If you are buying a home, it is important to have realistic expectations because in the words of The Rolling Stones, “you can’t always get what you want.”
We’re not saying that you won’t get a lot of things on your wish list and end up thrilled with your new home. Just understand that the perfect house simply doesn’t exist at any price point. We have seen people spend a lot of time looking at every home in their price point and not like anything. These folks end up getting very frustrated and blame “the market” for not offering them the perfect house at the perfect price.
DO YOU HAVE UNREALISTIC EXPECTATIONS?
If you can’t find a home you like, you may have to re-adjust your game plan. You should prioritize the things that you absolutely need in a home versus the things that you want. There are likely things that you positively must have, like a certain number of bedrooms and baths. Then, there are other things that would be nice, but not a necessity, like a 3 car garage. We are not saying that you should have to settle on a home that doesn’t make you happy. However, there does come a point during the buying process where you may have to be flexible.
Opening your mind to alternative locations may also be helpful. We see a lot of buyers start their search in one community or subdivision, but find that they can get more for the money elsewhere. Unless you have your heart set on a specific area, it can be helpful to keep your options open as you may be pleasantly surprised with what you find.
START WITH A PLAN
The first thing to do is get pre-approved for a loan and know specifically how much you would like to spend. Then, make a list of the “must haves” and “would like to haves” for your next home. It is imperative that all decision makers have input here so that everyone is on the same page.
Another critical part of the process is communicating with your agent. We get a chance to tour homes on a regular basis and can often pick homes out for you once we know what you like. Sometimes we end up finding homes for our clients just by talking to other agents in the market, homes that may be coming on the market soon, yet are not currently listed. Many of our clients also end up buying a home that did not meet their original specifications, so keeping an open mind here is helpful.
The most important thing is to be honest with yourself. Trying to fit a square peg in a round hole is a daunting task and will lead to frustration. Be realistic and understand that life is often about compromise, especially when buying a home.
The above information is compliments of The Schuman Team, Amy and Dan, of Howard Hanna Real Estate Services.
They can be reached at 216-346-3235 or 216-403-9189 or via email, firstname.lastname@example.org or email@example.com.
The Schumans service the following Cleveland area suburbs: Aurora, Bainbridge, Bay Village, Beachwood, Bentleyville, Chagrin Falls, Cleveland Heights, Gates Mills, Highland Heights, Hunting Valley, Lakewood, Lyndhurst, Mayfield Heights, Mayfield Village, Moreland Hills, Oakwood Village, Orange, Pepper Pike, Shaker Heights, Solon, South Euclid, University Heights, Westlake, Woodmere.
Does The Perfect Home Really Exist is the property of The Schuman Team and may not be duplicated or used without their written consent.©January, 2013