BC Cloutier on market challenges for buyers.
The down market in real estate was so long lived that a large portion of current buyers and sellers have never experienced the flip side. Rising markets, however, can and do present situations and conditions that create equally disturbing experiences for participants.
The constantly rising prices and multiple offers characteristic of a hot market require buyers to be extremely well organized -- including a written statement documenting intentions, wishes, budget, and vision. Today, that doesn’t necessarily involve pen and paper -- but the list must be available to be read and re-read on demand, especially when an unexpected twist or opportunity presents itself. Google Drive is just one of the many technologies one can employ to not only store such lists, but for revising them as circumstances change. And change they will.
A few of the items in your written New Home Plan include:
Maximum distances to work, play, worship, and shopping. This should preclude falling in love with a property you’ll grow to resent because “it’s in the middle of nowhere.”
The kind of surroundings necessary to maintain (or change) your lifestyle. Perhaps with the kids on the way to college, schools are a lesser priority while a gym or great restaurants become more important.
The amount of involvement (or lack thereof) in house-related projects you are willing to take part in. If you’ve never been keen on mowing the lawn, spending your Saturdays on a riding mower may not last as the delight it appears to be in the wake of an agent’s suggestion that a five-acre estate “would be perfect for you.”
This isn’t an exhaustive list -- but you get the point. Maintain your original intentions through the hunting and decision process. That’s not to say goals and intentions are set in concrete -- they are not.
However, changes should be made in the context of your plan going in -- weighed carefully vis-a-vis any new conditions, items, locations, and market conditions.
Having a written list of that Plan A will be invaluable in keeping you on the rails. Even if you do call it up on your smartphone or tablet!
Avoiding tickets in Florida: Our “Move Over” law requires drivers to vacate the lane closest to any emergency vehicle with flashing lights. That includes tow trucks and other recovery vechiles. If a lane change cannot be safely accomplished, state law requires a drop in speed of at least 20 miles per hour under the posted speed limit. Seat belts are required for the driver and each front seat passenger. Persons under 18 are required to use seat belts regardless of where seated. Children under 4 must travel in an approved child restraint. Credit AAA. Click here for a full digest of Florida laws and travel information.
This weekend (Nov 8-10) in Southwest Florida: Eagles music fans can enjoy a free concert of their favorite music at Sugden Regional Park this Saturday (9) from 5 to 10 pm. The Naples Film Festival will screen nearly 40 movies at Silverspot Cinema through Sunday. Best ice cream evah? Royal Scoop -- the original location and where they make this fantastic treat! Just inside the northwesternmost corner of Collier County off Vanderbilt Drive. Nobody doesn’t love this place. Looking for something to do in the great outdoors? Here’s a link to 343 suggestions!