Why is it taking you so long to find your dream home? You’ve been to several showings with your real estate agent. You’ve attended too many open houses to count. You even spend your spare time on real estate sites looking, but you just haven’t come across the right place yet. Honestly, you’re beginning to wonder if you’ll ever find a place to call home at all.
While finding a home can take time, after months of failed attempts one can become frustrated with the entire process. Though you don’t want to settle for something that’s not what you want or more than you can afford, there are some things to keep in mind that could help you find just the place you’ve been looking for:
Having an Unrealistic Wishlist (Compared to Your Budget)
One of the first things that may be preventing you from finding your dream home is your wish list as it compares to your budget. If you’re looking for a large, modern, new construction house with a basement walk-out, large backyard, and an open-concept floor plan like those shown here, you have to be able to afford it. If not, you have to adjust that wish list to meet your budget.
Not Searching According to Your Budget
Another factor that could be holding you up from finding the house of your dreams is your budget. Buying a house is not cheap and keeping up with those costs is another factor you have to consider. If you have a smaller budget for purchasing a home, you have a few options. You can choose a different area to move to, opt for a smaller house, or stay where you are and save a bit more until you’re able to buy the house you really want.
Inexperienced Real Estate Agent
Real estate agents are hired to help make the home buying process a lot easier, however, an inexperienced real estate agent isn’t going to get you very far. If they don’t have connections, aren’t familiar with the area, or are new to the industry, they may not be experienced enough to help you locate the house of your dreams. So, if you’ve had the same real estate agent for several months without any property showings that come close to what you’re looking for, it may be necessary for you to look for other agents.
Under Bidding the Competition
It’s a competitive market out there. Everyone who is anyone is looking for a house to either buy or invest in. This means that if a property does come along that you’re interested in, you have to be willing to put your money where your mouth is. If you’re going in under the asking price and there are a lot of interested parties bidding at or above the asking price, chances are you’re going to miss out. It is best to take the advice of your agent and try to bid more competitively to get the house you want.
Overlooking Hidden Gems
Though you should most certainly be able to get the house you want with all the things on your wish list (within your means), sometimes you have to be willing to think outside the box. So many people turn down good properties simply because they don’t look exactly like they imagined. The kitchen is outdated, one of the rooms is smaller than you imagined, it’s not quite open-concept, or the basement isn’t finished. To be quite honest, most of these things can be changed over time. If you get the house at a good enough bargain, you can use your additional funds to complete some renovations to update the property to your liking.
Buying a home isn’t meant to be a quick and easy process. This is a lifelong decision and a significant investment that shouldn’t be taken lightly. That being said, if you’ve been searching for homes for months or years without any luck, perhaps you need to go back to the drawing board and consider the underlying reasons listed above. In making a few minor changes, you should be able to find the home of your dreams a bit easier.