There is a strange conundrum in the market right now --- how can inventory levels be so high, buy yet buyers aren't finding any homes they want to purchase?

As you can imagine, this is quite frustrating for both sellers and buyers.  Sellers can't fathom how, with 20+ months of homes for sale (in some price range) a buyer couldn't find just the right house to purchase.  Buyers can't fathom how, with more options than ever before, they can't find the right home to purchase.

But it happens, relatively frequently!  Over the past few weeks I have worked with several buyer clients to try to find a next home for them to purchase.  We have looked at quite a few homes (8 in one case, 10 in the other), but none were the right fit for them.  Whether it was the location, the floor plan of the house, the amount of yard space, the interior finishes, or the price, there was *something* about each property that made it not quite right.

The first set of my clients did eventually find something to buy --- by looking at a slightly higher price range, and then being fortunate enough to want to buy a house where the seller was able and willing to negotiate down to the buyer's initial price range.

The second set of clients did not find the right home for them.  They did find two houses that were pretty close to working --- both of which we perceived to be pretty good "deals" in the market --- but they would have been compromising in some way to purchase either home.  My clients thus concluded that even though one of those two houses was their best option, and was a reasonable deal in the market, that this still didn't mean that they should buy it.

By no means am I encouraging all buyers to hold out for the perfect house, nor am I suggesting that you won't have to compromise on some of your goals and desires as a buyer.  But I do hope that buyers remember that unless they will truly be homeless if they don't find a house to buy, that just because a particular house is the best option on the market today, that doesn't necessarily mean you should go ahead and buy it.  Look at the full picture, and think of the short term and the long term!

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Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com