What are the Odds?
You might be surprised ...
Years ago, our youngest son, John, worked as a caddy at the Olympia Fields Country Club located in Olympia Fields, IL.
One day, John is serving as a Fore Caddy during a round at Olympia. Out of nowhere, from somewhere in the middle of the course, comes this streaming shot that literally lands on his head. Not pretty, let me tell you.
John had already made a few quick trips to the doctor's office and Emergency Ward at the hospital during his short lifetime. All fairly typical little boy injuries. And we had taken them all somewhat in stride. But this little incident? It didn't even seem real ... or possible!
Now typically when his mom or I relate this story to someone, we get 2 reactions. The first is, "You're kidding!" And the second is, "What are the odds?"
Believe me. We did do some research about those "odds" AFTER this happened. But the only real answer we found reported that the chances of being "hit" on the golf course were somewhere between .001 and .01%. In other words, very small. But there our John was. Beating the "odds" and now sporting 7 stitches right smack down the middle of the top of his head.
Now ... you're probably wondering just WHY I'm telling you this story? Where is it going? And what does it have to do with mortgages or real estate?
I'm relating this story to prove a point about mortgage financing and buying a home. I believe knowing the story about my son's getting hit by a golf ball, including the "odds" of that occurring, can help better prepare you for both ... but also serve as somewhat of a warning.
Truth is, accidents and mistakes DO happen. My son still carries the proof and reminder of that on his head.
And it's also true that they can occur when everything possible has been possible to prevent them. They occur when everything has been planned-out, prepared for, and done correctly. Just as they had on the day John's little golf ball accident occurred.
Everything was running smoothly that day, right up to his getting "hit". All golfers were following golf course etiquette. The course was being played properly. The caddies were all in the correct positions and locations. Things just happened so quickly, that there was no stopping that little white ball from finding John's head. It's why it was called an accident.
#*$! happens ... even when the likelihood of it happening is only .001 to .01%.
The same goes for buying a home and mortgage processing. Everyone ... professionals and clients alike ... can be doing exactly what they're supposed to be doing. And #*$! can still happen. Especially true in the current housing market ... especially true in today's challenging mortgage process.
My advice for you should it occur during your transaction? Handle it like they do in an Emergency Ward ...
- Assess the injury or problem
- Take action to repair it
- Move on to the healing process
- Celebrate the re-newed health and the skills it took to restore it.
A problem or an "accident" doesn't have to mean the end of your home buying or mortgage transaction. Just like John's head, most problems and issues that arise can be mended.
The real question should be ... "How do you better your "odds" of success when buying a home or seeking mortgage financing?"
The answer is ... no professional or transaction will be perfect 100% of the time. But by seeking, then working with experienced, knowledgeable mortgage lenders and real estate professionals ... you dramatically increase the "odds" in your favor. Because then ... even if problems or "accidents" occur, "odds" are, they know how to address them, heal them, and return your transaction to health.
Put the "odds" strongly in your favor when financing and buying your home. Work with experienced, knowledgeable mortgage and real estate professionals ...
* Fore! ... excellent, experienced, and knowledgeable mortgage advice and service, please contact me. I'll put my 35+ years of mortgage experience to work on your behalf. I can be found at any of the following: