4 "Big Regrets" to Avoid When Buying a Home (Part 5 of 5)

Investigate property condition to get the facts and avoid renovation regrets.

Regret #4: Playing Not to Lose = Fear of Perceived Risk, Instead of Playing to Win by Using Professional Expertise

Fear of making wrong decisions can make buyers overly cautious and risk-adverse. In real estate, this hesitant approach can lead buyers to settle for less. If fear of risk is out of proportion to the actual risk involved, buyers may be shortchanged, that is, they’ll make an OK real estate purchase instead of a great one. Real estate professionals understand this important distinction for buyers. Long-term financial gains coupled with future lifestyle benefits are not always easy for buyers to visualize, especially when the property is not in the best condition or staged in a style that is not their own. Professionals see beyond the current presentation of the property to anticipate what it may become for specific buyers:

• When buyers are resistant to experienced input or fixated on preconceived ideas or fads, the outcome may not be as good or fulfilling as buyers hoped.
• When the real estate professional explains present and future value to a buyer who acts on this knowledge, results can be amazing.

Act in your own best interest - play to win the best possible outcome.

Emphasize foresight when buying real estate and you’ll avoid regrets in hindsight.