Keys to Home Buying Happiness, Reliable Sources

By
Managing Real Estate Broker with Keller Williams Bellevue 47538

I wrote Keys to Home Buying Happiness and listed 5 points that I thought would help a buyer navigate the market.   The 4th key is Don’t rely on false, misleading or uninformed sources.  

There are more sources of bad information than I can list here, but these are thKey to Happinesse most common.

Family and close friends.  When mom & dad bought the family home you grew up in, the market was a very different place. Even if they have bought and sold since then, conditions tend to change quickly and what might have been true even a couple years ago let alone decades ago, won’t be the same today.  Uncle Bob seems to know a lot, but unless licensed or recently in the same local market their advice needs to be politely considered and weighed against the market you are buying in now. 

Please, understand that YOU are the buyer, you will be living in the home and living with the choices you are going to make.  You may not be able to please all your family, or friends. Unless they are going to be making the payments for you, your views are the most important ones.

Please understand, I’m not saying don’t listen to these most trusted people in your life. I am saying consider whether they are offering the best possible advice in the active market right now.  As a buyer, you will have toured a number of homes. You have been watching the inventory on a regular basis and you know how fast or slow things are right now.  You are aware of homes you liked, the ones which were under contract before you could act and what some of them sold for.  Your family probably hasn’t been in the trenches with you and therefore, they are less informed about what it takes to be successful in the current environment.

Newspapers and the Media have another agenda. They sell advertising, not homes.  Exciting or unusual stories make the front page and get all the airtime, but…. are they reporting about the neighborhoods you are exporing, the price points you are considering at the current time that you are in the market?  It may be a Buyer’s or Seller’s market in one part of town, but that doesn’t mean it is where you are looking.  Take what you read or hear with a grain of salt and let’s discuss how it may impact your buying options. 

Websites are another form of media.  They have a separate agenda from helping you buy a great home at the best possible terms.  Most sell advertising to people like me. That’s how they get paid, not whether you actually buy or sell successfully.  Nobody from Zillow, Trulia, CoreLogic or other site that provides AVM’s (Automated Valuation Models) has actually toured your home or the homes you’re considering. Each has their own special algorithm or formula to compare sales reports through public data to the general information about a home.  These Estimates are NOT APPRAISALS.  They have no idea if a home is dramatically updated or in severe need of deferred maintenance.  The public information they rely on could be wrong and so their starting place is off.  They don’t know if it has a view, is under buzzing high tension power lines or on a very busy street.  Zillow says they are a “starting point” which is fine.  You can start there under one condition, you don’t stop there!

What can you rely on?  It would be easy to say, “me”, but I know trust is earned and should not come just because of a license.  Over time, as you work closely with your broker, weigh what we tell you against the other voices in your life, you become the expert in your process.  Keep the good, throw out the bad and learn from each experience along the way.  I’d be honored to be part of your process as I have been for many already. 

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Did you like this post?  Do you know someone else who might?  Do you know anyone who might benefit from our services?  Please pass this along to family or friends or contact us, we love to help.

Dan Tabit       206-310-8629    425-868-SOLD(7653)  DanTabit@Northstone.net

One stop Real Estate & Mortgage Services Serving Sammamish, Issaquah, Redmond, Bellevue, Mercer Island and the greater Seattle area.  

Comments (6)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dan, have had well-meanng parents completely derail a transaction where the kids SO wanted the home, and sad to see that happen.

Jan 20, 2018 07:20 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Yes there are these obstacles that we all face in this business, as far as I am concerned all good points but it all depends what the level of trust you can build early in the first hour... if you can not guess what you have to fight the various influences...one point at a time...Endre

Jan 20, 2018 09:54 PM
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Hi Joan, Parents usually mean well, but don't understand the current market.  Thanks for the comment. 

Hi Endre, Trust is earned. I often tell my clients "don't trust me, until I've demonstrated that I'm trustworthy" which I always strive to prove. 

 

Jan 27, 2018 04:13 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good reading for prospective home buyers.

Leave the uncle at home.

Jun 06, 2018 05:22 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Dan

This is a key post for home buyers. There is so much information out there and so much that is wrong, distorted and not helpful. Buyers sure have to be careful about the sources of their information and what to trust, versus not. A great agent is a terrific resource and a huge value-add to the buying process!

Jeff

Jun 09, 2018 08:01 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

I like this line:

Zillow says they are a “starting point” which is fine.  You can start there under one condition, you don’t stop there!

Sep 27, 2018 05:55 PM

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