3 Things That Will Guarantee A Lousy Real Estate Experience

Dated: 03/30/2016

Views: 432

Everyone always hopes for sunshine and rainbows when it comes to buying a house, and some get it, but those lucky ones are dwindling breed.


The truth is that when you are coordinating all of the parts involved in a Real Estate transaction, sometimes things can get funky. A good agent, attorney, and loan officer will all work together to get everything done, but things like title issues or survey disputes can sometimes add days to an already long process. 


It's definitely something you don't want to rush either. Trying to force things and speed up time will undoubtedly cause errors, and do you really want errors on something as big as a home purchase? Of course not. It just wouldn't make sense.


So what do you do? What can you do? 

You have to trust in the capabilities of each member of your transaction team. You must believe that your agent is going to help you find a house and negotiate the deal. You must believe the the loan officer is going to get the numbers correct and work diligently to get your loan approved. You must believe that the attorney is going to prepare the mountain of closing paperwork accurately, and that they will be absolutely sure there are no legal hang-ups along the way they prevent you from closing.

When it comes to making everything as seamless as possible, skipping out on these 3 must haves will GUARANTEE headaches and sleepless nights along the way:

LACK OF COMMUNICATION - It may not always be good news, but it's still important to know what's going on. The number one complaint against agents is that there is a lack of communication about the progress of the process. Granted, there are periods where there is really no news, sometimes it can be reassuring to hear your agent say "there is no news." 

If there was a problem, you would be sure to hear about it. I had a client who purchased an estate from a family who didn't do the paperwork correctly, so it had to be fixed before we closed. As soon as the issue was discovered, the attorney informed the client of the delay, and that everything was being handled. We closed 3 days late, but my client was fine since they knew what was going on.

NO EDUCATION - 90% of the role of each person you work with is to educate you about various things. Agents will teach you about the market and the property side of things. Loan Officers will teach you about the numbers and what you payment is comprised of. Attorneys will teach you all about what you are signing at closing.  


Knowledge is power, and when you're talking 6 figure loans over 30 years of your life, you want to be ready. Make sure you work with folks who are understanding and willing to spend time teaching in addition to working. 

THE THIRD WHEEL - The simplest explanation of this is when someone takes on too many obligations. Most everyone in the business has great intentions of helping as many clients as possible, but last I checked there are still 24 hours in the day. So it's important to know that you will be taken care of, and not become a third wheel to other priorities. 

Everyone has limits. We as professionals treat all of our clients with the same respect and service across the board, but things like processes and systems can help people to multiple their capabilities. Don't be afraid to ask about someone's business to see if you think they are overextending themselves, or if they do indeed have the capacity to give you great service too. 

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