Sunday, July 13, 2014

Being Single and Buying or Selling A Home

Being Single and Buying or Selling A Home

There is no question about it.   Buying or Selling a home in any circumstance is emotionally charged.   There are ways to help manage the "single" stress. 

Over the years, I have come to realize that buying or selling a home is much different for single folks than it is for couples.    In fact, I can speak from experience!    Not just from being a Realtor, but from having been a single person in the real estate arena.

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Without another person who's financial hat is also in the ring, a real estate transaction can be a lonely, exaggerated, and overwhelming process.  

Buyer's/Seller's Remorse.    Everyone experiences this joy of an emotion, BUT, it typically hits at different times in the process.  For example, one might experience after an offer is accepted, while another experiences it just prior to the closing.

The good news is this emotion doesn't last for long.  The big difference here is obvious.    In a partnership transaction, there is someone to lean on while waiting for this lovely emotion to pass.  

Making the Decision.   There are lots and lots of BIG & little decisions to make when buying or selling a home.   From choosing where to live or marketing strategy,    It's always easier to have someone to bounce things off of.   But, here is the big thing.   It is easier to make a decision,and more comforting too, when that decision is being made by more than one who's feet are in the water.  

Doing the Legwork.   Sharing the work load is always easier, especially if you have a full time life!    There are a lot of moving pieces in a transaction.    Facing the laundry list of the large and small can be daunting.   Couples can share in this but the single buyer/seller is has the disadvantage of fitting it all on his/her plate.  

Strengths and Weaknesses.   Yin and Yang, what ever you want to call it.   I can handle this, you can handle that.   What seems to you a big deal may not be to your partner and the other way around.  

So, what can you do to make it easier if you are single?   

  • Hire a competent, understanding Realtor.  One that communicates well and has the experience to project ahead and has resources for you.
  • Make a list of what's important and what isn't.   
  • Pick a person to lean on for decisions.   One.  Not many.   Too many opinions and well meaning intentions will become overwhelming. 
  • Know the steps of the transaction.    Knowing in advance,will help with the pieces of the puzzle as they present them self.      
  •  Hire professionals to help manage the work load.   Attorneys, Movers, etc.  Don't expect to do this all on your own!
  • Anticipate Buyers or Sellers Remorse.   Second guessing ourselves is human nature.  Know that this emotion happens to everyone and it will go away.   
  • Ask for Help.      You might need help getting that paperwork from here to there or letting the movers into the house.   It's probably the hardest thing for any of us to do, but you have to ask. 
 
 ______________________________

Looking to Buy, Sell, Rent or Invest?   

Put my 26 years of experience to work for you!   

 Call or contact me by phone 508-494-9061 or email to cal@alandcal.com


3 comments:

  1. Great post Carol Ann. While I purchased our home with my husband, it was still a scary process. I can imagine the anxiety, the overwhelming-ness of such an undertaking and the general feeling of not having anyone to talk things over with. Your advice is spot on - beginning with number 1: Hire a competent, understanding realtor. When we hired you, it was the best thing - I felt comfortable knowing I could ask you any questions and go to you with my concerns. You never made me judged me or made me feel like I should have known more than I did.

    Keep your posts coming! Always enjoy them as they bring me back to my days of searching for a home!

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