Relocate to Wisconsin : Decisions...Be a "Know it All..."

->Part 2 - Decisions Decisions Decisions

  One of the most important factors in major decisions is gathering facts….and this is one of the most difficult for many ….agents, managers, buyers, sellers, investors…our own perceptions, experiences, prejudices, desires, often Color the decision making process…..here are some examples.

 Buyers

• Develop an emotional attachment to a house that has mega structural problems

• Are victims of “undue influence” rather than listen to the realtor…the parent, neighbor, friend, etc. becomes the expert based on their limited or perhaps out dated experience

• Belief in media trends may not apply to the area in which they choose live

• Not getting a GFE (Good Faith Estimate) and looking at only a part of the loan offered to them…i.e. just the interest rate…not closing costs, pre-payment penalties

• Wanting to believe lenders who promise the world but look only at income or supposed down payment or _____and don’t have all the information but promise low rates and quick closing.

Sellers

• The tax bill gives a fair market value or an assessed value…that must be the least amount of the list price when the home goes on the market

• Don’t update…even if it means a splash of fresh paint…removing old carpet to reveal hardwood floors…the new buyers will decorate as they choose; eye candy is a waste of money and time.

• Let the  inspector find the repairs…or sell “as is”…

• Putting more furniture in a house will show the prospective buyers how much it can hold

• The neighbor, the home equity lender, the repair cost, the appreciation, the money needed for the next house means the house HAS to sell for  $X

Agents

• The buyer, prospective seller told you they would call you if they_______ and then wrote an offer at an open house, took the neighbor’s recommendation for a listing agent…

• The buyer/seller says one thing in e-mail, another in voice mail – agent is supposed to decipher which is the “truth” or truth today

• Procuring Cause..sometimes subject to determination by boards who made up their minds without listening to the facts

• Management who knows the customer is always right…the agent should buy the ____ regardless of what the seller/buyer said, promised, wrote

   The list could probably stretch out into the blogosphere for miles…the very great point is no matter who you are in the transaction…personal or business decision…making a choice based upon PART  of the information….not knowing the history…what may have been said or done or promised or hidden can be detrimental to your…..budget, wallet, sale, purchase…Taking the time…keeping an open mind..not what you want to have happen…what you wish the outcome to be…but what ALL the facts really reveal is the best time you can spend…and may save time, money and stress in expecting something or making a choice that can be detrimental to your future in a variety of aspects. The choice you made will color a relationship…a purchase…a listing…be as much of a “Know It All” as you can…the rewards are priceless.