Luis Gabriel Gil, Realtor ®
RE/MAX Revealty

Luis

Unrealistic expectations by buyers

Table of Contents

Being a real estate agent is not an easy task. Tremendous amount of your time goes into each stage of the procedures associated with the business. It is all about dialogues, meet-ups, checking the properties in the market, negotiations and many more. It also involves countless hours of clearing the doubts of the clients related to the purchase and selling of their properties.  

People will have a lot of queries about different things during the real estate business period. They are conscious about making a wrong move and are curious about certain procedures. A realtor is duty-bound to help the client during such situations. They should clear all the queries by their clients so that there can be a smooth flow of work built upon trust and patience.  This means you will be stuck with irrelevant questions which arise from some unrealistic expectations of the clients. A professional realtor should clear those doubts patiently and give proper information to the clients.

Here, let me introduce you to some of the unrealistic expectations that buyers will have while trying to purchase a new house or property. 

A perfect building at low cost

Most of the buyers prefer to purchase a perfect newly built house or property at a very low cost. Some of them even try to find a home at the most expensive place in their area. Purchasing a property in an expensive residential area will always involve more money as the value of a property changes from one location to other. You cannot opt for a house in such an area if you are not willing to pay more money for it. 

Always remember that the value of a building depends upon its location, structure, newness and construction costs. It is always better to find a property that falls in the category of the amount that you are willing to pay. Figure out how much money you are willing to spend or how much you can afford for the buying process. This helps the realtor to filter out the irrelevant options from his/her database and introduce you to properties that are more likely to be purchased by you. This can make the work easy for both the realtor and the buyer.

Mortgage pre-approval

People always think that it is easy to get mortgage approval these days which is not the actual case. Buyers try to find their desired property first and then apply for mortgage. They prefer to see all the properties available at first without being aware of the mortgage approval. 

It is better to get a mortgage approval at the beginning itself. This helps the realtor to have a basic idea about your status so that he can find out the best and affordable options for you right away. This also saves your time, energy and money.

Assuming that you will find the property easily

The greatest misconception that buyers will have is the assumption that they will be able to find the property right after searching for it. It is not true. Hunting an appropriate house takes more time than you expect. A lot of external and internal factors influence the searching. You need to have some patience with yourself and realtor during the process. 

The most important factor in real estate business is timing. The right property for you will find your way at the right time. Do not fell disappointed just because you didn’t find the property after days of searching. Do your research patiently and decide the best option for you with a calm mind.

Having doubts about unknown facts are normal and the job of the realtor is to help their clients to clear such doubts. Feel free to ask questions and have a better idea about everything.

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Luis G. Gil | Realtor®

Karat Real Estate Inc.
1144 Stanhope Drive
Columbus, OH 43221

Direct: (614) 571-9648

Office:(614) 266-2424

Email: lgil@luisgilrealtor.com