Managing expectations is a key to a successful real estate transaction and more importantly to enjoying your life. Why do I say this?

Yesterday I had a wonderful day. It went according to my plan. I mowed the lawn and applied my late fall/winter fertilizer application. I spent time on my blog site, Active Rain. I completed the sermon I was to give today and last night Lorie and I went to Salad Works for supper. The evening was capped off clothes shopping, something I dread, but was quite successful. The only downer was watching my Iowa Hawkeyes lose to Michigan State Spartans.Managing Expectations – A Key to a Successful and Happy Real Estate Transaction (Life)

In thinking through why I enjoyed yesterday so much, I realized the day met my expectations or even exceeded them. How does that occur in a real estate transaction? If you are buying or selling property, it is important to have your expectations set according to realistic outcomes. What is a realistic selling price for the home you have for sale or desire to buy? I have worked with sellers who did not have realistic expectations on the selling price. Comparable sales did not seem to sway them and their opinion of what their home was worth. I have also worked with buyers who seem to think the only good buy is one where they actually steal the property from the seller. A successful real estate transaction requires the buyer and seller to have realistic expectations.

It is also important to manage your expectations when buying a home. What can you afford? Are you comfortable with the payments you will have for the home you would like to buy? What amenities would you like and is it realistic to believe you will get them at the price point you can afford? These questions highlight the importance of getting preapproved by a qualified lender. It is also important to learn about the real estate market from a good real estate agent. Having realistic expectations is an important step in having a successful real estate transaction.

Give me a call if you want to learn more about the real estate market.

 

 

Living in Lancaster Group

 

An agent who places your interests as his first priority. 
Cal Yoder

Your Homes for Sale in Lancaster Agent

Keller Williams Realty Lancaster

1630 Manheim Pike

Lancaster, PA 17601

Office Phone: 717-735-1145

Cell Phone: 717-413-0744

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10 Comments on Managing Expectations – A Key to a Successful and Happy Real Estate Transaction (Life)

NOV
13
2011
874,761 Points 48 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Another key in managing expectations is to explain the inspection process so that they know to expect things that are wrong with a house. They are not looking for a perfect home. Such a home does not exist! They are making sure that there are no crazy surprises that they have to deal with. Great post!
4:00pm • #1
477,249 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Joni, so true. Helping buyers know what to expect throughout the entire transaction is so important. Thanks for your insights.

Cal
4:37pm • #2
918,279 Points 80 Featured Posts Localism Sponsor Called Shot Master

I enjoyed your post Cal! When a buyer wants to lowball an already well-priced property, it is almost sure they will not be successful and an informed buyer will take the prize. Even though some buyers may already know this, it is good to talk it over before the offer is made and time is wasted.
9:03pm • #3
1,114,707 Points 101 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Oh Cal... I have visions of the next time someone gives me poor service of rolling my eyes and saying "well that didn't meet my minimum expectations"  Perhaps when I call AT&T tomorrow... got a bill... it is wrong.

 
9:22pm • #4
NOV
14
2011
477,249 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Wanda, spoken like the expert you are!

Cal
5:46am • #5
477,249 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Ugh Tammy. This is the saga which never seems to end! Best of luck!

Cal
5:47am • #6
377,518 Points 17 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Cal,

No truer words have ever been spoken.  You have to manage expectations effectively in this business or you can lose a lot of clients and spin your wheels along the way.

Lisa
9:22am • #7
878,908 Points 10 Featured Posts Outside Blog

Cal - You Said  "It is also important to manage your expectations when buying a home" 

how true and how often we see expectations that are unmatched by abilitry to pay.
2:23pm • #8
477,249 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Lisa, I find I am as much a psychologist as any thing else.

Cal
5:16pm • #9
477,249 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kathy, Oh yes. The expectation of paying for the home and sometimes the home search process helps buyers come to their senses or else they must be cut loose.

Cal
5:19pm • #10


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Homes For Sale in Lancaster PA - Cal Yoder 717.413.0744

Lititz, PA

More about me…

Keller Williams Realty Lancaster

Address: 1630 Manheim Pike, Lancaster, PA, 17601

Office Phone: (717) 735-1145

Cell Phone: (717) 723-9014

Email Me

Author Bio: Specialities of Cal include listing properties and successfully selling them. He does this well through fantastic marketing and an exceptional ability to price a property correctly. He has a thorough knowledge of the marketplace because he produces market reports monthly. He represents first time home buyers very well because of his patience and communicaton skills. First time buyers rely upon his steady demeanor and tough resolve. Because of Cal's success in investment property he possesses the ability to assess real estate as an investment. This includes rentals and flips in Lancaster City and Lititz, PA area.



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