March 19, 2000
By Kay Wilson-Bolton
President, Ventura County Coastal Assn of REALTORS®
If you have ever heard the expression that “a camel is a horse created by committee”, you can relate at least a little to the action that is taken as a result of a group decision which produces an outcome far different than what was originally intended.
If you plan to purchase a home soon, please keep that expression in mind. Home buying is a sometimes complex process based on many variables, i.e. price, location, amenities, school district, age, etc. It requires the buyers to focus on those variables while sorting through their priorities, finally arriving at a firm decision to purchase.
Occasionally, other family members get involved. It could be just mom and dad, but once in a while, the aunts and uncles, gown children, and even acquaintances, want to help out to make the final decision.
REALTORS® have seen this “committee” approach and involvement cause anything from mild confusion to total chaos. While all mean well, the primary future residents may be distraction from their initial objectives, leaving them “decision less.”
It is also common for one of the helpers to live a distance away and have a real estate license! A good rule of thumb is to limit the decision-making process to only those who are directly involved in the buying process.
If mom and dad or aunt and uncle are supplying any of the capital, they are entitled to participate and should for it is their investment also.
The Ventura County Coastal Association of REALTORS® is continually working on preparing our REALTORS® to be good stewards of your time and confidence. This year’s chair of the Public Relations Committee is Wayne King. You will be hearing more of his committee’s effort to help our clients understand the scope of a REALTOR®’S® work.
When buying or selling your next home, choose a REALTOR® . There is a difference and you can benefit. For more information, contact Bob Seitz, CEO, Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is http://www.vc-realtors.com