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Why buy a house? At the end of the day you have to live somewhere!

By
Real Estate Broker/Owner with Richard Weisser Realty

Why buy a house? At the end of the day you have to live somewhere by Richard WeisserOne of the most interesting aspects of the real estate industry is that it is not necessary to convince anyone that they need a place to live.

As a consequence of that simple tenet, there is always an underlying endemic demand for housing.

The only governing forces that temper demand are affordability and availability. Finding the right property at the right price is often as confounding as the riddle of the Sphinx.

And when demand is high, competition to stake a real estate claim can be fierce.

Many buyers are often surprised to discover that buying a house is not as easy as they expected.

A buyer’s needs and wants must often be subjected to compromise in order to compensate for limited time windows or the buyer’s available financial resources.

But at the end of the day you have to live somewhere anyway!

 

So often a little compromising can go a long way towards a successful home purchase!

Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Richard indeed so compromise must be part of the equation for either the buyers or sellers depending on the market. We're now heading back into another round of sellers market (after a 6 month leveling out) and buyers are scrambling to make their offer the best possible and makes compromises on terms as well. Have 4 in hand this morning for one home. Only one can win this one.

May 02, 2014 05:12 AM
Rene Fabre
ARFCO Media - Renton, WA
Practicing Philosophical Eclectic of the Arts

Hi Richard... Great post! Compromise is always part of the equation (well, if you're a working person and money has its limits). We all end up with what we can afford, yet I fear for my kids as I see wages on the downturn and housing costs moving up over the long haul. Though I'd love to have a house, my condo is comfortable and I can live within my means and enjoy ownership.

May 02, 2014 05:52 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

The older I get the more I think renting is a fine idea.  Who needs maintenance?  Now if I could get them to build a 55 and over community on the lake life would be perfect

May 02, 2014 06:44 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

In my experience over many years, the choice is simply buy or pay rent.  There are still folks who see value in renting. 

May 02, 2014 07:47 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

There are many many reasons to buy.  They outweigh the reasons for rentin

May 02, 2014 11:16 AM
Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Richard, So very true, it is one of the basic necesities of life! Have a great night!

May 02, 2014 11:31 AM