The Trade Off in a Real Estate Purchase

By
Real Estate Agent with RE/MAX Executive Realty, Al and Cal Realty Group S-96414
http://actvra.in/4LYy

The Trade Off in a Real Estate Purchase

I think of trade offs as the exchange of one thing for another and its just part of life.   We do it all the time with out thinking, but for some reason, when it comes to a real estate purchase some buyers hit the brakes.  

During this real estate career of 25 years, I do believe that every person making a real estate purchase makes a trade off.   While one might think that a very high end buyer will end up with every thing they desire in a home, they too make trade offs.  Even when custom designing and building a property one might have to make a decision between something that will result in a trade off.   Could be placement or elevation of the home.   Anything, but usually something.  scales

Why does this matter?    When beginning a home search, your buyers agent will ask you a series of questions designed to help them help you find the right property.     By the way, these questions may be asked all at once or subtlety throughout conversations.   Regardless, your agent will end up having a very good idea of what your desires are and they will move your search in that direction.   

Your perfect home might contain 2 full baths or be located in a tree lined, side walked subdivision, or you might have to have an acre of land.    

Experience tells me that the perfect home in your mind, regardless of price range, rarely exists.  

If you enter into the home buying process with a rigid mind set on what you will consider as your next home you may miss out on something that will really end up being perfect for you.   No one, especially your agent wants that to happen.   

Be mindful of what is really important and what is not negotiable for you.     Make sure those must have's are really that.  

I can not tell you how many homes I have sold after asking the buyer to "just humor me" and come look at this one.   Being a bit more flexible, will open the market up to more choices and just one of those might be the "one".   

Please don't miss understand,

I am not advocating settling for something you don't want, rather, just being open to a trade off here or there.  

 

_________________________________________________      

About the author

Carol-Ann PalmieriCarol-Ann Palmieri, a full time Real Estate professional in Massachusetts for the past 24 years along with Al Mussi have helped hundreds of families find, sell or purchase new places to live.

A former US Marine, she grew up in Walpole, MA...  is committed to the serving the community through various volunteer opportunities.   She attended MA Bay Community and Suffolk University and is committed to constantly updating her Real Estate education. 

Licensed in MA and RI...

Al and Cal's primary areas of service Franklin, Bellingham, Medway, Millis, Medfield, Norfolk, Wrentham, Plainville, Blackstone, Walpole, Milford, Holliston, Hopkinton, Mansfield, and Foxboro, North Attleboro, Hopedale, Mendon, Millville but have resourses to help anyone, anywhere....

Her mission....  To exceed your expectations!

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Rainmaker
3,771,692
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Carol Ann..... you're right....there are always trade offs....people need to compromise unless they have deep pockets and will be custom building exactly what they want.

Aug 12, 2012 09:16 PM #1
Rainmaker
972,927
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales a

Great point Cal, the perfect home is usually not exactly what the buyer first had in mind when beginning their search.

Aug 12, 2012 10:27 PM #2
Rainmaker
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Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Carol Ann: Once the dust clears, many of the must-haves end up becoming nice-to-haves that the buyer can and does do without. 

Aug 12, 2012 10:41 PM #3
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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

I've had buyers in the 60-80k price range come with a laundry list of demands. Brick, three-bedroom, 2 full baths, new flooring, etc... Very quickly they get realistic or get gone.

Aug 12, 2012 11:35 PM #4
Rainmaker
301,997
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Barbara.    Compromise can be the key to finding the perfect match. 

 

Hi Al.   Once a buyer gets into a few homes, they decide quickly what is really important to them.

 

Hi Anita.  Exactly. Some take the must haves from what they think they should have.  

 

Hi Doug.    I have had a few buyers that want more than their money will buy! 

 

Thanks for reading and commenting.   Appreciate it and hope you all have a great night.

 

 

 

 

 

 

 

Aug 13, 2012 09:23 AM #5
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hey there Carol Ann,

 Agree. Agree. Often our buyers aren't exactly sure until they start "trying on" houses. Or, they try to force one to "fit."  It helps to have a professional and objective person guide them in decisions. We don't have the final say, but we are expected to give input - that IS our job. THis time around, I gave up a view for other important considerations - next time, the VIEW is back - something else will go. That's life. ;)

Aug 14, 2012 02:47 AM #6
Rainmaker
2,011,169
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Cal,

Another blog with really good advice I need to remember your great line about humor me.. There is no perfect home as you said.

Aug 14, 2012 03:45 AM #7
Rainmaker
1,643,094
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Carol Ann, it is so true..time & time again I say, take a chance that you might like it along with your partner & it works!

Aug 14, 2012 07:40 AM #8
Rainmaker
301,997
Carol-Ann Palmieri
RE/MAX Executive Realty, Al and Cal Realty Group - Franklin, MA
"Cal" the Real Estate Gal

Hi Debb.   So true.  The fact is they do have to "try on".    There are many buyers that come to me wanting an acre of land becuase that's what they think they should have, but in reality have not much of an idea of what the size means.   Thanks for checking in.

 

Hi Bob.   I use that all the time and buyers love it.   :)    I hope you are selling up a storm!

 

Hi Australia.   Thank you!

 

Hi Ginny.    That is the exciting thing about a house hunt.   

Aug 14, 2012 11:20 AM #9
Rainmaker
2,011,169
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Cal,

Just checking back on this really good blog and it should have been featured. Yes I have your perfect line about humor me already for the right moment.

Aug 15, 2012 08:28 AM #10
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Cal gal - dropping back in to see if this did get featured...I'm with Bob...#11

Aug 21, 2012 04:44 AM #11
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks Carol Ann, a lot of good things happen when you keep an open mind, you might not find the exact home you described, but you might find something even better.

Sep 02, 2012 06:39 AM #12
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Carol-Ann Palmieri

"Cal" the Real Estate Gal
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