good faith and intend to honor. 

Resist that urge to just peek at new listings on line or at open houses or anywhere else they might be - and remember why you decided the house you are buying is a great fit for you family, a great value - and just go pack!  (And live happily ever after!)

Posted by

                                                                           

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                        Showing Olympia - Let me show it to you!!

For Info on the Communities of Olympia, Lacey & Tumwater  WA and the real estate to be found here, just call me, text me, email me!  And I'd love for you to subscribe to my blog.

Nancy Conner, City Realty Inc,    360-701-1086     nancy@cityrealtyinc.net      

Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

Some people just help themselves doing this and it is maddening. It just confuses the issue.

Jul 01, 2011 06:19 AM
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

There are some who are always looking to upgrade to a better model. They'll never be satisfied. Great post and analogy.

Jul 01, 2011 07:24 AM
Anonymous
Anonymous

Nancy:  I'm working with someone right now that doesn't understand that enough is enough .. and that they have signed a contract.  A binding contract.  Long story, but they think they can still look and still re-write even tho they have committed by contract.  The ink is dry.  Enough is enough.  You make an excellent point with this post.  

Gene

Jul 01, 2011 07:46 AM
#36
Steve Thayer
The Thayer Group - Castle Rock, CO
- 2015 DERA Realtor of the Year

Great analogy!!!

Jul 01, 2011 07:54 AM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Oh my gosh - thanks for all the comments and I will be back soon to reply to each of you!!  :)

Jul 01, 2011 09:04 AM
Ridhi Raheja
Movement Mortgage (Illinois) - Naperville, IL
FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loan

 The internet has changed the game, but you are right . Once you find the house don't second guess your choice.

Jul 01, 2011 09:43 AM
Bruce Kunz
C21 Solid Gold Realty, Brick, NJ, 732-920-2100 - Howell, NJ
REALTOR®, Brick & Howell NJ Homes for Sale

Hi Nancy: Great analogy. It is odd how so many people do keep looking and it does cause problems...

Have a Great Weekend!

Jul 01, 2011 10:20 AM
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Nancy - The title of your post is eye-catching and the sentiment behind it is spot on.  Otherwise, what a great way to create buyers' remorse.

Jul 01, 2011 12:20 PM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Thank you Lottie - looks like you've got the magic "suggest button" touch!!

Hi Carla - and yes - "forever hold your peace" fits right in with the marriage/house buying theme!!

Hi Kristine - I encourage buyers to shop enough to be sure they are making an informed decision after seeing what their choices are - but then to keep looking seems like a recipe for never being satisfied.

Thanks Bob - and yes, the contingencies can legitimately cause a buyer to need to cancel the "engagement".

Thanks Deborah - yes the idea of appreciating what you have seems so important to being happy rather than forever seeking something else and then something else etc etc

Very true Cheryl -  marriage and divorce can certainly impact our business but I agree that the parallels in process or steps along the way are pretty strong.

HI Susan & Charlie - yes the person who forever looks for the "perfect" spouse or house is likely to be single and a renter!!

Jul 01, 2011 12:22 PM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Thanks Shannon - and yes - to continue "shopping" once you are engaged is just bad form!!

Hi Scott - interesting that you are seeing this occur too - I don't know if it has to do with the fears buyers have about the market so that they doubt themselves and their decisions more??

Hahaha Fernando - so that's the explanation - the buyers can't stand to end their relationship with their agent huh??

Thanks Mike - you have a great 4th too - and hopefully your buyers will settle in to close and stop looking!

Love it Mara - that house better NOT be cheating on them!

Hi Ellie - and yes, most often I see newlyweds who only have eyes for each other and buyers who are "in love" with the house they are buying - and that is really nice!!

Thanks St Cloud Homes & Land - and yep that commitment should mean - a commitment!

Margie - happy engagement and VERY happy wedding wishes to you!!!

Jul 01, 2011 12:30 PM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY

For some people the grass will always be greener.  I try to discourage this behavior but some buyers persist in it.  It really makes me tear my hair...

Jul 01, 2011 12:34 PM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Good advice Bryan about keeping track of the focus.  And I do think buyers worry about whether they are getting the best "deal" possible so that sometimes they lose focus.

Thanks Michael - and yes, if they don't understand the concept of having signed a legal contract, there can be some unpleasant consequences...

Hi Lina - oh those multiple offer scenarios are so tough since buyers can get caught up in the whole competition thing - and then have BIG second thoughts!

Thanks Leah - and I like your analogy in return about the need to work to make a marriage or home purchase the best it can be.

Hi Glenn - and yes I am all for looking and comparing - up until contingencies are done with and closing is only a few days away - then commitment to the choice already made is kinda nice!

Thanks Richie - I like your short and sweet - "Pick one & settle down" advice! 

Mitchell - sounds like you had a very wise mother - & it's great you can share her wisdom with your buyers!

Jul 01, 2011 12:39 PM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Oh Marianne - that is perfect!!  That greener grass sure does still need to be mowed!!  Thanks!

Thanks Susan - I'm glad you liked it.

Happy 4th to you too Suzanne - and guess we will just keep on repeating this to people who seem stuck on perpetual searching!

Hi Sherri - I have seldom had it happen - so when it did, it kind of threw me for a loop...

I like it Ray - you are way ahead of them and ready for anything!!

It is confusing Sandi - I think sometimes people second guess themselves to the point of complete paralysis.  No fun!

Hi Pamela - and yes the "forever looking for something better" syndrome.

Thanks Gene - and I hear your frustration and hope your clients stay steady!

Thank you Steve!!

Jul 01, 2011 12:47 PM
Yolanda Cordova-Gilbert
Richmond, TX

Nancy,

               I love the analogy it is a great one! So many home buyers get buyers remorse..how many times does it happen it is normal. Some people are shoppers and some are doers!

Jul 01, 2011 12:49 PM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Yes Ridhi - I think the trouble with second guessing is that it can be an endless thing (and not very much fun).

Thanks Bruce - and you have a great weekend too - we are supposed to have great weather so hope they aren't kidding about that!

Hi Christine - and yes that dreaded buyers remorse can be gruesome!

Me too Ruthmarie - I guess the never satisfied thing is just so hard for me to understand that it does make me want to yank some hair out!!

Jul 01, 2011 12:52 PM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA

Yolanda - you are right - there are some who are just eternal shoppers!

Thanks Erica - and I get enjoying looking at listings - I do too!  Just harder to understand those who are looking because they might actually switch gears and buy something different once they have a purchase well under way on one house...  Sigh!

Jul 01, 2011 01:26 PM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Nancy, I really like your analogy! Everybody likes looking at houses, but there is a time to quit and focus on on the one you love!

Sharon

Jul 01, 2011 02:35 PM
Jonathan Dalton
Realty ONE Group - Glendale, AZ

That's one of the reasons why the automated listing updates end as soon as we're under contract.

 

 

Jul 01, 2011 02:37 PM
Evelyn Kennedy
Alain Pinel Realtors - Alameda, CA
Alameda, Real Estate, Alameda, CA

Nancy:

There are some buyers who will habitually look at open houses even if they are in contract to purchase a home.  Not good.  They should commit and forever hold their peace.

Jul 01, 2011 04:45 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

When I was much younger and dating, I realized that if a man didn't marry a woman after 2 years of dating, he never would. The same is true with buyers. If they don't commit after 60 houses, they probably have commitment issues.

Jul 01, 2011 05:30 PM