Buying The Right Home ... It Isn't Always About The Price
Buyers seem to be obsessed lately with getting the best price. Are they overlooking things they should be paying attention to? This post from Jim Valentine in Garnerville, NV gives some advice and suggestions on what should be important factors to consider when purchasing a home. Price should not always be the motivating factor.
Lifestyles you prefer? Kid friendly areas? Dog friendly areas? No maintenance? These are just a couple of other important factors to consider.
When you do find a home that you like, is it worth it to quibble over $500? The ultimate decision is always yours, but not getting the home that truly fits your requirements for $500 is not serving your long term needs.
Enjoy the post.
Buying The Right Home ... It Isn't Always About The Price
In Carson Valley, Nevada ... like most communities ... price has, and always will be, a critical factor when buying a home. It seems, however, as if price has recently become an obsession with some Buyers to such an extent that their mindset is detrimental to their own interest. There is so much more to buying a home to live in than price.
Value is the eye of the Buyer ... or Seller. Seller's have their reason for value - their perceived need for a price to achieve, their family memories, or the many upgrades they've put in the home that separate that home from the rest of the market. Buyer's on the other hand, are visualizing their enjoyment of the property, but don't yet have the personal connection to the property. They are dreaming about what can be.
What affects price? Location, of course. But what might be a great location for one person can be a terrible one for the next. Living on a park can be great ... if you can tolerate the crowds that it attracts. Living conveniently in town is great for kids' activities... unless you want horses. Living in a condo is great for minimal maintenance ... unless you have three dogs.
If you travel frequently you will likely enjoy landscaping that requires minimal landscaping. If you like horses you'll enjoy an existing horse set up. Like to recreate on public lands - proximity to BLM or Forest Service property can provide great pleasure to you and your family. Have a boat or other toys - you'll enjoy a three car or larger garage that will protect your investments.
Many factors inside can make a difference in houses. Entertain a lot - double ovens will come in handy. Have a lot of kids - good luck with a single bathroom. Enjoy the mountain scenery - every day you wake up and see a special view from a real view property will make you feel like a winner. Whether you like a great room design, or formal "compartmentalized" design - buy the style you really like and you will enjoy your time at home. Like granite counters or do you prefer tile?
Want a garden ... or not? Need room for the RV or do you want a small lot? Do you mind fixing up a home? Are carpet and paint all you want to do, or will you do other significant repairs? Ready to tackle landscaping - new and bank owned properties require that you do.
Our Advice: Don't
worry about the last $50 on the negotiating table. Consider the overall transaction and weigh the benefits - pro and con. If there is a better home for you out there then you should be negotiating to buy that home.
If you have found the perfect home, make an offer, negotiate the best price, terms and conditions that you can, buy it, and enjoy it. Unless it is a rental property where the numbers dictate your actions, realize that there is an emotional return on your investment when buying and living in your primary residence. Get a high rate of emotional return and you will understand why price, though important, is not all-important.
Finding the right home can be rewarding in many ways. Don't overpay and don't stress over trivia. Don't miss the opportunity to enjoy the right home for the sake of a dollar - you'll be "tripping over happiness to chase a dollar".
When it comes to choosing professionals to assist you with your real estate needs ... Experience is Priceless! Lisa Wetzel & Jim Valentine, RE/MAX Realty Affiliates, 775-781-5472. carsonvalleyland@hotmail.com, www.carsonvalleyland.com
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Lisa Wetzel and Jim Valentine are the authors of this blog. Lisa, Jim and Jessie are experts in Carson Valley, Carson City and the tri-county area of Douglas County, Carson City and Lyon County. Call our team anytime at 775-781-5472 or 775-781-3704. To Search for Homes go to: www.findhomesincarsoncity.com or visit our website at www.CarsonValleyLand.com
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