Golfer mishits the ball causing it to slice off to the right or left

S – Slice: How to deal with changes during the home buying process

In ABC's of Real Estate, Buyers by Doug Phelps

Picture this: You step up to the tee during a beautiful day on the course. You take a swing and connect with the ball. Just when you think the ball is going to take a beautiful arc down the fairway, it takes a dramatic curve to the right.  

Argh, a slice! But why?

It could be so many reasons. You’re not alone; golfers often struggle with a slice from time to time. Like many things in life, dealing with dramatic situations on the course is a part of the game and your recovery depends on creative solutions.  

So how does a slice apply to your home search?  

Common changes during the home buying process

If you’ve ever been a part of the home buying process, you know that it can get stressful and that outcomes can change from the desired path. The great news is that change doesn’t always have to equal negativity. In this post, I will be breaking down the types of some possible changes that can occur and how to deal with them is the purpose of this post.  

Budget

Your budget is a huge determining factor in a home search.

How to deal with it:

Make sure you know exactly what your budget is and have your lender and agent communicate with you what is realistic to look for in a home. Take a deep breath and logically look at the numbers and go from there. 

Timeline

You are under contract on a home and there are important key dates that have to be adhered to in order to stay in contract. Sometimes a curve can come up during the process, on either side of the transaction, requiring changes in your plans. 

How to deal with it:

Communicate with your agent as soon as possible to find out if certain dates can be adjusted.  All parties to the transaction have to agree to any changed dates.  

Needs

Life happens.  Maybe during your home buying process you learn that your spouse’s sick parent will be coming to live with you and now you need another bedroom.  Or maybe your kids brought home a surprise dog and you need to look for a home with a bigger yard. Needs change and it’s OK!

How to deal with it:

A seasoned home buyer is very aware of the differences from their first home purchase to their most recent.  As soon as you learn of these life changes, let your agent know so he or she can alter your search. 

Available Inventory

You put together your wish list and begin the search with your agent for your perfect dream home. Especially in hot housing areas, very desirable homes will go quickly and losing out to another offer can sting!

How to deal with it:
This one can definitely be an unpleasant event.  After all, finding a great home just to miss out on making an offer is disappointing to say the least.  There are a few strategies you can do in this situation to be the offer a seller chooses – discuss them with your agent. 

When you’re ready to begin your home search, contact me at (720) 323-4176, I’d love the chance to help you caddy your home search! Alternatively, you can search for homes right here on my website free of charge and without registering. Click here to start an online home search.


This post is part of an ongoing series where we talk about my two favorite things: golf and real estate!  Stay tuned for more golf-themed posts as we go through the ABC’s of real estate and provide helpful tips for home buyers and sellers alike.