In the real estate world, buying and selling properties can be both stressful and worthwhile depends on how you will handle the situation. Just like in everything in this world nothing is perfect, so you have to be able to adapt to the things around you may it be good or bad. Your view and attitude towards the situation will define your actions specially your experience.
Ideally, the process of buying or selling a property should be just easy. Having the following scenarios would make it look like as easy as A-B-C.
- Have the best agent who will represent you throughout the process, who has your best interest in mind and will makes sure that you know and understand all your rights and responsibilities throughout the process and the contract.
- Easy house hunting or searching on different portals on the location you want with the price range you have.
- Smooth and readily available financial methods to close the transaction right away.
- Trouble-free inspections, title search, maintenance and warranties, so no delays.
- Complete and no issues on all legal documents necessary on the transaction.
- Constant and clear communication to all parties involved in the process, everyone is update on what is happening and everyone is complying with their responsibilities and timelines.
But yeah, we are in the real world, so it is safe to say that the ideal home buying and selling process we featured above doesn’t happen every day.
- Bad agents, not responsible or doesn’t have your best interest as their top priority.
- Tiring house hunting, can’t find a house you like on the area you want that will fit in your budget.
- Buyers not capable or ready to finance the home. Delays on financing institution processes.
- Incorrect or missing documents necessary on the transaction
- Inconsistent and unclear communication between the people involved.
- Tiring leg work, endless follow-ups, so many revisions, legal problems, etc.
More often than not these are the things that usually happen in a transaction so you just have to be ready for it. We cannot avoid issues like cancelled showings, miscommunications, delays and all but we can do something about it.
- Always be on top of the situation. Plan a head.
– Know what you want, what you have and what you need. Your budget, the processes, the people you need to be able to be equipped before getting into any transaction like agents, transaction coordinator, vendors, lawyers, lender, etc.
- Be responsible and be involved
– Get an agent, be sure that you tell him/her what you want and need. But you have to be hands on, whether you are a seller or buyer; make sure that you just don’t let the gent do all the work/task. Be responsible and be involved, in that the agent would know that you are a team with one goal, buy or sell the property.
- Work and hope for the best but be ready for the worst
– Organize, stick with the plan, have the timeline of events. Expect delays and hiccups along the way but those are just minor set-backs, as long as you know your goals, you have prepared for the things that might not go well, and be ready to have back-up plans or even allowances for those delays. You will be fine.
At the end of the day, nothing is really easy; it is how you handled it that matters. So you make the experience yours! 🙂