Don’t Get Sidetracked by the Green-Eyed Monster

March 2, 2007 |

Jealousy is part of the human condition.  Everyone experiences it at some point.  For some, it can be a daily experience, for others the green-eyed monster rears its ugly head in rare instances.  Either way, one time when you don’t want jealousy to cloud your judgment is during the home-buying process.

The point at which jealousy is most likely to show up is when a buyer discovers what the seller paid for the home when he purchased it.  It seems that unless the seller has owned the home for a decade or more, buyers will become momentarily preoccupied with how much potential profit a seller can make from the sale.  This preoccupation, if allowed to fester, can turn into jealousy and poison a transaction.

It is important for buyers to remember that sellers are supposed to make money when they sell their home.  I don’t know anyone who buys a home expecting to lose money.  Financial profit is as American as apple pie.  Buyers should not let the amount of money a seller is going to make effect the way they go about making an offer and negotiating.  The focus should be on getting the best purchase price possible, not limiting the seller’s profit.  So what if he is making a boat-load of money?  Buyers should be happy for him and hope that they are able to experience a similar fate if they choose to sell.

Real estate negotiations are always emotional.  Jealousy may be one of those emotions.  The important thing is not to let those emotions, especially jealousy, effect the way you go about buying a home.  To do so could destroy what might otherwise be a very successful transaction.  The green-eyed monster can be quite a devil if you let it.  Just make sure it doesn’t keep you from achieving your goal of buying a home.

[tags] real estate, realtor, charlottesville, buying a home [/tags]

Posted by Daniel | Filed Under Buying 

Comments

One Response to “Don’t Get Sidetracked by the Green-Eyed Monster”

  1. Shelly Field on April 9th, 2007 5:10 am

    I have not encountered a buyer who is Jealous of a sellers’ profit. They usually look at the profit as a negotiating tool to offer a lesser price if it is a buyers’ market. In a sellers’ market all bets are off and you’d better make the best offer without considering the sellers’ profit.

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