Don't be a Self-Diagnosing Doctor or
Armchair Quarterback When
Buying and Financing Your Home
Hard to believe in this record-setting summer of intense heat, but yep ... NFL football camps are already back in session or starting soon.
Football came to mind when reading Carla Muss-Jacobs', (), recent re-blogging of an excellent post written by Debe Maxwell, ( Savvy + Company Real Estate), entitled, (Two of my very favorite real estate bloggers on ActiveRain.)
The post touched-upon the fact that more and more info and advice is available regarding home buying and mortgage financing than ever before, courtesy of the internet and social media. And because of that fact, professionals within our industry (whether in Will County, Chicagoland, or elsewhere across the nation) are finding that they are running into self-taught real estate "doctors" more often during home buying transactions.
What's a real estate "doctor", you ask? They are those potential home buying clients that think, because of all they have read and seen on the internet, that they're fully educated and capable of conducting their own real estate transaction and financing. They want to tell the professionals what to do. They want to perform or direct their own real estate-related "surgery".
Now it seems to me that these newly educated "doctors of real estate" often know a whole lot of "armchair quarterbacks" too. It never fails.
If you follow football, you know that an armchair quarterback is someone that will sit on the sidelines and second-guess all the plays. They think they can do better calling or executing the game. Or they're smarter, faster, tougher than the coaches or professionals playing the game. Never mind of course, that the last time they were in uniform or saw action was decades ago.
It's my belief that the game of football (just like real estate) has evolved over time. That the game we view now is quite different from the game we played or watched years ago. The modern player is faster, bigger. The game is much more demanding mentally. The physical challenges have grown. The stakes ... much higher.
Compare all those things mentioned above regarding football, to the act of buying and financing a home within the current market VS a home purchased and financed just 5 years ago. I think a lot of similarities can be drawn.
The act of buying a home within the current housing market ... and the process of financing that home, is definitely more mentally demanding than it used to be. Physically it's more stressful. And the stakes have vastly grown in the last few years too.
And just as an armchair quarterback play calling from their recliner really doesn't help their favorite team ... an armchair quarterback calling plays from the sidelines of a home search or throughout mortgage financing isn't helpful either. Especially if that "quarterback" hasn't bought a home in years.
Now I'm not advocating that home buyers not seek outside help or guidance during their home buying and mortgage financing experience. Not my intention at all. I believe that, especially for young, first-time home buyers ... the support and direction provided by parents or reliable sources can be particularly helpful and calming.
But the important message I took away from Debe Maxwell's post was:
Just as you wouldn't want a self-taught doctor performing your tonsillectomy surgery ... those entering the housing market or seeking mortgage financing, need to allow the professionals that are trained, educated, and experienced within the current housing market ... and mortgage lending ... to do what they are trained, educated, and experienced to do. What the professionals were chosen for in the first place.
Clients shouldn't be performing their own surgery. And armchair quarterbacking isn't healthy for them either.
Do yourself a big favor ... don't be a self-diagnosing doctor or listen to armchair quarterbacks when buying and financing your new home. I say, do your preliminary homework well. Ask your questions. Listen to the answers. Conduct your consultations. Form your game plan with your real estate and mortgage professionals. And then let them execute it.
The processes will go more smoothly. The results will be greater. You will be happier, if you just allow yourself to enjoy and reap the benefit of your real estate and mortgage professional's knowledge, experience, and expertise.
* Work with a mortgage lender with over 35+ years of experience and expertise available for your benefit. Contact me today. We'll talk. Set a game plan and get you started towards your home buying or refinancing goal.
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