Can You Make a $300,000 Decision In Less Than An Hour?


Can You Make a $300,000 Decision In Less Than An Hour?
By Scott Rogers • April 28, 2022
It's a weird time to be a home buyer... in oh, so many ways! But here's one of them... Perhaps you are going to spend $300,000 on the home that you hope to purchase this year... or $400,000... or $500,000... or even more. Given current market dynamics, this might be how you experience this home that you are going to spend hundreds of thousands of dollars purchasing... [1] See the new listing online. [2] Drive by, slowing down, looking like a stalker. [3] Frantically call or text your Realtor to set up a time to see the house. [4] Spend 30 - 45 minutes walking around and through the home with your Realtor. [5] You'll have to make an offer quickly, so no time for a second showing. [6] You're competing with several other offers, so no chance of including an inspection contingency. [7] Diligently work through the buying process with your Realtor, lender and title company. [8] Walk through your home one last time -- oh wait, for just the second time -- on the morning of your closing. [9] Attend closing and pay hundreds of thousands of dollars for the home in which you have only spent less than an hour of time thus far. [10] Move in, really get to know your home, and fall in love with it!? Hopefully!? ;-) The point is... in this fast moving, competitive market... most buyers will find themselves needing to make a decision about a very LARGE purchase very QUICKLY when that "perfect enough" house hits the market! 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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