The Word That Is Best Embraced When Buying Real Estate is COMPROMISE
It is very rare that someone has a budget that will allow them to buy a home that has everything they are looking for
People who have a budget of $300,000 like properties that are $500,000
Those that have budgets of $2,000,000 like homes in the $4,000,000 range
It is good to make up your Wish List but also keep in mind what you might need to let go of to actually make a sale happen
The main compromises are:
If you want to be in a specific location and you only have so much to spend, then your only choice is to buy what comes up in that area
There is no point holding out for a 1,000 Sq. Ft home when all you can really afford is something closer to 500 Sq. Ft
If you need a 1,000 Sq. Ft and have a limited budget, then you have to adjust your location expectations and go where your funds can find you a property the size you need
We have seen people not willing to make a compromise and end up not buying anything as the market marches on without them and the next thing you know, they are priced out of the market all together!
Put together your Wish List that includes Must Have’s & Would Likes to make your property search much easier & stress-free
Contact us for more information to see if you are ready to take the next step in your home ownership journey!
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