Friday, June 10, 2016 / by Kristin & Mark Stampini
Moreover, a few very imperative elements that comes into play during the home buying process that gets glossed over in House Hunters, is the market of the homes, the overall length of time that is spent searching before a purchase, some of the most difficult steps (which are not always difficult), the method of home purchase, what buyers want the most from Real Estate Agents and the benefits having one. Homes within a buyer’s market has tons of listings which can be overwhelming for a buyer, homes within a seller’s market, there is not a whole lot to be shown. A lot of times in a seller’s market a home will go under contract in a couple of days and it can get easily missed. Like I stated previously, the average number of homes shown to a client is about eight to ten. However, the overall length of that process according to the National Association of Realtors’ Home Buyer and Seller Generational Trends Report 2015, the average number of weeks searched of all buyers is about 10 weeks. People of younger ages of “34 and younger and 35- 49 tend to spend up to 11 weeks searching” while those around the age
of “50-89 spend up to 8 weeks”. This signifies the importance of knowing your client, the younger group tends to be first time home buyers that are unsure about that they might want, this is where finding an agent that will be patient, suggestive, knowledgeable and attentive is key. Whereas the older group has a little bit more experience in the home buying process and have more of a clear understanding of what they want and do not need as many suggestions as a first time home buyer. Furthermore, some perceived difficulties are not that difficult as they are hyped up to be are, “finding the right property, paperwork and understanding the overall process and steps”. 53% of all buyers believe that finding the right property is the hardest, 24% think paperwork is the most difficult and 16% deem that understanding the process and steps is the most difficult. All of these perceived notions that house hunters fails to address all boil down to whether one works with the right agent. Unfortunately, if one works with the wrong agent then all of these difficulties can come to fruition. I see this all the time on House Hunters, where an agent seems to be getting a little agitated with the client, and the client gets frustrated as well. If an individual works with an agent that is not attentive, understanding of the wants and needs of the clients, patient and trustworthy then finding the right property can be a nightmare.
In addition, House Hunters tends to completely ignore the existence of paperwork when it comes to purchasing a home. However, there is a stigma around paperwork that it is hard to understand. Once again only IF, an agent does not properly guide their client through the paperwork, simplify it and make it as easy to understand as possible. To make paperwork less daunting we give our client the contract first so they can review it and ask any questions they might have before they make an offer so they know what they are getting, so they know there is no hidden language, and it gives them the ability to ask questions now rather than later. We are able to hit all the key points up front especially with a first time home buyer so that they can feel comfortable. I also find it shocking that during the home buying process on House Hunters that the reality behind finding the right agent is not shown, as this is where finding the right home ultimately comes from. Up to “88% of all buyers”, whether they are older or younger, their “method of home purchase is
Even if House Hunters does not show everything that goes into the reality of buying a home, I think it is important to keep in mind what really happens. It gives a small snippet of what goes in the real estate world, and regardless it is a fun show to watch that gets you sucked into what homes will be shown, wondering what home will be picked and getting mad at the TV when the buyers on the show do not choose the house you wanted. House Hunter is all in good fun and a show I will always tune into, just make sure you don’t feed into the “reality” of the show.
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