When a buyer goes shopping for a house or a London Ontario condo , there are actually two homes competing for their attention: the one that meets their needs, and the one that fulfills their wants.
In one of the greatest financial books ever written, ‘The Richest Man in Babylon’,George Clason writes that there are two kinds of study: the one kind being the things we learned and knew, and the other being the training that taught us how to find out what we did not know.
I read this book yearly to refresh and remind myself of some real simple financial basics, while very simple and easy to do, most Canadians do not follow, perhaps because it is too simple to make wise financial decisions.
It is like a person complaining of a sore belly, goes to their doctor and tells the physician that Dr. Google says it is blah blah blah! The kind physician ( the one not rolling their eyes or thinking “Oh no,here we go again) will ask questions, identify the cause or the remedy and treat the problem.
In real estate the same thing, wise, intelligent people listen to what their neighbour or co-worker says, read “how to save thousands when buying real estate’, or watch all those reality shows and then become experts in buying a house or a condo.
Home sellers and their real estate representative love you, because you are the one who overpays for a home (yet brag that you got a good deal, yadayadayaa) or find out that the home has structural issues or a neighbourhood stigma .
Getting back to The Richest Man in Babylon, letting ego take a break and finding out what one does not know about buying or selling may be a good decision. In real estate we do not have a Dr. Google, but we have everyone who has ever bought or sold a home as experts on how to buy or sell one!
Do you think a professional Realtor may be a great asset for you? Do you need one or want one?