Published on our August 2022 Newsletter
Question: What is holding Buyers back?
Christie’s Answer: According to “Today’s Buyer’s Rep”, ABR’s (Accredited Buyer’s Representative) monthly magazine, inventory and affordability are the two top issues for Buyers. The third issue is that Buyers seem to have unrealistic expectations. Since we have addressed the first two, let’s look at the third.
Buyers need to be better informed. Discussing the buying process and answering questions assists Buyers to have more realistic expectations. This takes some time, and sometimes we refer the Buyer to experts like mortgage lenders, contractors, building engineers, architects, attorneys, electricians, insurance agents, or other professionals.
Despite all of the preparations, sometimes there are unforeseen challenges. For example, on one parcel of land we sold, an archeological site was found of a Pre-Columbian ball court. Discovering this did create a challenge, and slowed the process. Historical research was needed, and legal documents prepared by attorneys. This ultimately meant that of the 10 acres being bought, 2 acres were to be kept intact and undisturbed. Fortunately, the Buyers were delighted to have such a site on their land!
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