Cars Versus Homes: The Buying Process

Buying a car or a home is a big investment, but there’s a difference between the two. Our broker Steve Stovall explains the buying process for cars versus homes in the video below.

Hi, I’m Steve Stovall with Berkshire Hathaway Stovall, REALTORS (previously-Stovall, Realtors). Today I’m outside on kind of a cold and wet day in the parking lot to illustrate a point. I might want to buy a different car, I don’t know, this car has been pretty good for me, but… it’s just not very cool. I’m kind of thinking about buying another car; don’t tell my friends at the car lots. The thing is though, once I figure out what kind of car I want, then I can go and look around in different car lots and see what kind of deals I can get. I might have a friend down the street at the Toyota Place, which I do, and he can show me the cars that they have. And I might have a friend here at the Buick Place, which I do, and he can show me the cars that they have. But, there’s not really a way to look at all the cars in town.

There’s not a multiple listing service for cars. But in the real estate business, you can just go to one person, at one real estate office, and we can show you all the houses in town. So really, it’s to your benefit and your advantage to use one Realtor.

That’s kind of the lesson for today. With cars, it’s a little bit different. If I want this particular kind of car, then there’s a million of them on the road that look exactly like this one. With houses, they’re very unique. There’s one house, and all of the Realtors can show that one house, all the Realtors that are in the Multiple Listing Service.

So, get with a Realtor that you like and that you trust… [turns to cat] Right? Do you agree? [cat touches Steve’s arm] Ok, thank you for that. He’s pointing to the Realtor that is trustworthy, thank you.