Creating Your Own How-to Guides Might Just Help You Avoid Lawsuits as a Real Estate Agent
Most real estate agents were shocked enough when they heard that The National Association of Realtors and two brokerage firms were liable for $1.8 billion
According to a recent survey, many Americans are giving up on buying their “dream home” due to rising home prices, and are lowering their expectations.
To put the adjusted expectations into perspective, the study found that the ideal dream home for many of the respondents would meet the following criteria:
None of that sounds all that unreasonable. But some of the people surveyed envisioned more in their dream homes, with features such as:
As you can imagine, the definition of a dream home varies from one person to another. But one thing that almost every buyer has in common is that they feel like their “dream home” is out of their budget and that they have to adjust their hopes and expectations, even when prices aren’t rising.
Home buyers typically want more than they can afford. It’s a natural, human desire. But dreaming too big could also be subtly keeping you from owning a home at all, or at least appreciating the home you do buy…
Beside the fact that it’s just human nature to want more than we can afford, social media and “reality” TV make owning the dreamiest of dream homes seem a little too attainable. The average person sees way too many above-average homes flashing before their eyes, and it can easily start to make someone feel like it’s the norm, rather than the exception.
Not only have the lifestyles of the actual rich and famous become an open book for people to witness on a daily basis, but even average friends can seem to be living in some pretty amazing homes.
It’s easy to fall into the trap of feeling like you should be able to have as nice a place to live as they do when you see it so often.
But sometimes what you’re seeing isn’t reality…
For example, here’s a list of celebrities who didn’t even own the home they were showing off on the show MTV Cribs.
Even A-listers feel the need to make it look like they’re living in a nicer place than they actually do. So, of course, there’s a good chance that the people you consider your peers might actually be putting on some airs as well when they post their pictures online, or have you over for a party.
That’s not to say that everyone you know is faking it. Perhaps they got an inheritance and can afford an amazing house. On the other hand, maybe they’re in debt up to their eyeballs and can’t even enjoy living in the home because they’re so stressed out. It’s just a gentle reminder to not get too wrapped up in how other people live, or let it define what you consider to be a dream home.
While it’s easy to get caught up in the fantasy, here’s a step-by-step approach to help you stay realistic and still find a home you love:
The Takeaway:
Many buyers are feeling like they have to abandon any hopes of buying their “dream home” due to rising prices. But the reality is, many homebuyers feel that way no matter what the current real estate market is like!
Unfortunately, social media and “reality” TV have made it even easier to feel like you should be able to afford and have more, which can lead to unrealistic expectations when looking for a house to buy.
Buying a home doesn’t mean giving up on your dreams, but it helps if you have realistic expectations based upon how much you can afford, and what you can expect to find in your price range. Stick to your budget, stay grounded, and remember that owning any home is a dream come true.
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