A Day in the Life of a Main Line Realtor® – Part 7
This is the time of year for more-than-full-time hours for this Main Line Realtor®. When business is slow, such as during the winter holidays, this Main Line Realtor® complains, but drafting contract addenda at 11 PM on a Sunday is not a bed of roses either! But it is all good! Main Line real estate is booming, particularly for sellers, who are receiving multiple offers. We have 2 buyers closing this month who were in multiple offer situations and got the house, which is great, although it does present a challenge as we go through the inspection and final issues when the seller knows they have the leverage of perhaps one of the other offers still being in the wings.
Another set of friends is down-sizing out of state and listing their home with us. I love helping people I know get to the right place! These friends, like many, have over 30 years of “stuff” to re-allocate to their new place, a resale outlet, or to the curb. Tough choices. And the timing has to be perfect with the new home closing preferably after the old one sells, so they will not have to liquidate investments. Like most down-sizers, they prefer to pay cash rather than take on another mortgage.
Timing is the aspect of real estate that should get a whole lot more attention from the agents than it does, in this Main Line Realtor’s® opinion. Most Sellers prefer to get their homes on the market either before or slightly after Memorial Day weekend. We are working hard to help these sellers do just that. Clean out, clean and fix up, rearrange and stage–in that order. They have just found a house to buy so the pressure is on!
A referral from an old friend has brought me a delightful buyer with her 11-year old daughter. This situation almost always dictates a restricted location search because of the school choice issue. The child either already goes to a school and wants to stay there, or is moving to a new school and has friends or some other connection to one or the other. Main Line school bus maps are of paramount importance in this regard because many listings do not state which schools the house is in, or they have it wrong! And having the child come along to help make the choice of house is so important. Children often have excellent points to make and are helpful in that regard. Plus their opinion is important to all concerned in order for the process to move smoothly and with the happy result we all want.
More buyers are coming in through our website this Spring. In those cases where there is no common denominator of a person referring a buyer to us, we like to establish a high level of trust and rapport during an initial meeting to be sure everyone feels like we will be a good “fit.” These meetings are fun for us—we get to know all the things the buyer does (or does not) know about the process and what they need or want in a home. Then we can start them off on the right foot by recommending a good lender to speak to about how they will qualify for a loan and what kind of financial obligations they feel comfortable taking on. Contrary to popular belief, a good agent has no interest in having a buyer spend as much as possible on a home. We have all seen the consequences of that. We are looking for a win-win situation for all of our clients!
Tags: Main Line Realtor