While talking to some of our buyers, it occurred to us that they currently have too many Choices . Now this is not news to anybody who serfs the web, but if you plan to buy anything you have to set limits and need to have perimeters. We are currently into our third month of choosing living room furniture that no one will use. I not going to make this a long post, but simply point out that in any buying decision, the buyer has to decide what they need, what their standards are, and what they are willing to spend.
In the go-go days of the housing boom, you basically bid on your minimal requirements and hoped for the best. Today with four times the inventory of the boom, many potential buyers are asking, isn’t; there something better at a lower price coming on? We’ll, ya ,maybe. But what is it that you need and are you qualified to get it if it comes on the market. Right now the biggest issue is getting a loan and the second will the property appraise.
Think. No home is perfect. Everything can be changed for a price. What neighborhoods do you like, what do really need for for the next 5 to 7 years, then talk to your loan broker or lender and find out what you you can afford to pay on a monthly basis.
Filed under: California Real Estate, Livermore Real Estate, Real Estate Economics, Tri-Valley Real Estate | Tagged: choices, confused, neighborhoods, too many choices, undeceided
