Sometimes I Have to Ask Myself....Am I a Realtor, or a Therapist?

First Time BuyersSometimes I Have to Ask Myself....Am I a Realtor, or a Therapist?  I'm working with a young couple, first time buyers, about to get married.  I will call them Abby and Charles*.  We're sitting down at our first appointment and I am explaining the Home Buying Process.

The first question I always ask my clients is "What's Most Important to You?", and the second question I always ask is "How do you make decisions?"  When I ask this of my two young clients, they took a moment to look at each other, then looked back at me and replied in unison "I don't know."

So, I take a moment to ask them how did it work the last time they made a big purchase together, such as with their car?  Again, they took a moment to look at each other, then looked back at me, and again in unison, "I don't know."

Since the first question I had asked was "What's Most Important to You", I knew they were on the same page with the big things - they both wanted to be near good schools, in a good location and have an easy commute.  For Abby, this was clearly Catonsville.  For Charles, it was obviously Elkridge.  It was clear to me that although they had talked about buying a home, they had not come to a conclusion on the specifics.  On this one point, they simply didn't agree.

So, time to put on the Therapist's Hat.  I ask Charles what's important about Elkridge to him?  He replies that his family lives there, he cuts his grandmother's lawn on Saturdays, he has a new godchild that lives there in a neighborhood he finds appealing, and it's a close commute to downtown.  Abby's reply to this?  "I didn't know how important those things were to you."  I then asked Charles how flexible he could be in his choice of location, on a scale of 1 - 10.  He replied that he was willing to be flexible, as long as it wasn't too far.

I then repeated the process with Abby.  After listening to my conversation with Charles, although she really liked Catonsville, she seemed to be just as flexible.

I always go through this process with my buyers.  I find out what's most important to them, how they make decisions, and what they've talked about amongst themselves.  It was obvious that Abby and Charles had talked about buying a home, but not about what was most important to each of them.  In talking about it in my office, before we looked at homes, and before emotions ran high, hopefully it will be easier for Abby and Charles to make a decision down the road.

So is it Real Estate, or Therapy?  Perhaps a little bit of both.  In the end, as long as Abby and Charles are happily settled in their first home, I don't really care what you call it.

*Although my buyers have agreed to share their story, their names have been changed for privacy purposes.

Clients always ask me: Are you on the web?
See for yourself.

 

Tim McIntyre, GRI, Ellicott City Realtor, Catonsville Realtor

 

 

Helping Clients Buy, Sell and Invest in
Howard County, Carroll County and Baltimore County
for more than 25 years.

tmcintyre@cbmove.com  410-480-3555
www.timsellshomes.com

  Ellicott City Realtor, Catonsville Realtor

Certified Distressed Property Expert

4 commentsTim McIntyre • August 11 2010 05:46PM

Comments

What a terrific post!  I think we are both most of the time.  Selecting a house, the buying process, the packing, the moving...it's all so stressful.  AND, if they have to sell a house too.  Whew! It's a lot to go through.

I always go over my buyers needs, wants, what they can't live without, etc., in a house, but I have never thought to ask "how they make decisions."  Such a great question to ask and would help in really understanding how they think and maybe even how they are motivated.  If you don't mind, I'm going to use your questions in the future.

Posted by Angela K. Love (Realty Green) over 1 year ago

Lisa - great catch! Edited and removed your comment to comply with privacy.  Thanks for reading and commenting.

Posted by Tim McIntyre (Ellicott City Realtor, Catonsville Realtor) over 1 year ago

Angela, glad you found the post helpful.  If you use this question with your buyers, let me know how it goes.

Posted by Tim McIntyre (Ellicott City Realtor, Catonsville Realtor) over 1 year ago

No problem Tim--it was a great post and I wanted to SUGGEST it, but I thought to make sure about the names before it got a wider readership--I saw you're also linked to facebook, too.

So I definitely liked your process and I'm going to give your two questions an audition with my next buyer couple.  Thanks!

 

Posted by LISA ORME, Broker/REALTORĀ®, ABR, CRS, GRI, PSCS, SFR, Notary Public, (The Master's Key Realty LLC -Windsor, CT - HARTFORD COUNTY) over 1 year ago

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