Does your mother -in -law have to be your broker (or your mortgage broker, home inspector, etc.)?
Whether you agree with the saying “Time is money”, I believe that what you think you will save financially by going with a third -party real estate professional, you will probably be break life or worse if you deduct the amount of time that is lost between hostility and bad blood. near family member (or friend) with whom you want normal contact. (This can be waived from distant family members/acquaintances that you rarely see and nobody will give you sadness.)
I am currently teaching in a summer conon. Course for MBA grad students, and this dilemma is an important bottleneck for many people to understand: Opportunities.
Chance costs are what you give up when you choose one option above the other. And let’s really be – the older we get, the more we realize our mortality, either due to illness, loss of other family members and friends, or just our aging performances (I feel that one morning I woke up randomly with a piece of gray hair around my temple, ha!).
So the alternative costs for something are not just the dollar amount. It also includes lost time, peace of mind (including the ability to attend family functions without literally or figuratively throwing knives or forks such as on FX’s the Bear), or any other advantage.
“Were you nearby in the 1900s?” Asked by My Gen. Z -students (ha!). If so, you will probably remember MasterCard’s marketing campaign, priceless. Herein CommercialThe costs of a dress were not only what was spent in the store, but the expression on the face of her ex … priceless.
In short, make sure you take into account the costs of your peace of mind, which frankly can be priceless (such as the old Mastercard commercials wisely confirmed).
Fortunately sell!
Lee Davenport is an international real estate trainer (as well as a former RE/Max Managing Broker and Agent).
This column does not necessarily reflect the opinion of the editorial department of Housingwire and the owners.
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