House Hunting Trip
What to expect on your house hunting trip:
When house hunting, weather traveling across the country, or across the world, I like to make sure that you and I are on the same sheet of music, and that there are no un-met expectations. I have prepared this document for your information and also to provide talking points for us during our initial meeting.
Arrival: Upon your arrival it is imperative that we meet to discuss house hunting, listings, and any concerns or special needs that you may have. I also like to set the stage for our relationship in a way that insures that I will live up to your expectations. Taking this time up-front will pay dividends as we start house hunting. During our initial meeting I will address several topics:
• Real estate market conditions • Seller sentiment • Your needs, wants, and trade-offs…the realities of house hunting • Timeline for the purchase process • Inspections • Closing, closing date, and seller expectations
*Negotiating a real estate transaction is a combination of psychology, anticipation of seller expectations, and a little bit of guess work or “gut feeling”.
I typically schedule house hunting trips that suit your schedule and that are productive according to our goals. In a day, we can view from 12 to 24 houses in an average 8 hour period. The time we spend is based on your needs and availability and homes available. At the end of our day, I will normally return to the office to prepare for the following days activities, based on what I have learned about you and what appeals to you. I encourage you to get out on your own during this time and look around…..and get on the website and search, now that you have a better feel for the area. Something new may come on the market, possibly outside of the criteria that I am using, that will appeal to you.
At the end of the first day, you can expect to have viewed many if not all of the homes that fit your needs and criteria….and of course we are going to look at the best deals first. By best I mean best based on price per square foot etc. At the end of the day, we will talk about what we have seen so far, and try to refine our search based on your feelings for what we have looked at so far. By mid-day on the second day, if we are not finding a home that appeals to you, we will need to look at the following options:
• Look in different areas • Look in different price range • Modify criteria; square footage, lot size, age etc.
My experience has been, based on the size of the local market, that by the end of day two we will have looked at all of the homes on the market that fit your criteria. 80-90% percent of the folks that I house hunt with will be ready to make an offer on a home at this point, if not sooner. If we get to the end of day 2 without success, then it is reasonable to assume that we have been looking at the wrong thing (I have not interpreted your needs properly), or we have set our expectations too high and will need to re-assess. Again, what we control are our ability to change price range, area, or square footage and amenities.