The Market is Hot. Are you making mistakes?
Check out this Trulia article about the 3 most costly mistakes most people make in a hot market. Does this sound like you?
Wishing the house you’re seeing was in a different neighborhood.
You’ve seen 2 dozens houses, and put in offers on a dozen. No dice. And your agent keeps pushing you to look in a lower price range, assuring you that you can find what you want. And then they show it to you: safe neighborhood, good school district, good commute to work, just the house you wanted, really - but not in Rice Military or the Heights that you’ve been trying to get into.
Wishing that you could “pick the place up and set it back down” in your desired neighborhood will not make it so, no matter how many times you say it.
Hoping that perfect house gets no other offers, even though every other house you’ve bid on has had 54.
There’s a fine line between wishing something were true and denying the reality of what actually is true. Facing reality, even when it’s painful or means you can’t have what you want, allows you to make your own action plan for getting the best possible results with the resources you have - or a plan for getting more resources, whichever route you choose to go.
As a buyer in a seller’s market, actually as a buyer in any type of market, it’s ultimately up to you and only you how much you offer on a home.
Wishing prices weren’t going up so fast.
Here’s the deal: when prices were flat or falling, buyers were (understandably) stressed at the prospect of buying a depreciating asset. Now that they’re ascending, it’s not at all uncommon to hear buyers bemoan that, too. The fact is, the moment escrow closes and your Facebook status changes from house hunter to home owner the fact that prices are rising, and fast, will shift in your mind’s eye from curse to blessing, quick-like.
Rising prices and a recovering market might be what emboldened you to buy, empowered you to sell a formerly underwater home, and certainly have been inextricably intertwined with the increase in jobs. If prices weren’t rising, many of these other things might not be materializing, either, and that wouldn’t be so great.
Click here for more!
https://www.trulia.com/blog/taranelson/2013/11/3_costly_cases_of_hot_market_wishful_thinking?ecampaign=cnews201312B&eurl=www.trulia.com%2Fblog%2Ftaranelson%2F2013%2F11%2F3_costly_cases_of_hot_market_wishful_thinking
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