Experiencing the Transaction: Meeting the Seller in Residential Real Estate
When a person buys a house, do they meet the previous owner who sells them the house? The answer is yes, of course, when the sellers are directly involved in the sale. Additionally, it might be possible, even when a real estate agent is involved, that the seller and buyer meet. This interaction can vary widely from country to country, and provides unique experiences for both parties involved.
Real Estate in the US: A Distinctive Transaction Process
In the United States, the norm is for buyers and sellers to work through real estate agents. The transaction is typically handled by an escrow agent, ensuring a smooth process without the need for direct interaction. This approach can be seen as advantageous, as it protects all parties from potential emotional setbacks. Therefore, it is unusual for a buyer to meet the seller, unless the seller is directly involved in the sale process.
Personal Experiences
Long ago, it was not uncommon for a real estate agent to be the facilitator in the home-selling process. In such cases, the seller and buyer might have the chance to meet and even become friends. For instance, while selling three homes, the author went from showing potential buyers around to negotiating the final deal with them, building a lasting friendship that continues even after the sale.
The author’s first direct experience with meeting a seller in the US involved a situation where the bank was trying to extend the sale process, causing inconvenience. After discussing the issue, they agreed to push forward without delay, maintaining a professional rapport. Another instance involved a seller who was deemed unsuitable due to their eccentric behavior, ensuring the transaction remained professional.
Meeting the Seller Abroad: An Irreplaceable Bond
Outside the US, such as in the UK, the experience of meeting the seller is often more personal, even leading to lasting friendships. This was particularly the case with the author’s first property in the UK. Despite the transaction, the sale fostered an enduring connection with the new owners, who became lifelong friends.
After moving to the countryside, the author occasionally visited the former house to see their children spend time with their own first home. Over the years, this led to an unbroken chain of friendships, highlighting the unique emotional aspect of a home sale.
The author’s account showcases how meeting the seller can lead to lifelong relationships, transforming a transaction into a more meaningful experience. Whether through direct sales or the assistance of real estate agents, the buyer’s journey in home purchasing is not merely about the transaction, but also about the interactions and connections formed along the way.