I look forward to two nights and three days on the Cape –mid-week – every July. I get time off in the winter, so these summer days off are rare and special. This year, I had a lousy time. When I deconstruct what bothered me most, it made me a better buyer’s agent.
I meet family on the Cape who are there all week. They usually pick the place. This year, they were at a place that was priced like a Bed and Breakfast, but was just a bed. (This was in the $180 a night range.) There was a kitchenette in the room instead of breakfast. This worked well for them because they used the kitchen. For us, the refrigerator would have sufficed. My brother stayed at a place down the road that was a typical motel layout. It was $110 a night. The room was bigger, but it had no kitchen.
I realized that I resented paying for a place that did not serve breakfast, had no common inside space, and was in this price range. Price had colored my expectations. This is also true for my clients. In our marketplace, most property is high priced. Given that, my clients do not expect some of the flaws and some of the attitude they have been putting up with.
Real Estate Tip 1: Avoid making offers until you have seen 3-9 properties. You need to know what to expect in the price range you are buying in.
When we checked in, it was a hot and muggy day. The air conditioner was not on. Part of me likes this, since no one was in there for hours, so why waste energy? But, it meant the room was uncomfortable when we got there. It was barely pleasant when we went out for the evening. When we left, I turned it down.
I slept about half as much as I needed and it colored the next day. There was no one to ask about this until around noon, when I found a staff person. I got a bit of a blank stare about why I would object to the AC set up. She did not offer me any alternatives; she would check with management. (They eventually comped me a bottle of wine.)
Real Estate Tip 2: Make peace with your price-range before making offers.
Real Estate Tip 2A: In our current market, paying a lot is normal, not special. Paying over asking price is normal, not special. If you think that listing agents are going to be respectful and reasonable, think again. We have seen an unusual number of reasonable requests denied by listing agents in the name of their sellers. If you get into a resentful state, you will be more miserable than you need to be. Our job is to figure out how to work around obstacles as much as possible.
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