Real Estate Buying

March 11, 2008

Sometimes, in one of the on-line real estate newsletters, I read an article that is creative, fun and remarkably insightful. In January, the Inman Wiki had such an article. It was entitled "Buying a Home is Like Blind Dating".

The author decided to create a game in which the prospective buyer would look at each home as if it were a blind date. Here were the rules:

"1. If you don't like it from the curb, there is no point in going inside."...

2. Once you know you are attracted to a home you need to see if it is something you want to live with.....

3. If you want to pursue it...the next step is negotiation. If both parties don't come to an agreement it will result in moving on to something else....

4. Once you are attracted, could you see yourself living in the home, and have agreed on what both parties are willing to give you are ready to do deep inspection. This is when you hire an inspector and tell your friends. you will get feedback from both.

5. Once you have input back from the inspector, or other parties, it is really time to decide what you will do. Will you move forward or will you cut and run? Do you really like the house? Does it feel like home to you? If it does, it is time to make a commitment, buy the house and move in."

I liked the game and in many ways I thought it made some sense.