Buying a home should be a fun, exciting experience. After all, you’re searching for a new place to call your own.
Unfortunately, there are too many times where a buyer starts a home search and gets so wrapped up in his or her own issues, they make their home search more difficult than it needs to be. If you’ve been out there searching for Knoxville homes for sale, but have failed to find a house you love, here are 5 reasons why you’re not finding the right Knoxville home for you.
Unrealistic Expectations For Your Price Range
Once you’ve been pre-approved, you should pretty quickly understand what is typical in your price range and what is not for a particular location. For example, at a price range of $150K, you may find that certain number of bedrooms, square footage, and certain upgrades are pretty typical in the price range.
Still, if you’re not finding the upgrades you want in your price range, you’re only left with a few options. First, if you are able to, you can spend that extra money to get the upgrades you want. Second, you can search in different areas that are a little more affordable. Finally, you can keep searching in your price range and find a house that you can upgrade later on.
Distracted By Cosmetic Issues
One thing that can really kill a lot of buyers is getting hung up on cosmetic issues. Paint, flooring, landscaping, among many other things can all be very easily changed. Unfortunately, a lot of buyers are unwilling to look through these items when it comes for searching for a house.
If a house just has some cosmetic issues, don’t be too quick to run away from it. You may be able to get a better deal on the house and make the upgrades you want after you but it. Or, you could consider a loan option that would allow you to make the changes and finance them into the loan. An FHA 203(k) loan will allow you to buy a house with 3.5% down and make the changes to the house that you’re wanting to. You can update the kitchen, repaint, install new carpet, among many other things to get the perfect house you want. For more information about these types of loans, look here to see what your options are.
You Don’t Know What You Want
There’s a lot of truth to saying that “buyers are liars.” There are so many times that buyers say they want one thing only to completely do a 180 in the middle of the process and decide they want the complete opposite.
While it is a buyer’s prerogative to change their mind during process, starting your home search completely blind isn’t doing yourself any favors. Before starting your home, familiarize yourself with what you want and need in a home and have a clear differentiation of the two. You may want an updated kitchen, but that is not as much of a need as your need of a certain number of bedrooms or space to convert into a home office.
It is great to be a decisive buyer. Knowing what you want in a home is a huge asset, particularly when you can voice those needs to your realtor. Still, it’s a fine line between knowing what you want and being just way too picky. If you’re too busy picking apart a color scheme that is easily fixable, you may find yourself missing out on the great potential a house has to offer.
As you start your home search, keep an open mind. Instead of immediately picking out what you hate about a home, consider what you like and if the things you dislike are fixable. Not every house will be perfect and the house you ultimately buy will not necessarily have everything you want, but if it has most of what you want you can consider that a win.
Moving Too Slow
When a great Knoxville home for sale hits the market, it typically won’t last. In the last few months, in certain price ranges, great homes have been only on the market a matter of days before getting an offer. This means as a buyer you need to be prepared to move quickly when new houses of interest hit the market.
If you’ve been having difficulty finding the right home or have missed out on a great home, be sure you have a realtor who can notify you when something new is on the market. You will also need to be prepared to make the time to look at things quickly and make a quick decision if the home meets your needs.
Bottom Line – Don’t Be Your Own Worst Enemy
Finding the right Knoxville home for sale should be a positive experience. Enjoy the experience and don’t be your own worst enemy
Are you thinking about buying a Knoxville home this year? Please let us know if there is anyway that Knoxville Home Team can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected]. Also, be sure to check out our Knoxville Home Search Page.
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