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FOMO

January 12, 2021

The McMillan dictionary defines FOMO as: “FOMO (also sometimes appearing in lower-case form as fomo) is a trendy new acronym standing for the expression fear of missing out, used to describe that feeling of anxiety which many people experience when they discover that other people have had fun together, been successful at something, or done just about anything which they might have wanted to be involved in. FOMO manifests itself in various ways, from a brief pang of envy through to a real sense of self-doubt or inadequacy.“

The issue with the amount of information that is currently available is that it is way too much, sometimes conflicting and it is hard to really know which information is correct and which one is not.

In our business, misinformation can be very costly. If you don’t understand your options you can make decisions that will cost you thousands of dollars. And sometimes, even if you have the correct information, if you team up with someone that does not know the business well, it will still cost you thousands of dollars.

We have seen time and time again home owners come to us in the last minute trying to salvage a transaction done improperly. Thankfully we have been able to help the majority of them, but there have still been the ones for who it is too late. In one of the last auctions before Covid we saw a house go to auction where the home owner had $69,000 of equity. The reason was an issue with the title as the property was part of an estate. The real estate “professional” did not know how to deal with this, did not have the proper team in place and ate the time the home owner had. Loss to the “professional”? Zero. Loss for the home owner: the equity that could have helped during an already very challenging time.

A phone call to us will clarify what the options are. Our many years of experience and established team of real professionals will ensure that, if you give us the opportunity to help, your transaction will go smoothly and we will deliver as promised. Take action today!

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