I'm on a plane heading to New York for a meeting with some of the best and the brightest in the Real Estate world (at least in New York)
It's a red eye flight and everyone around me is resting, some even snoring, and here I sit posting a blog. What can I say...sometimes the most random things inspire me!
I don't have my headset on and currently playing is "The Time Travelers Wife". It's a movie that I had planned on seeing, but somehow never made it to the theatre to catch.
I'm looking up at the screen periodically and get the gist of the movie but what I don't have are the details. For example, why does he always disappear? Does he have control of it and how long he'll be gone? Why does he do it? Does his wife finally get tired of? Why did she sign up for it to begin with?
That is the relevant information that I should have before making a decision on whether I like it or not. Seems logical.
But let's say that I don't bother to watch it with the headset and decide to jump to conclusions and create my own storyline. While there is an art to creating something from almost nothing, this is also the way that many rumors get started.
You arrive home from the market and you see a "For Sale" sign on your neighbors yard....what do you do next? Do you call one of your neighbors and ask if they know what's going on...or do you call and give them an explanation on what YOU think happened?
This is something you should consider if you are looking to buy or sell a home. Allowing people that are not in Real Estate to advise you on:
When is the perfect time to buy/sell, what to offer, how much to ask for, asking the agent to kick in their commission check, looking for the best buy, work with many agents to see who gets you the best deal. In the end, this will do you more harm than good.
I bring this up because I know a lot of Monday morning quarterbacks. You know what I'm talking about. The ones that would have won the game if....
Without a professional Real Estate agent to represent YOU, you can expect to waste your time, writing low ball offers not aware of what the current local market is doing. If you're looking to sell your home, looking on Zillow is a good start, BUT it's still not an accurate portrayal as to what is REALLY going on in the neighborhood. For example, a home on a cul de sac will generally sell for more than a home that is on the corner of a freeway on ramp.
You'll probably be told that REO's (bank owned properties), short sales and foreclosures are the way to go...when in truth, that may not be the way for YOU to go. Time constraints (these can take anywhere from 3-9 months to actually materialize) condition of the home and price are all factors to consider. If it takes too long, what happens to your loan? The interest rate? Your payment?
I'm not saying to hire the first Agent you speak with. Interview several. Get a sense of who they are (Google them if you need to) and then move forward.
I wouldn't represent myself in court or perform open heart surgery on myself...I also would not represent myself in a Real Estate transaction...
Why would you?