{"id":83,"date":"2019-10-29T02:55:25","date_gmt":"2019-10-29T02:55:25","guid":{"rendered":"https:\/\/wordpress-1002009-3529736.cloudwaysapps.com\/housebuyingthreekeyquestions\/"},"modified":"2023-11-21T02:32:28","modified_gmt":"2023-11-21T10:32:28","slug":"housebuyingthreekeyquestions","status":"publish","type":"post","link":"https:\/\/daddyandrealty.com\/2019\/10\/29\/housebuyingthreekeyquestions\/","title":{"rendered":"Think About These Three Key Questions Before Meeting Your Realtor"},"content":{"rendered":"
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I mentioned in the A 10-Step Guide to Buying a House in the San Francisco Bay Area<\/em><\/a> that by thinking about the key questions in advance, you and the agent will be on the same frequency, and the quality of the preliminary discussion will be good. What questions should you anticipate?<\/p>\n A respected mentor once taught me, as a broker, the most important thing to finding a solution is imagination. This also applies to customers \u2013 since you have to pay for a house, what do you imagine it can be?<\/p>\n describe the best-case scenario for the home you will love.<\/strong><\/p>\n “I hope that children can run in the courtyard! On weekends, friends can have a place to barbecue and party.” <\/em><\/p>\n “I hope to be close to my company, I am a workaholic!” <\/em><\/p>\n “I hope there is a Vaulted Ceiling.”<\/em><\/p>\n Yes. This is what you imagine it can be like. It takes time to understand the complexities of the Bay Area real estate market. After meeting with your real estate agent, your image of what is possible will likely change – but it\u2019s okay. Start with what is ideal in your mind and slowly layer in the realities of the current market.<\/p>\n Often the imagination of our new home is somewhat related to our motivation to buy a home. Simply put, what are the reasons you want to buy a house? (Why are you moving?)<\/p>\n “Children are going to school, but the original school district is not good enough!” <\/em><\/p>\n “I want to have a home that can live in for a long time.” <\/em><\/p>\n “I don’t want to bargain with the landlord for rent!”<\/em><\/p>\n Ask, what is the deepest reason? Can you solve it with a house? This is another question we should discuss when we meet.<\/p>\n There is a saying in the Bay Area real estate circle, \u201cBuying a home is not a choice of selection, it’s a process of elimination.\u201d In the real estate market, there are always three restrictions: Location, Condition, and Price.<\/p>\n “Hey, I want to buy a house in Palo Alto!” (Location) <\/em><\/p>\n “So, what is your budget?” (Price) <\/em><\/p>\n “One million!” (Price) <\/em><\/p>\n “Okay, then we want two bedrooms and one bathroom or one bedroom and one bathroom Condo!” (Condition) <\/em><\/p>\n “No, no, I want a three-bedroom, two-bedroom bungalow SFH!!” (Condition) <\/em><\/p>\n “Well, then there you need some adjustments in the location. There may be some opportunities with San Jose” (Location) <\/em><\/p>\n “No! I must live in Palo Alto!” (Location)<\/em><\/p>\n This is a typical situation where imagination is inconsistent with reality, changing any of these restrictions: location, condition, or price, will make it possible to imagine again. These three restrictions make up the blueprint for decision making in the home purchase and can be used to make a clear decision.<\/p>\n (image from <\/em>pixabay<\/em><\/a>)<\/em><\/p>\n<\/div>\nQuestion #1: WHAT\u2019s YOUr IMAGINATION?<\/h2>\n
Question #2: WHY?<\/h2>\n
Question #3: How is IMAGINATION consistent with REALITY?<\/h2>\n
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