Buyers that are not confident with their home buying skills tend to rely on friends and family as their guide. Unless these people have a background in Real Estate or are licensed Inspectors or licensed Loan Officers then how can a Buyer place a lot of weight on their input? It now puts the Real Estate Agent in competition with everything these folks have to say. Additionally, the friends and family now try to be the heroes in the situation. They are looking for issues and problems even if they don't exist. We are now dealing with a new set of likes and dislikes....They also tend to not be up to date with the market in that specific area. They will add very general Real Estate trends that could be relevant in other states because they caught it on the news or they think what is going on in other parts of the state hold true for this area.
When I have worked with Home Buyers that bring family and friends into the equation it has negatively impacted the entire process. We now have other people with their own bad experiences and prejudices involved.
I worked with a young guy who brought his parents to every showing. I could always tell if the home would be eliminated because mom did not like something...I should have worked with his mom. His Loan Officer told me that the mother was involved in the loan process as well and did not know what she was doing.
When family and friends are added to the equation it totally changes the dynamics of the situation.
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