A lot of calls from prospective buyers start with “I don’t really know much about buying real estate…” It’s always tempting to be relieved when I hear it, because known ignorance is actually a great quality. What more often gets folks in trouble is when the think they know something and don’t.
My short response to that buyer’s statement is “That’s okay because I really don’t know much about you!” We have lots in common! We’re both “ignorant” so let’s start learning together!
Getting started requires that we both learn a lot — hopefully in a relatively short period of time. One decision we need to make before moving too far down the road to a purchase is the relationship we are going to share. For a further explanation of this process, see About Real Estate.
But let’s talk quickly about some things buyers need to know, particularly in the current market conditions. We are still hearing lots of talk about “buyers’ markets” with buyers being encouraged to “take their time.”
You can do that, certainly, but that doesn’t mean you shouldn’t be ready to decide. If you are shopping for real estate, make a little note and look at it often: Regardless of the market the best properties sell first.
I’ve seen it happen; it’s not pretty. A potential buyer starts