‘Million Dollar Listing’ Star Josh Altman Has This Simple Yet Effective Advice For Stressed Out Home Buyers
Finding the right home and buying it is not an easy task. There are plenty of things that potential home buyers have to consider along the way. Understandably, a lot of people crumble under the pressure and end up making unwise decisions. Worse, some buyers go through all the steps only to back out of a purchase at the last minute.
Television personality and real estate extraordinaire, Josh Altman has some great advice for this kind of buyers.
The ‘Cold Feet’ Effect
According to Altman, first-time buyers tend to be the ones to back out when it’s finally time to make an offer for a home. Given his vast experience in real estate having sold properties for big names like Robert Herjavec and Kim Kardashian, Altman has witnessed many clients get cold feet. He understands this fear though, considering that for most people, buying a property might be the biggest investment they’ll ever make.
Real estate agent Dana Bull of Sagan Harborside Sotheby’s International Realty has observed a similar phenomenon among her clients. As per Bull’s experience, a buyer might resort to pointing their finger at trivial excuses when things begin to become ‘too real’ during the course of the house buying process. In the end, these buyers typically get cold feet and pull out of the deal.
So, how can first time home buyers overcome their fears? Altman has one advice: see as many houses as possible.
According to a study done by the National Association of Realtors, the regular house hunter looks at around 10 houses before making a purchase. The 40-year-old realtor acknowledges how exhausting this process can be for people.
Seeing a series of dud choices can easily dampen a buyer’s enthusiasm but Altman says that the things they learn doing so will be important in the overall process. Having seen a lot of homes and gaining knowledge of the market will make buyers more confident in making their decisions, Altman said.
Importance of Variety
Of course, Altman himself follows this simple yet effective advice. He makes sure to show his own clients around houses that are a step lower or higher than their budget. This would help them get a better feel of the current market and serve as a form of research on their part as well.
‘Million Dollar Listing: Los Angeles’ is now its 12th season. It premiered in 2006 and has resulted in three other spin-off shows set in San Francisco, Miami and New York City. Altman first joined the Bravo show during its fourth season and has been a mainstay ever since. The ‘Million Dollar Listing’ series of shows follows a group of real estate agents as they go about their jobs and also gives a glimpse of their personal lives.
More in Loans & Mortgages
Pandemic Taking Its Toll On Your Career? Follow These Experts Tips to Land Your Dream Job While Being Stuck at Home
Are you currently in the market searching for a job? Well, then you’ve got your work cut out for yourself as...August 24, 2020
Stay Clear of These Major but Invisible Mistakes When Investing
People work to accumulate savings for the future. Making investments is also a part of this saving plan so that they...August 24, 2020
Have You Chosen Your Beneficiary Yet? Here’s Why It Should Be Your Top Priority
Do you remember choosing a beneficiary when signing up for a bank account or purchasing any asset? You must have wondered what it...August 24, 2020
Financial Mistakes Most Millennials Regret Making During College
Getting ready for college could be one of the highlights of your life, personally and professionally. A lot of opportunities open...August 17, 2020
Tips to manage Stress and Be Careful Once Offices Resume Post Lockdown
There would hardly be anyone who’d not be excited to get back to work after the Coronavirus lockdowns are lifted. It’s...August 17, 2020
Struggling to Figure Out Your Next Career Move? Here’s How You Can Keep Your Professional Progress On Track With These Expert Insights
We know that planning your next career move is the last thing on your mind right now. With companies closing and...August 16, 2020
Students Looking for Extra Income Can Apply for These Three Online Jobs
Students usually have limited budgets. And with unexpected expenses threatening to mess with those funds, most of them are now considering...August 15, 2020
The Five Most Important Things You Need To Consider When Getting a Personal Loan
A personal loan means borrowing from a lending entity, may it be a bank or some other credit provider. It’s...August 15, 2020
Struggling to set your Career straight? Take a look at These Tips that are Sure to Help
The pandemic has created havoc in many industries, and thousands of people are left without jobs. If not entirely out of...August 15, 2020