It starts out like any other typical love story. You knew it from the moment you stepped foot inside the home. The familiar feeling of anticipation grows as you walk up the path to the front door, turn the key, and unlock a whole new realm of possibility and fascination. You take one look around, and within moments, you instinctually know that this one is THE ONE.
It wasn't logical. You'd already seen a number of similar, perfectly fine homes on past appointments. But something about this one struck a chord and you just knew; this one was different, somehow. As you continued on your tour of the home, with each turn there was something new and exciting you discovered, and by the time you'd gone through the entire house, you already knew it in in the bottom of your heart.
You had fallen in love with your next home.
As you walk away from touring the home, you don't even realize it yet, but you're sporting that goofy-happy grin and a look of dreamy haze in your eyes. As Carrie Bradshaw would say, "I have died and gone to real estate heaven."
This is probably one of the truest examples of the phrase, "love at first sight." The house had all the items on your checklist, even including those on the "want vs. need" list and was also well within your price range. It's almost as if it was too good to be true.
Sometimes, that may be the case. It's not necessarily that the home has some treacherous, hidden faults that would would necessarily break the deal. The problem, instead, can lie in the fact that some of those less than settling facets of the house might easily get overlooked in the rush of excitement and lust.
What happens often times in this moment of dreamy real estate bliss is what we refer to as the Mr. Blandings syndrome. You see, Jim Blandings, from the 1940's movie "Mr. Blandings Builds his Dream House" fell victim to this very feeling of euphoria. Originally based on the 1946 novel of the same title, Mr. Blandings and his family currently reside in the heart of Manhattan in an overcrowded apartment, and at seeing an ad for a home in suburban Connecticut, he blindly follows his heart and purchases the home (paying well over what the owner likely would have sold it for to someone locally) against the advice from his friends. The 200-year-old dilapidated farm house has to be torn down for Blandings to rebuild his dream home in its place, but by a comedy of struggles with construction issues, contractors, and surmounting costs, he's brought back from his fantasy of a dream home with a harsh dose of reality.
What we can learn from Mr. Blandings is that while it's perfectly normal to get that special feeling when you discover THE ONE, it's also prudent to not dismiss or underplay warning signs simply because you're in love.
Love can be a fickle emotion to control, particularly when it involves a large financial decision, such as the one to purchase a home. While it's an exciting time once you find THE ONE, it's important to remember to reign in your emotions and still view the purchase with as much of an objective view as you possibly can.
You wouldn't want to fall head-over-heels in love with the home on the first touring, then find out after rushing to place an offer that the home has some serious issues - whether they be structural, financially, or otherwise. It's hard to see all of those potential problems while you're still in the "honeymoon phase", but after that feeling wears off, you may start to see the flaws for what they truly are.
According to this article, published from National Post, there's several psychological factors we take into account when it comes to decisions based on home buying. There are many things that may be subtly influencing your decisions on the home - some of which you might not even be aware of! The feeling of "falling in love" sometimes can surpass those tiny discrepancies you may initially notice but quickly brush aside, simply because the feeling of love overweighs the logical thought process of house hunting.
Psychology aside, it's important to make sure you have someone to help keep your home buying goals intact. So this Valentine's Day, make sure you have a trusted RE/MAX Alliance associate to help guide you through the home buying process - making sure you don't forget to take off your "love goggles" when it comes time to place an offer.