Buying a Home Can be a Bumpy Road but the Destination is Well Worth It

By
Real Estate Agent with Midha Realty

Buying a home is exciting right? You get to look online at websites and through apps, find homes that you like and then get in a car and take a look at the homes. Very soon you have found a home and then you make an offer. If the stars are aligned then your offer gets accepted and you are on the path to the american dream of home ownership.

The reality is that your offer may not be accepted. For the last few years the housing market has been very competitive, the supply for homes is lower than the demand which means that many people are looking. This is obviously dependent upon price point and area. If your offer does not get accepted this is a blow and you feel very disappointed. 

So you get back in the car, look for other homes and the process starts again. You find another home that you like, make an offer and ..... . You may or may not be lucky enough to have your offer accepted. 

The process of making an offer and it not being accepted can be a crushing one. I have had one couple who made 6 offers on 4 different houses before their offer was accepted. However they stuck with it, they were completely sure of which subdivsion they wanted to live in, and finally an offer was accepted. They moved into their home in December 2019 and LOVE their home. Family gatherings take place at their home - ok they almost always did even before - but now the home is theirs and matches their personality.

I have another client, D. Williams, who made offers on 3 houses before her offer was accepted. Actually she had 2 offers that were accepted but after we found out that one of the homes had been built on a flood way she wisely decided to terminate the agreement. During this process she wanted to give up on multiple occasions but she didn't. She stuck with it and guess what???? She LOVES her home and tells me often that she is so happy that she did not give up. In fact the statement below is from D. Williams:                                                                

“Being a first time home buyer the process can be daunting and disappointing at times.                            

But to keep things in perspective you will need to be Persistent. Neel is a great agent and you are not alone. 

                           

P  repare to be committed                            

E  mbrace the process                            

R  enew your spirit                             

S  earch for what fits your needs                            

I  nvest time in your search                            

S tay focused on YOUR goal                            

T ake time to relax and enjoy – You did it!”

 

And she did it ... see below!

 

 

 

So the moral of these stories is that if at first you don't first succeed carry on and you will. There are things you can do to increase your chances:

  1. Get fully approved with respect to financing - this shows sellers that you are serious and puts you ahead of other people who are not. It takes more effort to be fully approved and will require a credit check but if you are seriously looking you will need to do this at later stage and so do this at the start.
  2. Time is of the essence - Realtors will tell you that in home buying time is important and you need to make decisions quickly and be available to sign offers. If you snooze you lose the ability to sleep in that home.
  3. Get a trusted real estate advisor who can help navigate you along this path - bumps will still be there but hopefully they will be smoother.

Contact Neel Midha on (770) 570-8007 if you would like more information on this article or a trusted real estate advisor.

 

 

 

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buying a home
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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello and excellent blog and great points for people that want to buy a home.   Always a great investment

 

 

May 08, 2020 11:37 AM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

You should use your blog settings to create an automatic signature for your blog. Readers want to see your contact information.

May 09, 2020 08:05 AM #2
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Neel Midha

Knowledgeable and fun loving Real Estate Agent
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