Taking Charge of Your Real Estate

Below is an article from Canada Realty News which I thought brought up a point I’ve yet to clearly make on this blog. The point being that YOU, the client, are the most important and most powerful person in process of purchasing or selling real estate.

Of the handful of common mistakes I see people make when buying/selling real estate, piling all the resonsibility on the hired professionals and not getting personally involved with the process would be the mother of all the other blunders. Of course, a client hires a Realtor, Lawyer, Mortgage Broker, Home Inspector and sometimes others, to help them through the process. Each professional is expected to know their aspect more than well enough to keep the seller informed enough to be able to make informed decisions that are in their own best interest. However, many clients feel powerless or perhaps feel that as they are paying good money for the help, that giving ALL responsibility to the hired experts will yield positive results if the hired experts are truly expert.

This is a recipe for folly. You see, the team of experts needs a leader and said leader needs to understand what they can reasonably expect from each professional, be able to make decisions in a timely manner and take the time to understand (to a point) what the pros and cons of each decision are. If you don’t think your professional is going to work hard no matter what and if you don’t think they’re trustworthy, then work with someone else. You need to know that your team will follow your leadership just like they need to know that you will be able to provide it.

Imagine if a CEO refused to make decisions and instead delegated all responsibility to their executives, or if the Captain of a ship made their officers try to do accomplish difficult tasks without the benefit of the Captain’s leadership, or if the Prime Minister of a country sat back and let the cabinet members lead the country. In all cases, achieving any objective at all would be difficult for all and almost certainly of lower standard than with the benefits of active leadership. This is why a client who takes the time to learn how to take charge of their transaction will benefit so much more.

In short, you’re paying for the expertise, time and advice of the various professionals. Make sure you’re using them for what you hired them for and not for what you wish you could hire them for. Time and time again, I have seen how clients who take the time to become an active part of the process get so much more from it than those who expect to sit back and wait for good things to happen to them.

Ryan Coffey

Buying a Home? Take Charge and Be in the Pilot Seat!

Small PicDoes the idea of buying a home seem overwhelming to you? Do you ask yourself questions like: How much can I afford? How can I find the best loan? Should I buy a new or a resale home? Should I use an agent or look at homes on my own? You probably have many other questions too.

Buying a home is one of the major decisions that you will make in life, and is one of the largest financial transactions in your lifetime. Although there is much to consider when buying a home, if you do your research and approach the home buying process with confidence, you will most likely buy a house that you will be proud to call home.

Below are the three most important things to remember no matter where you are on the road to home ownership. If you follow them closely, you will be happy with the end result!
1. Understand the home buying process.
When buying a home, there is nothing that is complex that can’t be easily explained to anyone. If you don’t apply for a thirty year mortgage once a week, don’t take the first one that comes along. You’ll need to do your research, learn some new terms, apply some new concepts, and take the time to understand the entire process. If something happens at any point that you don’t understand, simply ask for a full and complete explanation from someone you trust like your real estate agent, accountant or your lawyer.

2. Become the most important person in the process.
In the world of real estate sales, YOU are the most important person in the home buying process. It’s easy to think that everyone else carries more weight than you but that’s not the reality. The seller owns the house and has all the money and the real estate agent tries to sell the house for the seller. However, you, the buyer, are the one person in the transaction that makes it all happen. This entire process could come to a stop if you decide not to buy. So why not take command of this process?

3. Surround yourself with a team of professionals that you trust and make them work for you.
A good realtor, mortgage specialist and a property lawyer are some people that you can count on to help you. They all save you time and money. They know your community, they know what is important when buying and selling a home, and they know all the intricacies of the process, from finding a home, to negotiating a price, to closing a deal and to ensuring the paperwork is done right.
As you can see, if you approach home buying with intelligence and confidence, you are more likely to buy a house you’re happy with and know that you made the right decision. When you start to walk down this road, take charge from the first step and be in the pilot seat to ensure your satisfaction. Remember, YOU are the most important person in this process!

 

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