Buying Maine Real Estate
Rethinking Your Home Search
In our experience most home buyers claim they're picky. And why
shouldn't they be? The real estate they buy will be home. It needs to
provide more than just a roof over their head. It needs to satisfy
emotional needs that aren't easily quantifiable. The home is a
reflection of the self, which makes the quest for the right place to buy
complicated.
Since the home-buying experience is intermeshed with the psyche
of the person in pursuit, there's a psychological component to consider.
For example, let's say you have been searching for the right home for
years. You haven't seen too many properties that fit the bill, and have
only made an offer or two during that timeframe. The property you really
loved turned out to be entirely too expensive. You lost out in a
multiple-offer competition on a property that was listed too low.
You've come close to making an offer several times, but have
backed away after reconsidering. Each property had defects in terms of
your ideal wish list. You weren't willing to compromise.
House Hunting Consideration
Buyers who find they've been looking for the right house for more
than six months should pause to consider whether their expectations are
in line with reality. For instance, if you want a bay view and a level
lot, you may find that you'll wait forever. Bay views tend to be
available only in homes that are built on hills. Home buying involves
making compromises if you're serious about buying.
In order to decide how you will compromise, you need to research
the local housing stock to discover what is realistically possible. In
other words, you need to do your homework. The perfect house won't just
magically appear. To save time, use the Internet to whittle down the
list of homes for sale until you find the ones that suit your needs.
Then make a point of visiting these in person, either with a real estate
agent or at an open house.
Buyers with pressing needs usually have less of a problem finding
the right home to buy. For example, if you live in an area with a
school district you don't like and you have children who are about to
enter school, you need to move if you can't afford private-school
tuition. You have an urgent reason to move that preempts the desire for a
perfect house. You'll settle for the right number of bedrooms and
baths, a yard and a good school district. You may be willing to give up
on the Old World charm or character that you were hoping to find.
You may be getting out and seeing the listings that might work
for you and still aren't having success. In this case, you could be
suffering from approach-avoidance. This syndrome can keep you from
making a decision, even when you see the right house to buy. You come
close to making an offer but never carry through.
Buying a home can be frightening, particularly if you are doing
it on your own. It's a big commitment, perhaps to a lifestyle that
you're not used to. It's helpful to consult with advisors when you find
that you're getting nowhere. Talk to a trusted financial advisor to see
if you're looking in the right price range. If you're over your head
financially, scale back to a level that feels comfortable.
Reconsider Your Wish List
It can be useful to reconsider your wish list in terms of what
you've learned about your local market and what to expect. By realigning
your expectations and readjusting to a comfortable price range, you may
feel more comfortable moving ahead.
Automate Your Home Search
 With
the advent of the Internet in real estate, your options for searching
for homes has been increased significantly - but who has time to check
the MLS every day?
Our Home Search allows you to
predefine your home requirements, and as matching new homes come on the
market they are email directly to you. Of course, you can modify your
search at any time! Just complete the simple form and let us do the rest
for you.
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Apr 24, 2023
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