Fish Or Get Off The Yacht - Make A Decision

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

 When buying a home, there are many questions.

Ask away but be ready to make a decision.

When you are looking to purchase, make sure you want the house. Contracts are legally binding, and this is not the time to be wishy-washy.

When accepting your offer, the seller takes it off the market, starts packing, hires a moving company, and all the myriad things that go into preparing the family.

Have you talked to anyone who has had a house under contract, and there is buyer remorse? It can be devastating.

They have trusted you, your agent, and your legally binding offer.

 

For sure, check it out. Buying and selling a home is not to be taken lightly. Do your research, ask tons of questions about the neighborhood, the schools, the commute, HVAC age, roof, condition, previous updates, and maintenance costs. Ask anything to answer your concerns. Some are questions you can find out before you even see a house. 

Make an offer, check your dates, and have a substantial deposit and your financing in place. The listing agent will talk to the lender and call the title company to ensure your EMD is good before your inspections.

But it would help if you made sure this is the final decision. There comes a time when you have to fish or get off the yacht.

 

Make sure you hire the best-experienced Realtor® and professionals you trust and have enough confidence to guide and address your concerns. 

But there comes a time when you, the buyer, must make a decision. There is a time to stop asking the immediate world their opinion of what you want to do.  Because...almost everyone who has lived in a house somehow becomes the "expert" and is ready and willing to give advice. These experts may include friends, neighbors, barbers, retired or unsuccessful real estate agents, babysitters, parents, and in-laws. 

When this questioning becomes excessive, I use the term analysis paralysis.

In a seller's market, your chances of winning the house under these circumstances are not favorable.

 Of course, you have to protect yourself with the guidance of an excellent professional agent—making demands or renegotiating after the contract is signed can and probably will backfire.

And remember, your history, along with your agent's history, follows you. 

Ask the other agent how long they have been working with you, have they made previous offers, and why they didn't move forward.  Agents know their areas, inventories, colleagues,  when a property falls through, and the reasons. Word travels. As an agent, you do not want to get a reputation for being difficult or unreasonable. The Realtor® can make and break deals.

So go ahead, do your research, ask your questions, get the information, but it is time to decide!

Thinking about buying or selling a home

Call Margaret Rome

Margaret Rome

 

 

 

 

Comments (22)

Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

One of the most critical parts of the process ~ "Make sure you hire the best-experienced REALTOR®"

Nov 28, 2021 03:29 AM
Margaret Rome Baltimore 410-530-2400

Good to see you, Buzz Mackintosh 

Nov 29, 2021 06:25 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Margaret - decisiveness along with having reasonable expectations can help buyers "win" in real estate.  

Nov 28, 2021 03:32 AM
Margaret Rome Baltimore 410-530-2400

Michael Jacobs, You have such a way with words..."decisiveness along with having reasonable expectations can help buyers "win" in real estate.''  

Nov 29, 2021 06:29 PM
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Great advice Margaret! Hope you had a great thanksgiving!

For sure, check it out. Buying and selling a home is not to be taken lightly. Do your research, ask tons of questions about the neighborhood, the schools, the commute, HVAC age, roof, condition, previous updates, and maintenance costs. 

Nov 28, 2021 04:22 AM
Margaret Rome Baltimore 410-530-2400

Sham Reddy CRS,


Always love it when you stop by!

Nov 29, 2021 06:31 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good mornign Margaret. When you choose your agent and the agent educates you on the processs, you are prepared to fish when you board the yacht. Enjoy your day.

Nov 28, 2021 04:45 AM
Margaret Rome Baltimore 410-530-2400

Wayne Martin What a great comment!

Nov 29, 2021 06:32 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I doubt I will ever have a yacht to get on or off and I don't like fishing, but I sure do enjoy the sound advice that you always give!

Nov 28, 2021 04:48 AM
Margaret Rome Baltimore 410-530-2400

Hi Brian England, Such a cute comment. Thanks so much!

Nov 29, 2021 06:33 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Yes, analysis paralysis is what I call it also! Buyers need to make sure they want that specific house, and once they do, they have to move forward without delay. Especially in a seller's market.

Enjoy your Sunday!

 

Nov 28, 2021 04:48 AM
Margaret Rome Baltimore 410-530-2400

Kat Palmiotti, I am thankful that there have only been a few buyers that exhibit analysis paralysis. But they are unforgettable!

Nov 29, 2021 06:36 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Prospective home buyers are in very good hands when they seek your professional real estate advice and assistance.

Nov 28, 2021 04:54 AM
Margaret Rome Baltimore 410-530-2400

Thank you, Roy Kelley 

Nov 29, 2021 06:36 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I was told a long time ago that the decision to buy or not to buy is among the greatest causes of stress that one will encounter. And yet, the decision to buy the home that will house us or our family for years to come is almost always looked back upon as a good decision.

Nov 28, 2021 08:45 AM
Margaret Rome Baltimore 410-530-2400

John Juarez, I have seen this stress many times both with buyers and sellers.

Nov 29, 2021 06:38 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

With the type of market we have had for almost 2 years now, that hesitant buyer would not only get frustrated for their situation but may also have gone through a few agents as well who don't have the patience to wait for them to fish.

Nov 28, 2021 09:31 AM
Margaret Rome Baltimore 410-530-2400

Ed Silva, I have met these hesitant buyers and their agents, yes plural!

Nov 29, 2021 06:40 PM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Margaret,
Analysis paralysis is a real thing. I second what Jim Paulson said.

Nov 28, 2021 10:46 AM
Margaret Rome Baltimore 410-530-2400

Carol Williams And I also like the quote by Jim Paulson  "If you choose not to decide, you still have made a choice."

Nov 29, 2021 06:42 PM
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Those are all very good reasons why a buyer should seek you out for guidance and expertise in buying a home!  Great, thought provoking post!

Nov 28, 2021 11:44 AM
Margaret Rome Baltimore 410-530-2400

Jan Green, Having a few of these buyers in the past makes good fodder for posting.

Nov 29, 2021 06:44 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Margaret it is amazing how many people will listen to Uncle Charlie who bought a couple of houses in the past, in stead of listening to the professionals who have hundreds of transactions.  Uncle Charlie has blown up more than one deal for me.

Nov 28, 2021 01:48 PM
Margaret Rome Baltimore 410-530-2400

Oh, George Souto , if only there were one Uncle Charlie!  It's the numerous others they ask for advice. They can't make the decision, and everyone suffers. 

Nov 29, 2021 06:48 PM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

I am seeing quite a few buyers who want to shotgun offers to everyone. I let them know that we need to focus on the home they LOVE and make the best offer we possibly can on it. The one you get the "best deal" on might have issues you didn't bargain for.

Nov 29, 2021 07:58 AM
Margaret Rome Baltimore 410-530-2400

Jeffrey DiMuria 321.223.6253 Waves Realty, Shotgun offers sound horrendous. Are they using the same Realtor® for these other offers?

Nov 29, 2021 06:52 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Alarm bells, warnings, and sirens go off in these types of scenarios. 

Margaret Rome Baltimore 410-530-2400 has been in the business long enough to help her clients calm their nerves because when it comes to preparing her clients beforehand, she is very thorough and proficient. 

Nov 29, 2021 06:18 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Thank you so much Patricia Feager, MBA, CRS, GRI,MRP, It is so important to train and prepare our clients! And then remind them of the turbulence that can go along with a sale.

Nov 29, 2021 06:54 PM
Dorte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Margaret,

There are few people who regret buying a house, but many who regret not buying a house. The critical question is: are there things you cannot change and cannot live with? Ugly wallpaper, the wrong stove, overgrown bushes can all be fixed. Being outside your kid's school district cannot. Pick your fight about the important stuff.

Nov 29, 2021 08:24 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Love your comment, Dorte Engel.

Right now, I have a ready buyer who says, find her a house, and she will be happy to fix ugly.

Nov 29, 2021 08:29 PM
Dorte Engel

Those types of buyers are far and few between these days. Few people have the patience of vision to improve their not-so-perfect homes to their liking.

Nov 30, 2021 12:19 PM
Margaret Rome Baltimore 410-530-2400

And Dorte Engel, houses are also few and far between in their price range.

Nov 30, 2021 05:09 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Margaret:

Buying a home entails numerous decisions, and often quick ones. Some buyers are just not ready to be decisive, or perhaps aren't in general anyway. It can be the kiss of death, especially in this competive fast-moving market. You can usually tell who really is ready to make decisions and who is not.

Jeff

Nov 29, 2021 08:35 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Jeff Dowler, CRS I  so agree:

Some buyers are just not ready to be decisive, or perhaps aren't in general anyway." 

Nov 30, 2021 05:12 PM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Yes indeed - like the old saying "Put a dime in the phone or get out of the booth"

Dec 02, 2021 10:22 AM