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Buying a Car is NOT like Buying a House here are 5 Reasons Why

By
Real Estate Agent with Coldwell Banker Brokers of the Valley CalBRE 01885132 /01996450

I'm on the hunt for a new vehicle and I thought hmmm what are the differences and similarities between the process in buying a house and buying a car...

 

1.  When car shopping or house shopping you can start both of your searches online. The great thing about shopping online is you quickly find out what you can't afford (Okay maybe that's not so great). You start clicking those options:

 

                   CAR                                                               HOUSE

 
  1. Moon Roof                                                                  1.   Sky lights
  2. Leather Seats                                                               2.   Wood Floors
  3. Navigation System                                                      3.   New HVAC

Okay you get the picture, once you start clicking away the things that you like the higher the price gets.

 

2.  The Difference Supply.  When you find a vehicle model you like and can afford there are usually multiple vehicles available that you can select from.   When you find a house that you like you better grab it, most homes are unique (even track, development homes can have differences in upgrades, floor plans, color schemes, condition and location.) 

 

3.  Another Difference The Sales Agent.  Buying a home you really should stick with one agent. This gives you your greatest advantage.  Real Estate Sales Agent isn't trying to steer you in one particular home, they can show you every home even ones listed with other agencies.  This gives a Buyer an open non-biased evaluation on all homes. A car sales agent can only show you the cars under their umbrella and cannot give you a true evaluation on other companies models. Bottom line the car sales agent is working for the car company and a Real Estate Sales Agent is working for the Buyer. 

 

4.  Different Negotiations Techniques.  Sticker price on a car or on a home may or may not be the price a person pays for the home.  Depending on condition, demand and agents skills a home may be purchased for higher or lower than the sticker price. There is also many phases to the negotiations there is the first stage to get an offer accepted then more times than not there is the negotiation after inspections and appraisal.   Purchasing a car the sticker price is usually negotiated down depending on the clients credit score, financing, and negotiation skills.  

 

5. So basically, I've concluded that really the only similarity is online searching enabling Buyers to get a more realistic idea on what they'd have to spend to get the vehicle or home of the dreams. Everything else is very different. My suggestion would be that a new job is created, that of The Car Negotiator.  This Negotiator  could go to different dealerships with you give you non-biased information on all the models you are interested in.  Even selecting models for you that suit your needs. This Car Negotiator would do all the searching, listen to your needs, wants and stick within your budget no matter how long it would take...and you wouldn't have to pay him...the Car Dealership would!!!   Wow now wouldn't that be something. 

 

Napa Valley Realtor Giselle Lampe

Giselle Lampe

707-266-8086

Glampe@CBnapavalley.com

www.BuyNapaValley.com 

Realtor (R) CAL BRE# 01885132

Watch my video 

 Coldwell Banker Brokers of the Valley

1775 Lincoln Avenue, Napa CA 94558

 

Posted by

Giselle Lampe

www.BuyNapaValley.com

 

Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Giselle, this is a great post and congratulations on your feature!  So many home buyers do not take advantage of a dedicated buyer's agent who can find a client the best home available and represent their interests the entire way through the transaction!

 

May 15, 2015 03:45 AM
Raoul Loustaunau
EXP REALTY - Phoenix, AZ
urhomefinder.com myvaluetoday.com

very nice article giselle , hope you have a nice weekend and a super second half of the month

May 15, 2015 03:49 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

Thank you Catherine, yes it's funny how we get that comparison thrown at us all the time but really how different they are. 

May 15, 2015 03:59 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

Thanks again Bruce yes buyers really should use buyers agent services

 

May 15, 2015 03:59 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

Thank you Raoul hope you do too :)

May 15, 2015 03:59 AM
The Julie Morales Team
RE/MAX Cinco Ranch - Katy, TX
Real Estate Questions? Call (832) 367-3412

Really insightful! I feel like Real Estate agents really look out for your best needs because you correct, he/she is working for you. While a car sales agent is working for the company.

May 15, 2015 04:01 AM
Nancy Lamb
Home Smart LifeStyles - Fountain Hills, AZ
& Loving AZ Team-Fountain Hills AZ

This is a refreshing look at the two major purchases we make in our lifetimes. Well done in an enjoyable comparison!

May 15, 2015 05:12 AM
Jerry Lucas
ABC Legal Docs LLC - Colorado Springs, CO
Notary Training, Consulting. Colorado Springs, CO

I am a happy Subaru owner.  Very reliable, long life, low maintenance.  If Subaru sold houses, I would buy one.

May 15, 2015 05:53 AM
Karen Winters, Berkshire Hathaway HomeServices KoenigRubloff
Berkshire Hathaway HomeServices Koenig Rubloff Realty Group - Chicago, IL - Chicago, IL
Chicago, IL

I've tried to explain using retail stores as examples--that a clerk from one store is not going to go down the street to help you select an item of clothing from another store, but I can show any home from any brokerage.  

I think your analogy, (using 2 more expensive purchases), is easier for the consumer to visualize and compare. 

May 15, 2015 06:08 AM
Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

Lots of cars and houses cost about the same thing. House you can live in Forever but will need repairs along the way. Cars don't seem to last forever without repairs either.

May 15, 2015 06:09 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

ha, ha Jerry that's precious I like your brand loyolty. I am actually thinking about the Lexus NX 300h it's a Lexus crossover that is a hybrid so averaging 35 miles to the gallon is music to my ears, but the price tag on the Acura RDX at 27 miles per gallon is a lot more wallet friendly.

May 15, 2015 06:10 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

Thank you Julie I appreciate the feedback

 

May 15, 2015 06:11 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

Thank you Nancy and Karen.

Karen I think retail works too, but using a more expensive purchase tends to have similar mental value to a consumer as having more importance. 

May 15, 2015 06:12 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

Hi Bill 

Thank you for the comment.  Cost of luxury cars here runs around $50-$180,000k cost of houses here runs $500-$5,000,0000 here so there is a value difference besides repairs. However the importance someone puts behind a home purchase and an expensive vehicle purchase tends to have similar trains of thought (Of course more behind the home but greater than any other retail purchase). 

May 15, 2015 06:15 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Giselle Lampe - and we do lot more for our clients - lot more than car negotiators.... 

May 15, 2015 02:57 PM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Richfuscious say...Forked tongue not found in Real Estate...only car estate

May 15, 2015 11:34 PM
Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Giselle, you forgot to mention that real estate agents wear plaid more sparingly than used car salesmen, and for good reason!

 

May 16, 2015 03:21 AM
Dan Dee McGinnis The Pumpkin Man
HomeSmart - Phoenix, AZ
The Pumpkin Man

Giselle

very good post thank you I enjoyed it.

May 17, 2015 09:37 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

 Bruce you crack me up!!!!

May 18, 2015 02:58 AM
Jerry & Giselle Lampe
Coldwell Banker Brokers of the Valley - Napa, CA
Lampe & Lampe Napa Valley Realtors

Thank you for commenting Dan Dee :) 

May 18, 2015 02:58 AM