General
Information
Answers to the most Frequently Asked
Questions
of real estate professionals!
When Have You Seen Enough? |
  |
When Have
You Seen Enough Homes?
As we all know, a home purchase for most people is
the single largest financial investment of their lives. As the price of
homes continues to edge upward, buying a home takes on even greater
significance.
One of the dilemmas facing a prospective buyer involves the number of
homes that should be seen before making a final buying decision. Some
people are not content until they have seen every home on the market in
their price range.
How do you know when you have seen enough homes in order to make an offer
on a certain home with the confidence that it is the right one for you?
Basically, you want to accomplish two things:
HAVE YOU SEEN ENOUGH HOMES TO HAVE A GOOD GRASP OF VALUES?
It is difficult to make an informed buying decision until you have had the
opportunity to view various homes and compare their prices. Home showings
also help educate you as to the buying power you possess for the area you
want. It is sometimes sobering to learn that you cannot buy as much home
as you originally thought. After seeing a number of homes, it is not
unusual for buyers to adjust their expectations of the home size and
features they can afford. You may have to settle for a lesser home than
you thought in order to get the location that is most desirable to you.
HAVE YOU FOUND THE HOME THAT "FEELS" RIGHT?
You will know when you have found the home that is right for you. This
often happens when you drive up in front of the house or when you are just
inside the front door. The right home not only has most of the features
you want but it also appeals to you emotionally. No one else can tell you
that a certain home is right for you. You usually have to sense it for
yourself.
ADVICE: If you have a good grasp of local home values and have
found a home that feels like the right home for you, don't look further.
You really don't need to see every home on the market. As a matter of
fact, too many home showings could even confuse you. It is also not
unusual to find the right home after only two or three showings. There is
no magic formula. Every buyer and each situation is different. Just rely
on your own common sense. |