"The House That Got Away"
March 29, 2010
"The House That Got Away" was the title of an article published in the on line Inman News. the article, written by Tara-Nicholle Nelson was published on March 19, 2010. Specifically the article was a response to a reader's question or complaint about being out bid on numerous properties and finally getting an offer accepted which the reader subsequently canceled because of the perception that the price paid was more than the property was worth. Unfortunately, the reader has not found another property and cannot forget about the "one that got away".
Buyers, particularly in the real estate market of the past several years, are fearful of overpaying for a property. This fear is understandable in as much as prices have declined and many buyers thought they had paid a rock bottom price only to find that another property in the neighborhood was listed at a lower price.
I can remember when my husband and I were in the market for our first home. We submitted an offer on a home that we just loved and that had everything we wanted - neighborhood, floor plan, yard, decor, etc., etc. Our offer was lower than the list price, the seller countered and we refused to negotiate. it took us a few months to forget how much we loved that house and to find a house that was just O.K. We learned that the value of being willing to negotiate.
During my real estate career, I have worked with buyers - and for that matter sellers - that have had regrets about "the one that got away". When looking for a home that meets your needs, finding one that works for you may be more important than getting "a deal". Purchasing a home is a big decision, but living in a home can shape your life. In any negotiation, take a deep breath and know your ultimate goal - a deal or a place to enjoy your particular lifestyle. You will be less likely to dream of "the house that got away".
"The House That Got Away" was the title of an article published in the on line Inman News. the article, written by Tara-Nicholle Nelson was published on March 19, 2010. Specifically the article was a response to a reader's question or complaint about being out bid on numerous properties and finally getting an offer accepted which the reader subsequently canceled because of the perception that the price paid was more than the property was worth. Unfortunately, the reader has not found another property and cannot forget about the "one that got away".
Buyers, particularly in the real estate market of the past several years, are fearful of overpaying for a property. This fear is understandable in as much as prices have declined and many buyers thought they had paid a rock bottom price only to find that another property in the neighborhood was listed at a lower price.
I can remember when my husband and I were in the market for our first home. We submitted an offer on a home that we just loved and that had everything we wanted - neighborhood, floor plan, yard, decor, etc., etc. Our offer was lower than the list price, the seller countered and we refused to negotiate. it took us a few months to forget how much we loved that house and to find a house that was just O.K. We learned that the value of being willing to negotiate.
During my real estate career, I have worked with buyers - and for that matter sellers - that have had regrets about "the one that got away". When looking for a home that meets your needs, finding one that works for you may be more important than getting "a deal". Purchasing a home is a big decision, but living in a home can shape your life. In any negotiation, take a deep breath and know your ultimate goal - a deal or a place to enjoy your particular lifestyle. You will be less likely to dream of "the house that got away".
posted by shirley harry at 8:44 AM
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