It’s simple enough if you’re watching any number of television shows dedicated to home buyers and catering to the short attention spans of most TV audiences. But reality TV isn’t anything like the real-life scenario you’ll encounter in the home-buying process.
I’ve worked in real estate for more than 20 years and know there are few things you should consider when comparing reality TV to the real-world experience.
Ask about a realistic time frame.
As you might expect a 30-minute television show condenses the home-buying process. What you might not expect is the actual time it takes to find houses you want to look at. If the market is especially tight you might not find three suitable houses to view in a day. Then there are certain times when inventory is high, you might be able to look at 20 houses.
On the listing side we see unrealistic expectations about the length of time it takes to do some of have handyman work or remodel items completed. When the market is hot any good handyman or contractor is busy and can’t do it for weeks or months on end, which could slow down the listing and selling process.
Have the conversation with your real estate agent up front so you can set realistic expectations about how long it actually takes.
Do your homework.
On TV you don’t see the amount of work the home buyers did up front. That part isn’t included in the condensed version of events. In order to make the shows work, home buyers needed get their financing in order ahead of time and narrow down their house preferences. You need to do the same thing.
I’m not going to show you a million-dollar house if you’re only going to qualify for a $600,000 loan. There’s a difference between viewing a house at the top end of your budget, or maybe even a little over budget, and asking to see a house completely out of your reach. Doing so is not only a waste of your time but of your real estate agent’s time as well. You want to develop a preserve a good relationship with your real estate agent, but he or she is going to help you avoid pitfalls and emergencies along the way. Do your homework ahead of time so you’re not wasting time or energy during an already stressful process.
Know there is no script.
Even though it’s called “reality TV” the reality is, the shows are scripted. Each scene is re-shot until it looks and sounds right. The conversations and reactions that you see from buyers and agents have been practiced and rehearsed.
Your experience is not scripted, nor is there a producer telling you how you should approach a camera angle or conversation to make it sound better. That means you have to be willing to have the conversation with your spouse or family member involved in the decision-making process ahead of time.
If you’re unsure about buying a new home, I can help you talk through the pros and cons and provide resources on whether you should consider redecorating or remodeling your current home instead of moving.
Download my latest tip book for buyers here: SEARCH BUY MOVE.
Download my latest tip book for sellers too: LIST SELL MOVE.