The real estate sixth sense

Mood of the Market

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Flickr photo by <a href="http://www.flickr.com/photos/bearpark/2505033427/">Menage a Moi</a>.Flickr photo by Menage a Moi.

Editor's note: This is the final article in a four-part series on sensory homebuying. See Part 1, Part 2 and Part 3.

At this point in this series, we've explored sight, smell and sound -- the primary physical senses involved in sensory or, more accurately, multisensory homebuying. Taste is, obviously, implicated much less frequently (although I did swipe a staging apple from a bowl a few weeks back during my third back-to-back appointment without a break on a day of "cardio house hunting" -- and yes, I did check first to ensure that it was a real apple, not a staging prop).

The other physical senses, touch and balance, are similarly tough to use on a house hunt, except to the extent that we perceive things like a funny wall texture, distinguish between hardwoods and laminate by feeling for wood grain, or sometimes feel slightly off-kilter when our footsteps alert us to an older home's sloping floor.

But the last sense we need to explore is not classified in the textbook lists of somatosensory perceptive senses. I submit that it ought to be listed in the real estate books, though.

The last sense is the real estate equivalent of a sixth sense. Let's call it "feel."

A few weeks ago, I showed one of my more discriminating buyer couples two homes back to back. We'd already gotten clear that they needed quiet, preferred the clean but warm austerity of the mid-century modern to the nook-and-cranny charm of the Mediterraneans and Victorians, and that San Francisco Bay views were strongly preferred.

So we looked at two places about a half-mile away from each other, both high up in the East Bay hills. They looked pretty comparable from the street -- both built in the 1950s, both in the general style these folks preferred. One was higher up on the hill and significantly larger -- that one was priced a bit higher, too. But the smaller one was the standout winner. Why? It had the "feel."

So much so that I actually wished, out loud, that the multiple listing service had a check box in the property description section where listing agents could indicate whether the property had the "feel." I'm using the term "feel" to describe both the perceptive sense and that quality of a home, which perceived, is interpreted in a buyer's brain/mind as "feel."

If you're a real estate fan, you likely already have a nonverbal concept of what feel is. But before we try to define it, let's get clear on some feel need-to-knows. First off, every buyer is not looking for feel. Some folks are simply pragmatic in their tastes, just grateful to be able to buy anything at all, or have other priorities and values for their home that trump feel by far.

Second, if there was an MLS check box for feel, I have no doubt that the rotten apples amongst my real estate colleagues would simply check it every time, even for places without feel, so that there would be little to no true information value added for having the box in the first place. In fact, it would very likely very quickly devolve to the point that if a property's listing did NOT have the feel box checked, you'd know it was pretty stinking bad. ...CONTINUED

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Submitted by Juliet Johnson on July 20, 2009 - 1:39pm.

It's wonderful to read such an explicit breakdown of a home buyer's point of view. As a stager, I work along side the seller so much that it's quite refreshing to hear what of our stuff works, and what doesn't.

Also, your concept of "Cardio House Hunting" is terrific, and spot on! 18 homes at a time, my colleagues are telling me.

Thanks for your most insightful post.

Juliet Johnson
the Home Marketing Maven, using home staging and online social media to position homes for sale... with a average DOM of 28 in 2009!

 
Submitted by Paul Howard on July 26, 2009 - 4:22am.

Great post! Some houses have 'feel' for some buyers but not for others. "Feel" partly is buried in emotions and memories of childhood that one can not plan for or ever really understand. I had a client that discussed this when I saw that she was drawn to a house because the detached garage had the smell of old oil - like that which was in her grandfather's garage when she was a child.

Paul Howard, Broker
www.NJHomeBuyer.com Realty
Cherry Hill NJ 08002

 
Submitted by Tim Ryan on July 26, 2009 - 6:36pm.

How do you determine that "feel" though? One clients might like four bare walls and think that elaborate staging is a piece of junk just because of color preference. It's easier to talk about the "feel" of the home if your buyers are status seekers.

Tim Ryan-Amerivest Realty
http://www.naplesguru.com
http://www.enaplesrealestate.com

 
Submitted by Sal Antsipenka on July 26, 2009 - 6:41pm.

I have a set of questions for my buyers before we even start looking at MLS. It's easier a little for me because I work mostly with foreign nationals and talking about their home town and their living habits helps a lot to find what they really want here in Naples. They always start with foreclosures at $60,000 and end up buying a home according to their lifestyle, normally closer to $300K or more.

Sal Antsipenka
VIP Realty, Inc
Naples, Florida
http://www.naplesrealestateseller.com
International RealEstate Buyer Leads
http://www.realestatefair.net