I was sitting down to write a post to Buyers about the home buying process and I came across the following post. I had never thought about the home purchase process as being about a series of "Yeses" but after reading this, I realized that it indeed is! This is a positive way at looking at the process, rather than a series of "No" (No, we don't like that house; No that price is too high; etc.). Look for the positive and your dream home might be around the corner.
Your Buyer Agent can help you find that yes!
Buyers are nervous....especially in this environment. As agents we can help our buyers take the steps with confidence by our explanations. I like to tell my buyers that the buying process is a series of "yeses"....we keep moving forward until we hit a "no."
1) Finding a home and writing an offer: "yes, we like the home enough to submit an offer"
2) Accepting a counter offer, or opening escrow: "yes, we accept the initial terms, subject to contingencies"
3) Reviewing the home inspection: "yes, the condition of the home is one we accept, or we ask for repairs"
4) Request for Repairs is responded to: "yes, we are satisfied with the response"
5) Loan approval and terms are received: "yes, we like the terms of our loan"
And the list goes on....insurance, title, appraisal.....we all know the list. I tell my buyers about these stages when we first meet. I always tell them that they will be making a series of decisions....and at the point they answer "no" to a situation, we move on.
Simple explanation which demystifies the process. And I think gives peace of mind to the buyers. Even experienced buyers experience uneasiness and second guesses. So....one step at a time, we go through the stages. If we get all "yeses"? We close....if not? We move on!
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Christine Smith is an Attorney and Exclusive Buyer Agent with over 25 years of experience in the real estate field.
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