What Size are Your BIG GIRL/BOY Pants ?

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

   Lots of parts of the country are experiencing the markets tiny diaperRealtors dream of....Buyers everywhere not only willing AND able to pay what a property is worth...but more importantly...ABLE to do it !

     There are multiple offers...multiple counters,  over asking offers...grateful letters that accompany offers...rent back options for Sellers...and the  list continues for Buyers to be the ones chosen to get the house of their dreams.  Some Buyers are stuck in the times of a Buyer's market ....wearing their "liitle pants" and forgetting that one of the "interesting things" about real estate is that times, prices, conditions...change !  Choosing an arbitrary price, adding inclusions that were not part of the listing, insisting on a closing date, offering little earnest money....have Sellers thinking BIG Pantsthat they will say "Bye" and not give the Buyers their opportunity to "Buy" their property.    Everyone loses.

     To be prepared in today's market ...means  BIG Girl or BIG Boy pants are ON !   That means....

- A recent pre approval is in hand from a trusted lender who has a reputation for honoring closing dates and other deadlines established in a purchase contract

- Decide on your priorities...What are the features most important to you and give them priorties...the fireplace, attached garage, first floor laundry, finished lower level, formal dining room, a family and living room. What are you willing to update and what are "must haves".

- How flexible are you about a location ?  Is it your goal to be X minutes/miles from work, stay or move to a specific school district, Have a high walk score, be close to a relative's home, live with or without a home owner's association.

- Know ALL the costs included in the purchase of a home which will include property taxes as well as the mortgage...research the taxes in one location versus another...you may find some significant differences. 

- Be prepared to make a decision quickly !  Thinventory means that when ou snooze you lose...with fewer homes on the market if you do not choose to thinkermake the house you just saw for the first time today...your home...it may well be that by the time you finish your thought process...someone else will ! 

  - Choose an agent who is experienced and knowledgable not only about the area,...but the mechanical aspects of the house...the warning signs that may be present that the emotional experience of buying camoflagues while you imagine spending holidays in the living room and ignore the water in the basement and the roof that needs replacement.

     Be ready, be willing, be able to make a decision ....this purchase will be part of your memories for a lifetime...it represents one of the largest investments you will make in your life...Do your homework, have a great agent as an advisor....and Enjoy !  Put on those pants that are the right size for you...Big enough to get you the house of your dreams. Knowledge is power...It builds confidence in your decision to make good choices.

     IF you or anyone you know is ready to make a decision to Sell or Buy real estate in southeastern Wisconsin...Call the Hansons...we are honored to be of service.

 

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainmaker
3,609,256
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Sally and David. I love your title and pictures but your focus is accurate and really true.

Mar 05, 2016 09:48 PM #1
Rainmaker
70,005
Darin Henderson
Holland Realty Services - Gladstone, MO
Guiding You Home

Great post reflecting how markets do change.

Mar 05, 2016 09:56 PM #2
Ambassador
3,983,049
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Wise advise in any market. Hope you have a lovely Sunday.

Mar 05, 2016 10:05 PM #3
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Most of the time I have my big boy pants on, but for other reasons. 

Mar 05, 2016 10:16 PM #4
Rainer
138,489
Chrissi Chapman Topoleski
Re/Max Real Estate Connections - Haymarket, VA
HOME~There is no place like it!

An honest, on point post about the reality of the market today. Love the pictures and title.

Mar 05, 2016 10:32 PM #5
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Sally.  Some buyers and buyer's agents think this is still 2012.  Good blog.

Mar 05, 2016 11:46 PM #6
Rainmaker
3,000,672
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Well said, i am seeing multiple offers on my new listings and those buyers that lose out are usualy the ones not prepared Sally K. & David L. Hanson 

Mar 05, 2016 11:59 PM #7
Ambassador
3,874,729
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Sally and David- you are so right.  The market has and will always change.  Right now, buyers need to be ready to step up to the plate if they're ready to buy a  home. 

Mar 06, 2016 03:42 AM #8
Rainmaker
1,543,485
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Sally K. & David L. Hanson Not to deviate from your topic of discussion, but one of the photos was not of pants. That was a parachute!

Mar 06, 2016 05:58 AM #9
Ambassador
3,803,473
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David there is a big difference between a Buyers and Sellers Market, and Buyers need a good experienced Realtor explain the difference to them and provide them with the advice they need.

Mar 06, 2016 10:15 AM #10
Rainmaker
4,797,361
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Sally and David.  Love the analogy.  Let's see if those pants fit?  

Mar 06, 2016 07:48 PM #11
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
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