Managing Expectations

Managing expectations

Managing Expectations for a Smooth Real Estate Process

A realtor wears many different hats throughout the real estate process. As realtors, we are often also a negotiator, manager, interior designer, photographer, and essentially, a professional juggler.

Of all the responsibilities we juggle, one of our most important is to help you manage your expectations for what this process will look like.

Coming into the real estate process with appropriate expectations is one of the most important aspects in setting a foundation for a successful transaction. We’ve built our real estate partnership upon pillars of mutual respect, trust and open communication. Which is why we want to be honest with you on what to expect from your upcoming real estate transaction. Here’s a few of our favorite tips.

How the market works

It’s important to remember that the housing market is fluid – much like your stock portfolio. Because real estate is a commodity, the market is constantly changing. The same way a financial investor might advise you not to attempt to time the stock market, we are here to tell you that the best time to list is when it’s right for you.

How long it should take to sell a home

Through all of this, the average number of days a house is on the market is actually consistent throughout the year; and does not fluctuate through months or seasons as much as people think it does.

Yes, there are going to be houses that sell in a day. But don’t panic if your house doesn’t sell in the first three days – because not every house does, and that’s the reality. It’s important to keep in mind that most houses do settle into the average days on market… and that’s okay!

People want to see what else is out there.

Home-buying is seldom a spontaneous decision. Even if a potential buyer looks at your house soon after its listed, chances are they want to look at others as well before coming to a decision.

Averages are healthier.

In general, buyers make better decisions in average markets. Learning to manage your expectations to settle into an average market is more sustainable and manageable for both you and the buyer.

A new home isn’t a decision you want to rush. Avoid buyer’s remorse, and take care when shopping for a new home. And above all, talk with your realtor so you can both set realistic expectations for what the process with look like for you.

If you’re considering a move, and have questions about the process, we’d love to meet with you and talk you through what it might look like for you! Contact us to set up a meeting today.

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