“Do you want to know who you are? Don’t ask. Act! Action will delineate and define you.” Thomas Jefferson
Analysis Paralysis is something we all suffer from time to time. Often it seems to arrive at the worst possible time. You waste so much time over analyzing a situation and by the time you decide to act the opportunity has passed you by and you are left with regrets of what could have been.
Ok maybe a bit deep for a real estate article, but I have seen many, many people over the past few years put themselves through a lot of emotional angst and cost themselves a lot of time and money by being trapped in a state of analysis paralysis over their next real estate move. Now I’m not suggesting you jump without any thought involved and do everything on a whim. However at some point we all need to decide if we are going to act and if so then act.
After 15 years in real estate I have seen this happen to both buyers and sellers. From sellers trapped in analysis paralysis you normally hear: should I sell now or do you think the home values will go up in the next few weeks, months or years? Usually sellers will fixcate on one aspect of selling a home (their financial gain) and not consider the other reasons they would decide to sell now or sell later. Typically we can work through this by reviewing their other reasons for selling and seeing what a change up or down to the market would do to them and work to a decision from there.
When it comes to buyers suffering analysis paralysis they will look at everything that comes on the market and they finally find one they like but then they think I like it but what if another one, a better one in my favorite tract comes on the market in a week and now I’ve already have an accepted offer on this one. Maybe I should wait just a bit longer just in case. Besides prices may come down and I’d be able to buy more home for the same money. As you can see buyers are much more all over the map than sellers when they get caught in Analysis Paralysis. For sellers it is typically a financial matter, for buyers it becomes a lot more so working buyers through this process is a lot more difficult and time consuming and at the end of the day some will never be able to really make a decision which really is their decision.
Though I completely understand the importance and magnitude a real estate transaction has on the life of a client at some point you have to move forward because the what if’s and unknowns will always be there but much more painful are the regrets if you don’t act.
If you are thinking about buying or selling a home and need help working through the decision making process feel free to contact me and I will share my 15 years of experience and help you make the decision that is right for you.
949 599 6860