In 1976 my first home appreciated as much as my wages. From then on I’ve been sold on real estate. Every market cycles up and down but real estate has historically outperformed most other financial markets. I never have to sell anyone on the concept; everyone wants to own real estate.
Like many services there are two components to transacting real estate; Product and Process. Product is the real estate itself. Most people are happy with the property they purchase. It’s the Process they have to go through to get it that can frustrate and disappoint. (It’s like an experience with your dentist; you like the result after they’re finished, but the Process may be a bit unsettling) A skilled practitioner can go a long way to limit your discomfort by doing two things. The first is to help you prepare by providing a proper expectation of typical issues you will face in the proposed transaction and help you view them in the context of “what’s normal”. The second is to build and execute a solid strategy to help you accomplish your goals. This plan is developed together as a collaborative effort. Once you’ve determined the practitioner is both skilled to represent you in the process and can be trusted to place your interest above all else then it's time to appoint them to represent you.
Most of us have an idea of the Product we intend to purchase. But as we progress nearer to it, we discover issues we had not envisioned and our plans are modified to reflect the new perspective. While this dynamic is present in nearly all real estate transactions a practitioner with exceptional product knowledge can save you time and frustration by reducing energies spent on disorganized and unfruitful home searching.
The Process is the implementation of the plan by the practitioner within their “system of operations”. (Assuming they have one) This system of operations is the consummate organization of their business acumen acquired through experience. This is where brokerage services differ greatly. This system of operations serves as a format for the broker to monitor repetitive details of each transaction allowing them to focus their energies on the task at hand during every phase of your transaction. That’s why I’ve built systems into my business model that are designed to avoid most miscues while protecting my client’s interests.
Is this next purchase important enough to have an experienced professional at your side?