Jim Valentine on Real Estate
There is a lot to the process of buying and selling a home. Both parties go through a lot of the same steps getting ready to engage the market.
They spend a lot of time looking at other homes and comparing them to theirs, or the ones they are interested in if a buyer. Then there is assessing the condition of the homes, both the subjects of interest and their comparison properties.
With all of that done then they look at the overall market. Today, that is an interesting part of the process. In Northern Nevada there are some very diverse market segments that each have their own dynamics.
The mass media is putting out a lot of doom and gloom opinion pieces, but they don’t all relate to our regional economy and amenities. Regardless, buyers and sellers read that and often don’t consult their agent to validate or negate such opinions.
That aside, what is the process once you’ve invested the time to study the homes, the market, and your wants and needs. This is where it gets interesting for now you are at the moment of truth.
If you are making an offer, or evaluating an offer that you’ve received on your home listed for sale, sign now and you’ve made a commitment. That is, of course, what your objective has always been, but for some it can appear to be sudden when they are truly faced with a consequential action.
What do you do? We’ve seen many various action plans at this point. Most folks are ready, they just jump in and sign because they’ve done their work and are ready for the next phase. Others will want to pray on it.
Some take a moment together, others take an “overnight” time frame. A few call their attorney or accountant.
If family is assisting with some of the financing, then it is common to discuss the transaction with them before committing. Sellers have moving logistics to consider.
They may have structured an ideal scenario in their minds during their pre-listing and marketing process, but once an offer is received, they have real time frames and risks to evaluate depending on the content of the offer.
Sellers have more pressure on them as they have to plan on packing and moving, usually within the time frame provided for the close of escrow. Deliberating making or accepting an offer can lead to sleepless nights, forgetfulness, and other wonderful emotional symptoms. It is an emotional time as it is a lot of money and a long-term commitment.
You can minimize the emotional anxiety by making sure you’ve compared the offer at hand with your wants and needs list. What does it do for you?
If you accomplish your major goals, go for it! Yes, another better one may come along… operative word being “may.” Remember the benefits of a “bird in hand” while you contemplate the vision of “two in the bush.”
As you contemplate your action, remember that you are putting energy into the home and the universe is hearing you. That alone can open it up for others to find so don’t dally after you’ve decided it will work for you.
While Formula One car racing deals in hundredths of a second differences, sometimes getting, or not getting, a home bought or sold can be realized or lost in minutes. Make your decision and act without delay once you are sure of a course of action.
Do your advance work so you are ready when the moment of truth arrives. If you’ve prepared right, the decision will be comfortable, and you will make it with confidence. Your agent can help you with your preparation and perspective when you arrive at the “moment.”
When it comes to choosing professionals to assist you with your Real Estate needs… Experience is Priceless! Jim Valentine, License No. BS-03481, RE/MAX Gold Carson Valley 775-781-3704. dpwtigers@hotmail.com