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.
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 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!