Resetting Expectations: There’s No Such Thing As The Perfect Property

Having high standards in life is crucial especially when purchasing your home, after all it’s the biggest financial investment you’ll probably ever make.  But how many buyers hand me a wish list that includes the earth, moon and the sky regardless of purchase price.  Whether we’re buying at $500K or $1.5M so often I hear buyers say, “that’s all I get for a million bucks?” (or half a million or a million and a half….)

So much of my job entails educating clients about the market including what their purchasing dollars will actually afford them.  Within the first meeting or first few property showings clients realize they need to reset their expectations because there is no such thing as the perfect property.

What comes out of this experience is an establishing of priorities and an understanding of what the client is willing to sacrifice.  That usually means sacrificing certain aesthetics and/or size to get the best location and to stay within their budget.  And sometimes, it means they have to increase their budget to get closer to their ideal place.