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Home NEEDS Vs. WANTS

By
Real Estate Agent with Transaction Alliance 513.520.5305 www.LizTour.com SAL.2002007747

When we start working with Warren County home buyers one of the many things we need to understand are the buyer's needs.  The true MUST HAVE items:

  • Minimum number of bedrooms and baths
  • Number of garage spaces
  • Basement needed?
  • Minimum size of lot?
  • School district? 
  • Number of floors?

These type items are not items that can be readily changed after purchase and have a significant impact on whether a home meets your needs or not.

After that we're looking for the negotiable WANTS like:

  • A fenced backyard
  • Privacy
  • Double vanity in the master
  • Pool
  • Community amenities

And the other thing we want to know is what to AVOID:

  • No main roads?
  • No corner lots?
  • No power lines?
  • Nothing near the front entrance of the subdivision?

 

Now sometimes there may be homes on the market (or available to build) that can meet every MUST HAVE and every WANT, but most likely there is going to be a need to make some compromises (we got EVERYTHING you wanted except that blue carpet???). 

The easiest items to compromise on are the ones that can be readily changed after move in with some minor remodeling or by substituing a WANT for something else available (community amenties lacking?  How about an annual membership to the local YMCA instead?).

We'll start with providing you the closest matches for your needs, and make adjustments in what we look for in your next home as we get to understand your needs better.  And sometimes our buyers may totally shift away from the MUST HAVE to a home totally unlike what they wanted at the start.  We once had a ranch condo only buyer purchase a three story townhome (and she LOVES it!).

 

Ready to talk more details about buying a Warren County area home?  Please reach out to us at 513-520-5305 or Liz@LizSpear.com. 

We look forward to hearing from you! 

Serving Warren County area home buyers and sellers,

Liz and Bill aka BLiz

 

Posted by

Serving Warren County Ohio & Adjacent Areas

The Liz Spear Team of Transaction Alliance
Elizabeth Spear, ABR, Ohio License SAL.2002007747

William (Bill) Spear, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

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Comments(6)

Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

Good article. Sometimes we have to remind the client of what's a "need" vs. "want" because they get excited about one feature and forget about the more important things. Thanks for sharing!

Dec 22, 2016 03:33 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Bliz

Differentiating between needs and wants is essential - sometimes the distinction is not so clear. I also like to know the why behind the need - sometimes in discussion you find out that the need is not really so important, or it might be vital!

Jeff

Dec 22, 2016 05:01 PM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Nathan & Angie, No doubt, keeping the big picture focus is critical.

Jeff, Especially with our patio home buyers, understanding the true needs is critical to opening up their options.  Do you need a 3 bedroom home, or a  2 bedroom with a study that could be used as a guest room?  That difference can significantly change the number of eligible homes.

Dec 23, 2016 05:14 AM
Vern Eaton
Askov, MN
Realtor 651-674-7449

I have heard a lot of wants lately instead of needs.   Sometimes hard to bring them back to earth

Dec 24, 2016 08:18 AM
Lynn B. Friedman CRS Atlanta, GA 404-617-6375
Atlanta Homes ODAT Realty - Love our Great City - Love our Clients! Buckhead - Midtown - Westside - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Liz and Bill Spear 
So clearly written - really enjoyed reading this post. Reminds me of the difference between URGENT and VITAL. ALl the best - Lynn

Jan 20, 2017 08:11 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Vern, It can be a delicate task.

Lynn, Glad you enjoyed it!

Jan 22, 2017 05:19 PM