Buying the house is not a big decision
I can repeat that. Buying the house is not a big decision. If you think otherwise, please allow me to state my case. I have worked with a fair number of buyers during my career and the experienced ones know what I’m talking about. I find that most of the less seasoned buyers will want to make mountains out of mole hills by thinking that writing an offer for the purchase of a home is the biggest decision they’ll ever make and I’d like to challenge their/your thinking about that.
Don’t misunderstand me, I didn’t say making the decision to buy a house wasn’t a big decision, I said Buying a house isn’t a big decision and there’s a difference. I’m not just mincing words in order to write a blog that will satisfy my IT guy, who says it will make my website views go up (OK, that might be true, but so is the content), this is a real encounter that I have with buyers all of the time who are having trouble putting pen to paper (actually, the entire process is now paperless) because they are afraid that they might have overlooked some deficiency of the house or they’ll be locked into some horrible agreement and forced to pay for it with no way out. Thankfully, it doesn’t work like that.
If done with a REALTOR®, such as the ones with Acutech Realty, there’s a step-process that’s been around for longer than I have. At each step, there’s usually a decision to be made, these are the mole hills. There are lots of them, there’s inspections, appraisals, surveys, title commitments and loan commitments, to name a few. During each of these events, buyers have the opportunity to review the newly revealed facts and make a decision about them. The choice may be to move forward with the purchase, cancel or renegotiate the deal. There’s no realistic way to determine these facts without going through the process and with each step, the buyer becomes much better informed and more comfortable with whatever they decide.
Just so we’re clear, the choice to buy a home IS a pretty big decision and I urge you to be comfortable with that, but never should you believe that the entire thing is done with a single stroke of the pen (or e-signature, as it is now). There is a tried and true process involved that protects you, allows you to be informed and gives you time to digest each fact one by one over a period of time so that you are comfortable and confident on closing day. If all goes as planned, closing day will have you consumed with all of the other aspects of having just buying a house, like movers and utilities and …. STOP! That has a process too.
There are so many real estate terms and words out there that many people don’t understand. We have a list of the more common ones our clients seem to have questions on. Take a look and let us know what questions you have; we’d love to explain them more.