3 Reason Why Buyers Fail At Their Knoxville Home Search
Have you ever gone to the store without a grocery list?
If you’re like most people, it usually turns out to be a bit of a disaster. When you go in hungry, you pick up a million things that you don’t need like chips, candy, or ice cream. And, of course, you forget to pick up everything you do need, like when you’re out of trash bags or milk. Grocery trips that start this way are often unsuccessful and regretted, you find yourself back at the store picking up everything you do need.
When you go about your Knoxville home search in a similar fashion, without a care and without planning, you may find yourself missing out on great home and buying a home that you regret. This can be why many Knoxville buyers fail at their Knoxville home search.
In this post, we’ll look at 3 reasons why buyers fail at their Knoxville home search and why you can avoid doing the same.
Jumping Right In
Jumping right into your Knoxville home search can be a bit of a mistake. This often results in buyers not quite knowing what they want and making assumptions about what they want.
This is often where the common real estate catchphrase comes from that “buyers are liars.” When a buyer jumps headlong into a home search where they haven’t put much thought into what they want, they sometimes find they are wrong about what they’re looking for. A buyer may assume that they want a 4 bedroom house in Farragut with a two car garage, but after looking at Farragut neighborhoods they may find that the homes don’t have enough character for the.
A buyer may assume that they want a 4 bedroom house in Farragut with a two car garage, but after looking at Farragut neighborhoods they may find that the homes don’t have enough character for them and that they’re going to spend up much more than they planned. Before they are able to come to this realization, the buyer may look at 35 houses on countless weekends.
Before you start your home search, get pre-approved so you know what you can afford and do some online looking before you look at houses. This will give you a better understanding of what kind of homes are out there.
Failing To Think Long Term
When you’re thinking about buying a home, it can be hard to think too much about the future. You’re more concentrated on finding the right home for right now. But, thinking about the long term investment of a home is incredibly important, because at some point your life with change and you’ll need the home to fit those needs.
A home is a large investment. In order to recoup your original investment, you’ll want to stay at least 3 to 5 years. So, at the very minimum, you’re going to want to buy a home that fits your needs for that time period. Unfortunately, there are many times where buyers don’t think long term about a house. This can cause them to make the mistake of buying the wrong home to fit their needs.
When you think about buying a home, consider what kind of home you’ll need in the coming years. It doesn’t have to be what you’ll need for the next 30 years, but at least for the next 5.
Listening To Other People’s Opinions
Finally, many buyers fail by being too swayed by other people’s opinion. When you buy a home, it’s your opinion that matters, not your mother’s or your brother’s. There’s something to be said for getting an outsider’s opinion, but just be sure that you’re not to swayed by it.
Buying a Knoxville home is a very personal experience. It’s about finding a place that fits your needs and fits with your lifestyle. What works for you and what works for someone else can be completely different things. Don’t get too caught up in what others say about a home, otherwise, you may find yourself buying a home that is suited for someone else.
Your realtor, though, can provide you with a crucial opinion. Realtors are able to provide you with a candid opinion on whether a home is a good investment and if you’re paying the right price. Realtors know the good qualities that make a home good for resale and they can make sure that you’re not paying too much money for a home.
Are you thinking about buying a Knoxville this year? Please let us know if there is any way that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at Rick@KnoxvilleHomeTeam.Com. Kati can be reached at Kati@KnoxvilleHomeTeam.Com or by phone at 865-696-1888.
If you’re ready to start your home search today, be sure to our Knoxville Home Search Page.