Journey Of A First Time Home Buyer Part 4 Decisions Decisions

Journey Of A First Time Home Buyer Part 4 Decisions Decisions

Join us as we follow the first-time home-buying experience of an average, American couple buying their first home (told from the Realtor perspective)…

The entire experience will be documented–from our first meeting…all the way to the closing table (along with any “bumps”, roadblocks, or transaction difficulty along the way–and how we overcome them).  
Remember to click on the top, right-hand corner to join the blog conversation and get email updates so that you do not miss a crucial part of the story.

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Click Here to Read Journey of a First-Time Buyer | Part 1
Click Here to Read Journey of a First-Time Buyer | Part 2
Click Here to Read Journey of a First-Time Buyer | Part 3

Part Four:  Decisions, Decisions!

I met with Ben and Jerry again on Saturday to look at the Frisco home again, then a few others in the Plano area.  Once again, the seller requested no showings after 6:00 pm.  We pleaded to breeze through quickly, if we were out of there at 6:30.  Again, my clients work further south, and do not have the freedom to leave work (as many people don't) whenever they want to go house-hunting.  If this were "my" listing and there was a second showing, I would press that the seller let them in at 8:00 if they wanted.  Afterall, second showings mean a potential offer and shows that with flexibility, you want to sell your property. The Frisco home met all of my clients needs in terms of price-range, hardwoods, a huge over-sized island in the kitchen, granite countertops,architectural features and arched entryways....with one drawback--a smaller yard.  This was a tough decision as it was a little further from work than what Ben wanted.  Could they rationalize getting the features they wanted, UNDER the price-range that they wantedin exchange for a little longer drive to work?  It was so much to decide upon and I could see Ben sweating bullets trying to weigh the options.I really thought his eyeballs may explode from his head from the pressure.  It was then that Jerry...who rarely says anything, but when he does he is very affirmative on what he says...pointed out the difference in what Jerry would spend in tolls each month---a whopping $260.00.  CHA-CHING!  Jerry surprised us both as we stood there in awe of his mathamatician skills as he quickly calculated what he would pay in tolls -aloud...in a matter of seconds. 
On to West Plano we go...

Although a few great homes in East Plano, resale was very important for these guys as they did NOT want two home payments in the event of a job relocation.  East Plano was quickly ruled out.  We saw some very "unique" homes to say the least and gave them all nicknames.  Although things started off on a very serious note, I must say, we had more fun on this trip than any of the others and laughed the entire time.  I really wish I could recall all of the jokes.  I think I burned off enough calories laughing to make up for the fact that I hadn't had time to work out all week (maybe).  These clients are very straight-forward and tell me exactly what they want, like and do not like.  They feel like old friends at this point.  I've been very thankful to have both great buyers AND sellers lately.I "knew" that we would eventually find nearly everything these guys wanted but  the pressure seemed to be on and Ben sounded less than optimistic this time.  Of course, it's always at that point, when you find the "one"...which is EXACTLY what happened.  So many people think they know exactly what they want in their new home, but to be honest with you...some start looking and fall in love with something they never pictured when envisioning their "perfect home".  This home was older, but had been partially renovated...and great improvements it did have!  Driving up, it had a prominence than you could appreciate of a larger home that did not scream "first-time home buyer".  It had a great, curved drive-way that lead to the treed, creek area in back.  Walking in,  we noticed to the left, it had an amazing formal dining area with crown molding and Austin Stone, which would make for a great piano room coming right off of the master.  Tastefully painted in a neutral color, the living room DID have paneling,but not the intrusive "look of the 80's paneling" (which could easily be dry-walled over for resale).  The two-story ceilings were amazing and definitely gave the home a lot of appeal.  The master bath was absolutely amazing and had a door leading out to the back yard,and a giant, oversized flagstone patio.  This home looked MUCH better in person than what the photos gave it credit for.  It seemed to meet ALL needs, AND had the giant, private-treed lot which is tough to find in West Plano under $225,000.  Jerry's mood and overall expression changed in this house.  In the Frisco home...he looked worried, stressed.  In this home...he looked excited.  It looked as if his mind was going crazy with ideas of what he wanted to do with this home.  The best part of this particular home for sale in Plano was the fact that it was "already" partially renovated.  It was a home that my buyers would be comfortable moving into immediately, then customizing to their preferences as time went on.  The things you could do with this house!By the time I went home to run comps, Jerry had already done his homework on the seller.  We noticed an agent owned this home, and that based on the tax-roll, he probably did "not" owner occupy this home but likely bought it as an investment to renovate it.  I ran comps 1) to determine if the asking price was fair and 2) to determine if the home would hold the value and appraise with the additional improvements my buyers wanted to put into the home.  Check. Mate! 

After a day to think about it, I'm sure my buyers have a lot of questions.  I hope they don't wait so long to put in an offer and lose this home as I really don't think we will find one with a lot like this that already has improvements like this, within the price-range that they want.  Rule of thumb:  when you find a home you like that has the features you need...throw in an offer and tie the home up.  You can always continue looking during your option period in the event you find one you like better.  Otherwise, with these low interest rates...you may find yourself starting completely over with your home-search. By the way...just checked the status of the Frisco home and it is now under contract.
Will we be putting in an offer today?  Join us next time to find out (and follow us  through the real-estate transaction process of negotiating the contract, the inspection, coordinating the home warranty and title information and details on the loan process!  ((Some details will be left out for negotiations-sake)).

Would you like to find YOUR next new home?  Feel free to contact me at your convenience; I would love the opportunity to earn your business!   Remember to subscribe to my blog updates for helpful tips on selling your home, tips on buying a home, and following these guys on their journey of home ownership in Plano. 

                       Amy S. Arey, Realtor  *  Halo Group Realty, LLC  * 214.901.1341
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Phone: 214-901-1341
Dated: February 11th 2014
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About Amy: Buying a home or investment property doesn't have to be stressful! Even if you encounter "bumps" in ...

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