What was your buying experience? Let's share.

4 Replies

All - Fellow home buyer here.

I've had an absolute wide range of experiences buying a home. One experience was great, while others were terrible.

I wanted to get my fellow home buyers together (current and previous) to share our experiences and talk about what the future of home buying could look like. Are you interested in sharing your experiences? We would love to hear from you. 

Check out the details I posted in the Events and Happening Forum or easily find the link in my most recent posts under my bio. 

Talk Soon, 

It's funny- I talk with my clients about this all of the time. Most consumers don't have a clue if they had a good experience or not- I've found 95% of people think that if the deal closed, their agent was amazing, having no idea how many opportunities they missed along the way. 

I'll be interested in reading people's responses. 

@Corby Goade very interesting, that comment really resonates with me.  you don't know what you don't know.  missed opportunities seems like a problem worth exploring. In your experience, could you bucket those missed opportunities to a couple of main categories? (offering a tad more to win out on the offer, requesting more credit for home inspection issues, etc.)

@Christopher Thompson sure- happy to throw a couple thoughts out there. Every deal is so different that there aren't many commonalities, but I'll give a couple examples; you'd be shocked how many agents blindly throw offers out on their client's behalf without even calling the listing agent to get a feel for how to craft an offer that will be meaningful for the seller, competitive vs what they have on the table, but still reasonable for the buyer. When I list properties for my clients, I'd say at least 50% of the offers I get are from agents that I've never spoken to in my life- most of those offers are well over asking price right now. Those agents don't know if I have zero offers or 50 offers. They have no idea what my client is looking for as far as terms. They are just gambling their clients money with zero effort or strategy whatsoever. It's staggeringly common. 

On the buy side, there are always ways to make offers more competitive without risking more money or blindly giving away leverage. One of my favorites right now is throwing out really big earnest money deposits, but writing contracts in such a way that the earnest money is protected for a long period anyhow. The sellers get excited about this large deposit amount, but my clients don't lose rights to that money until they close on the property, so there's almost no risk for them. Many times buyers will accept an offer with higher EMD over another offer that is for more money because they think my buyer is more "serious."

I could go on, but it's a blast negotiating deals and trying to get as much information out of sellers as possible so that you can leverage that info. It's like I get paid for playing the most fun game of chess in the world.