Home Buyer Advice |Paralysis by Analysis Can Stop You From Buying a Home in Bergen County New Jersey

The current real estate market has been somewhat of a challenge for many Home Buyers and Home Sellers alike. The media reports and real estate professionals are calling it a “Buyer’s Market”. The description of a “Buyer’s Market“ is when homes are coming on the market or “Listing” faster than homes are going off the market or “Selling”.

Sometimes even the most astute Buyers and Sellers can become confused by all the choices. We like to refer to this state of confusion as “Paralysis By Analysis”. Sellers can become overwhelmed with indecision regarding pricing while Buyers are confused by all the home choices. Before you become paralyzed by over analysis, read on for some real estate tips.

This month we were reminded about this phenomenon when our own daughter was trying to decide whether or not to renew her apartment lease or search for a new place. When she had located an alternate apartment, we told her to sit down and make up a “Pros and Cons” list to assist her in the decision process. In real estate, as with any major decision, there are most asuredly going to be some compromises to negotiate. It is a rare instance that life provides us with the absolute perfect scenario to fuel our decisions.

When faced with an important life decision such as Home Ownership, flipping a coin isn’t the answer. A more helpful approach to take is formulating a list. Some people are big fans of making lists. From earliest childhood we are told by our parents that Santa himself makes a list and checks it twice. This sage advice can be applied to most situations regarding making important decisions.

 

For instance, when a Buyer begins the Home Search process, the first order of business is to sit down and make a list of the features necessary to accomodate their family’s needs. Click here to read more about starting the Home Search Process.

If we are indeed in a “Buyer’s” market, the average Buyer will find more than one choice to fit their criteria. Once you narrow your selections, the Pros and Cons List becomes a helpful tool. Click here to read more about the Home Buying Process.

Home Sellers can capitalize on a Buyer’s market as well. Click here to read more about Selling Before Buying your next home.

With many fine homes to chose from, our Home Buyer Advice is don’t let paralysis by analysis stop you from Buying a home.

Call Lisa and Bob today at (201)218-6802 and let us help!

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Lisa & Robert Hammerstein • Sales Associates • Coldwell Banker • (201)218-6802

• Address • 50 Broadway • Hillsdale, NJ 07642 •