What To Do If You Want To Buy A House But Are Discouraged By Current Offerings


What To Do If You Want To Buy A House But Are Discouraged By Current Offerings
By Scott Rogers • February 9, 2022
Are you trying to buy a house? Are you discouraged by seeing very few options on the market for sale right now? Here are some action items... [1] Be encouraged to know that in 2021, despite inventory levels staying very low all year, more buyers bought than anytime in the past 15 years. So, over the course of weeks and months -- plenty of new listings came on the market, allowing all of those buyers to buy -- despite very few homes being on the market at any given time. So, as we move through 2022, you are likely to see plenty of options coming on the market in the coming weeks and months. [2] Talk to a lender, ASAP if you haven't already. When a new listing of interest does hit the market, you will likely need to see it within a day or two and make an offer shortly thereafter. You'll need a lender prequalification letter to make a reasonably strong offer - so talk to a lender now to have that in hand when the right house does come on the market for sale. If you'd like a recommendation for a few great local lenders, email me. [3] Make a plan for keeping track of new listings. You need to know about new listings and know about them quickly. There are plenty of options out there, including NewListingsInHarrisonburg.com (with an email alert option), Realtor.com, Zillow, and many others. I can also set up a few saved searches on my end to be watching for the types of houses that would be of interest to you -- so feel free to email me with details of what you'd like to buy. [4] Go view new listings that are almost perfect. As new listings hit the market, some will seem to be close to what you'd like to buy -- but not quite perfect. Go see these houses anyhow. You might be pleasantly surprised that what seemed to be an "almost" house is a "perfect enough" house when you see it in person. If you see a house and conclude that it really is off the market, as you had anticipated, you will at least have further established a context for what you want to buy -- and how much you will likely need to pay for such a house. [5] It sort of goes without saying... but you'll likely be most successful in your home buying quest if you are working with a Realtor. Whether that's me, or another agent, engage a Realtor for assistance with the home search and home buying process! 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 22, 2024 (unless otherwise noted).
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