Stick to the Facts and Steer Clear of the Drama in Mission Viejo Real Estate

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Stick to the Facts and Steer Clear of the Drama in Mission Viejo Real Estate

These Days, Mission Viejo Real Estate Transactions Can Be an Emotional Roller Coaster

It’s human nature. We want the story.  The motivation behind the facts.  The nitty gritty who, what, when, where, and why.  And if denied, just like a toddler who’s told “No more candy,” we retaliate.  Not with stomping feet, flailing fists, and tears.  Rather, with our own version of anything missing from the story.  No matter how wild, off-base, or far from the truth our version may be.

Buyers and Seller in Mission Viejo Real Estate today are particularly fond of jumping onto the Real Estate Roller Coaster when there’s no information exchanged.  No response received.  No indication of a yea or a nay in sight.  When left in the communication limbo, here’s how the gap gets filled in….

They’re screwing with me. The bank knows how much I want this, and they’re purposefully not responding to my ____________.  Fill in the blank – your offer to purchase an REO or Short Sale home, your application for a loan modification, or your request for a credit.   The people working at the banks don’t really have a goal to screw with you.  They are way to busy processing thousands of files on a daily basis to be thinking of ways to annoy, irritate, or frustrate you.  Or find the pins to stick into the Voo Doo doll that looks just like you.

They’re holding my offer in case they get a better offer. In some cases,  sure they are!  Like if you made a low ball offer to an equity seller.  And in the case of an REO, they sometimes have a “seasoning” period to notify you that they are waiting for better offers before they respond to yours.  That they forgot to mention that up front is just an example of the fact that these bankers are human as well (even though that’s hard for some of you to imagine.)

They really don’t have multiple offers, they’re just saying that to get me to pay more.  No.  Not legal, ethical, and their agent wouldn’t risk losing her license by tricking you into thinking there are multiple offers.  If you’ve been notified there are multiple offers, believe it.

They’re playing games with the price. No.  Usually not the case. There’s probably a comp somewhere to support the list price.  If someone wanted to play a game, trust me, they’d pick something other than listing their house for sale and keeping it model perfect 24/7 and leaving at the drop of a hat so you can come look at their stuff.  If Mission Viejo sellers wanted to play a game, they’d more likely break out the Monopoly or Apples to Apples.  I know I would.

Keep in mind today’s Mission Viejo home pricing rule of thumb – equity sellers tend to be priced above market value, Short Sales are priced under market value, and REOs are priced at market value. To avoid avoid a roller coaster ride during your transaction, stick to the facts and steer away from making up the story on your own.  You’ll sleep better at night.

I’m Leslie, just keeping it Real in Orange County Real Estate.  949-678-3373

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