5 Ways to Discern Between Rational and Emotional Decisions When Buying or Selling


Manage episode 219085351 series 2380846
By Zach Sikes. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
It can be hard to remove personal feelings from a real estate deal. After all, our homes are incredibly important to us. So when it comes time to buy or sell a home, it can be hard to know whether you’re making decisions driven by logic or whether you’re letting your emotions take the wheel. Today we’ll be covering five strategies that can help you determine whether you’re making choices for the right reasons during your buying or selling experience: 1. Ask yourself: If you sleep on the decision, will you feel the same way in the morning? Sometimes in the heat of the moment, we can convince ourselves that a certain choice is the only way to go. After giving ourselves more time to think, though, we may come to a different conclusion. Applying this strategy to the decisions you make during your home purchase could save you from making a major mistake. 2. Ask yourself: Are you thinking about your feelings, or about what makes the most sense? Everyone wants to earn the best possible deal when it comes to real estate. With that being the case, the people on the other side of your transaction may have a very different idea of how things should proceed. If this happens, it’s important not to let any of the emotions this might bring out cloud your judgment. “When it comes time to buy or sell a home, it can be hard to know whether you’re making decisions driven by logic, or whether you’re letting your emotions take the wheel.” 3. Ask yourself: Is what you want to say going to actually help, or just make you feel better? Any conversation that will legitimately move the deal forward is one you should certainly have. That said, it’s best to think twice before blurting out something you might regret. 4. Ask yourself: Are you simply reacting on impulse, or are you thinking through your decisions? Gut reactions are rarely the most fruitful responses in a real estate deal. Acting in accordance with a carefully thought-out plan will be much more helpful to your ultimate goal. 5. Ask a trusted advisor for their opinion. Sometimes, the answer you need can’t come from within. Seeking out the guidance of a professional, instead, may sometimes be your best option. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

42 episodes