Since Adam & Eve went looking for a home, everyone has had an opinion on the proper steps & timing when buying a home, which is quite natural for us humans as we all have our inner fears, doubts, demons, bravado, ego & advice from well-meaning family members, so-called real estate gurus, 1000’s of books, articles, & Google searches, no wonder with the information overload we at times don’t act or think clearly!
I quote Morgan Housel in his excellent book “The Psychology of Money.”
” Every decision people make with money is justified by taking the information they have at the moment & plugging it into their unique mental model of how the world works. Those people can be misinformed, have incomplete information, be bad at math, be persuaded by marketing or misjudge the consequences of their actions.
Every financial decision a person makes; makes sense to them at that moment and checks the boxes that they need to check.”
Getting back to whether is this a good time to buy a home in London Ontario, as a Realtor, I have an opinion, if I can’t make ends meet, I have an opinion, if I’m a dreamer, I have an opinion, if a mortgage broker, I have an opinion, if a pessimist, optimist, fence-sitter, an opinion.
Facts Don’t Lie!
Omitting or hiding facts is the issue, and for most, how do you know the information you have at this moment is an opinion, a fact or a principle?
I may not have seen or heard it all, yet after working with thousands of home buyers & wannabes, there are a few practical steps to ensure the home buying process is less stressful and more satisfying.