Should I Wait For A Better House To Come On The Market?


Should I Wait For A Better House To Come On The Market?
By Scott Rogers • February 6, 2019
This is a common question at this time of year -- as new listings start to trickle onto the market -- but before the deluge (hopefully!?!?) of new listings in March and April. As a buyer in a low inventory environment, you (hopefully) know that you may have to compromise on some of what you're hoping for in your next home. Otherwise, you may be sitting here a year from now, still not having moved forward with a home purchase. But how much (!!??!!) should you compromise -- that is the tough question at this time of year. After seeing absolutely NO new listings that would work for you in November, December and January... ...when a new listing pops on the market in February that could work -- sort of -- but would requirement some relatively major compromises in areas A, B and C -- what do you do?? Do you go ahead and pull the trigger because it is much better than anything we've seen in months? Do you commit to buy because you're just tired of waiting around and you want to get this home buying show on the road? Do you decide to wait and then kick yourself a few months from now when we haven't found anything better for you to buy? These are not easy questions to answer -- but we can and should and will talk it through on a house by house basis. We'll be evaluating how far off the mark the house really is -- and how likely we think it is that another, better, option will come on the market in the coming months. So, don't just buy anything that comes on the market just because we've passed through a desolate winter without many new listings -- but at the same time, don't let a good (or good enough) option pass you by! Easier said that done, right? ;-) Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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