Today I want to talk about a simple way to beat uncertainty and move forward in a real estate transaction: the “rear-view mirror test.”
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When I talk about the “rear-view mirror test,” what do I mean?
Imagine that you’ve got an offer on a home, or you’re making an offer on a home, and you aren’t sure you’re going to follow through. If you’re a buyer, perhaps you’ve put forward an offer of $495,000 but the seller is firm on wanting $498,000. What should you do?
This is where the rear-view mirror test comes into play. If you imagine yourself a week forward into time, are you going to regret your decision?
“If you’re in a close-call situation that you think you might regret later, I think you should go for it.”
Will you be happy that the deal fell through or will you wish you had paid the difference and secured the home? If you’re in a close-call situation that you think you might regret later, I think you should go for it.
If you have any other questions, would like more information, or would like my help with meeting your real estate goals, feel free to give me a call or send me an email. I look forward to hearing from you soon.