YOU DIDN’T GET THE HOUSE
YOU DIDN’T GET THE HOUSE
What is the hardest, most exhausting (physically and emotionally) part of buying a house? It’s setting your heart on a home and not being the successful purchaser. Sometimes, the ad doesn’t match the reality, or your research sways you away, or sometimes the hammer just doesn’t fall for you
There are many challenges, many pitfalls when buying a house. For every house that the SOLD sticker goes on, there are stories about the buyers who missed out.
The Marketing Hype
The marketing hype is common. Somehow real estate photographers make the rooms appear larger, the paint less distressed, and the holes in the walls, and the smells don’t make it into the marketing. The sky is bluer, the grass greener, the weatherboards are in perfect condition. The semi trailer and extra cars belonging to the neighbour don’t appear either. The successful buyer didn’t care, or didn’t care enough and they bought the home for the maximum price anyway, and you didn’t get the house.
The Hidden Defects
The major defect where the entire house needed restumping didn’t bother the eventual buyer. They were knocking the house down and it didn’t matter. You loved the location, loved that you could renovate and create your dream home, you could manage the price but you still said no.
Logic told you that the cost of the home PLUS the repairs would deplete your funds beyond a sustainable level. It would mean that your planned overseas holiday every couple of years couldn’t happen. You decided that your money would be better spent elsewhere and you didn’t get the house. Smart financial decisions aren’t just about total asset value—protecting your lifestyle and capital is often the best decision you can make.
Instead, following the recommendation of a friend, you began working with Carol, taking in her knowledge, and experience, and no longer going it alone. A more logical, measured approach is taken. There is method in your buying process, and the pitfalls become fewer as do the disappointments. Guided by a clear plan, you look at each house, the neighbours, and the area, no longer emotionally swayed by pretty photos and glowing words of real estate agents, you research more, become more discerning.
The Neighbours and Neighbourhood
Hidden around the corner from the home you have fallen in love with is a major sporting precinct. You don’t see it. It looks like a park. There is a back entry to the park in the cul de sac five doors up but it doesn’t look like a big deal. The Open for Inspections are always on a Friday and the street is quiet.
Before you make your offer, Carol suggests a drive by – on a different day, in the morning, in the afternoon, and on the weekend. It’s crazy. There are cars and people everywhere. Apparently the park entry from the cul de sac becomes the most popular entry because the other main entry is on a hard to navigate main road. You mind your grandchildren on weekends, and the park was very appealing but not if there were crowds, cars, and loud noise. Not the home for you, you didn’t get the house even though you were really tempted.
The Money Conundrum
It’s all about the money!
You have the money, and you don’t need finance.
The money that you have however, is for living AND for your next home. You have done the maths, your spreadsheet or budget looks sound. You understand that the price on the ad is probably lower than what the seller wants and you have an extra 10%. You intend living in this home for a long time therefore you are willing to spend the money to get the home that you want. Planning a new kitchen and bathroom, improved fencing, and fresh paint would push your desired price to its limits, eating into your extra 10% but you could do it.
Unfortunately, someone else loved it too. At one stage you thought you had it, the auctioneer encouraged them to bid another $500, and again, and again. Despondent, your 10% gone, the maximum price agreed on with Carol before the auction exceeded, you decided to walk away, and you didn’t get the house.
If any of these scenarios sound like the odyssey you have been on in your home buying journey, then you no longer have to go it alone. Search and research, attend opens, get the inspections, do all the right things and achieve success.
With agreement, following a phone call and a long conversation with Carol, you begin to work together. You have more experience than when you began and parts of the process can be moved through quickly however getting it right, reducing your stress, and making strong decisions follows a process. Your wants, needs, and must haves, budget certainty, the homes already considered, the ones that you loved and didn’t get and the reasons why.
Search, discuss, research, discuss, together. Meeting weekly, having someone by your side, regaining your enthusiasm because it’s not as frustrating as when you went it alone, or tried doing it with multiple other people in your ear, all with a vested interest. When you bid, when you negotiate, you are as sure as you can be.
It’s comforting, you are more confident, secure in your decisions. It may not be house number 1, or even number 2, but you are no longer alone, the choices are yours guided by expertise and experience. Home is just around the corner. Let’s talk about how to get you there—call Carol today for an initial chat or book a call
FAQS ABOUT MISSING OUT ON A HOUSE
