Intuition?

By
Real Estate Broker/Owner with Daytona Condo Realty, 386-405-4408

A friend from California makes his first trip to Florida. He flies to his son in Naples, finds a condo and puts it under contract.

And then he comes to us in Daytona to visit us. He did not call and ask for advice, which is surprising, but it is fine. At a dinner table, the whole purchase thing comes up and turns out our friend is stunningly naïve to the whole buying process. He can’t answer any question that we ask, he smiles, everything would be just fine, he relies on his agent.

Overall it seems like a pretty good condo and everything should be fine.

He goes back to to Californoa, a couple of days later we are on the phone, and, by the way, he canceled the contract…

Why?

There is no reasonable explanation. There is no unreasonable explanation, either. It is a lot of money, blah, blah, blah... As if it was less expensive when he signed the Contract.

The only thing – his intuition. He says that he relies on his intuition.

Hmm... 2 days ago he did not seem to have any intuition.

I feel bad for him. He would eventually come back to this idea again, but in Florida fast-changing market he would, probably, have to pay more for a similar condo, or compromise on size or location... I feel bad for the agent who spent time and did not deserve a nonchalant attitude...

I am puzzled. To me, intuition is when I know something so well, that I can decide without sitting and analyzing. It is experience, expertise, you name it.

So, while I can do it when talking about condos that I know well, I can't when it is not something I really know.

I have no intuition about cars, and, actually, about anything else, besides what I do for living…

If that intuition thing were really the case, he wouldn’t have signed the contract in the first place.

Where was his intuition then?
-------------------------------------------------------

I am a condo broker in Daytona Beach area, and in some places here I have intuition, of what I call the sixth sense. And I am afraid of "intuitive" buyers with 20/20 hindsight :)

Image by Julie Jordan Scott  via Flickr.com/creativecommons

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Ambassador
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I do have a sixth sense - regardless of my knowledge of the topic sometimes, Jon! I think it's the person with whom I am dealing that my gut raises the red flag about though!

Hope you have a fantastic week!

Apr 16, 2018 09:13 PM #1
Rainmaker
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Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Interesting. Is your friend normally a bit impulsive? It sounds like he thought it was a good idea, maybe making an offer on a whim, and then for whatever reason changing his mind. 

Apr 17, 2018 03:48 AM #2
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Sometimes people go against "their better judgement" and know it immediately . It can haunt them until they make things right (in their world) !!!

Apr 17, 2018 05:36 AM #3
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Debe Maxwell, CRS - interesting when you put it in psychological sphere...

Apr 17, 2018 06:11 AM #4
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Kat Palmiotti - doing it on a whim - this is exactly what stunned me. Was coming to Florida saying that we would talk about real estate, and then came having a signed contract making any conversation pretty useless at that point. Weird... I am afraid of such customers... You take them seriously and work, and they are not serious

Apr 17, 2018 06:15 AM #5
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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Michael J. Perry - you are very right

Apr 17, 2018 06:15 AM #6
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I think I have a little intuition, but when I read about your friend here, I get the sense that his agent didn't adequately educate him about the home buying process.  Otherwise, he would have had more knowledge about his transaction, and possibly wouldn't have backed away from it.

Apr 19, 2018 07:40 AM #7
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