How Not To Lose The Home Of Your Dreams

Here’s a situation we see all the time. After looking at a ton of homes, a buyer finally finds one they really like. I mean they just love everything about it. Instead of writing an offer though, they decide to wait and end up losing out on the home.

THIS ALMOST HAPPENED TO ME

When my wife Amy and I bought our current home 10 years ago, we knew from the moment we walked in that it was the perfect home for us. However, being the conservative person that I am, I didn’t want to write an offer right away. I usually take my time making major decisions and wanted to wait a few days. I also knew the home had been on the market for a while and assumed it would still be available.

Amy, on the other hand, insisted that we write an offer immediately as she didn’t want to lose the home. After much debate, I decided to give in and listen to my wife’s instincts.  It turns out that had we not acted as quickly as we did, we would have lost the home as another offer came in less than an hour after ours was accepted. We absolutely love our home and have made great friends throughout our neighborhood. We couldn’t imagine what our life would be like had we not bought this home.

FEAR CAUSES INACTION

Most buyers approach the home buying process in a similar fashion. They look at all the homes in their price range and identify the nicest one. They are convinced that particular home is the best and by far offers the most value based on the price. But instead of moving forward, they wait, just like I wanted to do, and often lose out.  So why does this happen?

We believe fear plays a huge factor, and understandably so. Buying a home is a major commitment, one not to be taken lightly. Buyers don’t want to make a wrong decision and some, like me, prefer to take their time and not rush into anything. The problem with this is that other buyers are looking at the exact same homes and if you find one you like, your competition will probably feel the same way.

HERE’S SOME HELPFUL ADVICE

If you find a home you really like, ask yourself this question:  how would you feel if  someone else bought that home?

If you are ok with that, then it probably wasn’t the right home for you. However, if the thought of someone else buying that home would greatly upset you, then you need to immediately write an offer, regardless of how long it’s been on the market.

 

If you are seriously looking to buy a home, I’ll leave you with a famous quote: “ he who hesitates is lost”.  – source unknown

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About The Author

The above information pertaining to Cleveland Real Estate News was provided by Dan Schuman of The Schuman Team – Howard Hanna.  Dan is an Accredited Luxury Home Specialist and can be reached at 216-346-3235 or via email,  danschuman@howardhanna.com.

We service the following Cleveland area suburbs: Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.

How Not To Lose The Home Of Your Dreams is the property of The Schuman Team and may not be duplicated or used without their written consent. ©June,2011

2 Responses to How Not To Lose The Home Of Your Dreams
  1. East Bay Homes
    June 16, 2011 | 2:03 pm

    Great article! I always tell my clients to take their time and think about the home and neighborhood they want. But when they see it – jump on it!

    It’s like seeing a pretty girl at a dance – she won’t be sitting there forever, and once she is gone, you will have a heck of a time getting her out of your head!
    East Bay Homes recently posted..Are Walnut Creek Bank Owned Homes Really a Good Deal

    • Dan Schuman
      June 16, 2011 | 4:56 pm

      Thanks for commenting, Bob, and nice analogy.

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