Even If You LOVE A House, You Will Probably Only Be Willing To Pay So Much Or Remove So Many Contingencies


Even If You LOVE A House, You Will Probably Only Be Willing To Pay So Much Or Remove So Many Contingencies
By Scott Rogers • March 26, 2024
Sometimes we end up searching for a home you LOVE for quite a while! Sometimes we never find a house that you completely LOVE but we find one that you like, a LOT. But, yes, sometimes we find a house that you absolutely LOVE!!! And yet... 1. You are probably only willing to pay so much for that house that you love. If a house is priced at $400K and that price is in line with recently sold properties, and it is an absolutely perfect fit for what you want in a home, and like nothing we have seen in over six months of searching... then you might be willing to pay $425K for the house. But you probably wouldn't pay $450K. There is a limit, for most buyers, of how much they'll pay even if it is an absolutely perfect fit. 2. You are probably only willing to remove so many contingencies from your offer. Will you remove an inspection contingency from your offer on an absolutely perfect house? Maybe, maybe not. Will you remove an appraisal contingency for said house? Maybe, maybe not. Will you liquidate assets to pay cash instead of having a financing contingency? Maybe, maybe not. Will you take on the risk of having two mortgages and remove a home sale contingency? Maybe, maybe not. For any given house, even one that you LOVE, we'll have to discuss how far you are willing to go to buy that house -- relative to price, and contingencies. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? 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
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 24, 2024 (unless otherwise noted).
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