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Homebuyer Mistake: The Shoe Shopping Trap

Posted by amandadoub on January 19, 2015
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I like shoes and I LOVE shopping for shoes. When I peruse the shoe department, I’m picking shoes up, putting shoes down, inspecting shoes for heel height, color, stability and comfort etc… Finally, when the salesperson goes in the back to get me the pair I have chosen. I try them on and exclaim, “They’re PERFECT.”

But obviously, as you may know—just because that pair was perfect doesn’t mean I’m about to settle. From there, I try on 10 more pairs, maybe try another couple stores to check out their inventory, do some price comparisons and even maybe go home and try the internet before making my ultimate decision.

I have seen many instances in my professional career that imitate this exact scenario. I understand that buying a home is a HUGE investment. But here is the sad part: there are always more shoes but there is only one of that house. If you decide to shop around as if you are shoe shopping, somebody will come along and scoop up your perfect home. I have seen it time and time again, and it’s a real bummer.

Here are a few reasons why home buyers fall into the shoe-shopping trap:

PICKY PICKY PICKY–Go ahead and put everything you can think of on your new home wish list, but don’t be so inflexible that you end up continuing to rent for significantly longer than you really want to. First-time homebuyers often have to compromise on something because their funds are limited. You may have to live on a busy street, accept outdated decor, make some repairs to the home, or forgo that extra bedroom.

LACKING VISION–
Even if you can’t afford to replace the hideous wallpaper in the bathroom now, it might be worth it to live with the ugliness for a while in exchange for getting into a house you can afford. If the home otherwise meets your needs in terms of the big things that are difficult to change, such as location and size, don’t let physical imperfections turn you away. (good news- wall paper is back in!)

TOO SPECIFIC, ALWAYS FINDING FAULT– some buyers though, have an “ideal” home in mind. Right down to the color of the walls, exact dimensions of the bathroom, fence height etc. For this buyer, no home will do. Every time they see flaws, so we have to keep looking for the perfect place.

IN CONCLUSION–Realize that you may never find your perfect home (unless you win the lottery!). The most important things are floor plan, a good location, and adequate space, and a workable floor plan. You can always add granite counters and stainless steel appliances. You may find great homes in Minneapolis next to where you thought you wanted to be. Or maybe the other school district might be just fine after all.  And hey, you can always inconspicuously add a few tall trees to block out the neighbor’s view of your yard :)

I appreciate you taking the time to read my latest blog. Please let me know if you have any questions about this article or any questions about your home buying search. I would be honored to help you, a friend or loved one find their next home. Thanks for visiting!

-Amanda Doub

RE/MAX Advantage Plus “THE PREFERRED TEAM”

 

 

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