Realty Executives Midwest
Buying a home is exciting. A new neighborhood. More space. A yard. A shorter commute. There are all kinds of reasons people get amped up to go house hunting online and start dreaming of a new home. But when the market is competitive and sellers have an advantage, finding a home that is truly “perfect” is increasingly hard to do. Sometimes this keeps people from buying, and often excellent opportunities are missed simply because buyers sit on the sidelines hoping for perfection.
On one hand, this makes sense. A home is a huge investment. Why rush into it? You want to get it right. But on the other hand, buyers forget that a home is an investment. People sometimes allow themselves to become blinded by the thought that they’re locked into a home, when in reality a home is often only held for seven to ten years on average. What you want to keep in mind as you shop is how well you’ll do from an investment perspective over time.
Adopting an investment mindset means looking at the prospects of a neighborhood, buying at a fair price, and considering factors which may not even matter to you personally as you shop for a home. Yes, you want to be comfortable. Yes, you want it to have the right layout and enough space for your needs. But you also want to imagine who might buy the home in the future.
Even if a home is not ideal, there are factors you should rank before you make an offer. Savvy investors know these four factors can have a giant impact on price when the time comes to reap a return:
Realty Executives Midwest
1310 Plainfield Rd. Ste 2 | Darien, IL 60561
Office: 630-969-8880
E-Mail: experts@realtyexecutives.com
Realty Executives agents are real estate experts. They have the education and expertise you need to navigate through the process of buying or selling a home. From listing at the right price to making the best offer, our Executives have witnessed the best - and most regrettable - decisions homeowners and homebuyers can make. Every day, they are immersed in every aspect of real estate that includes comparable home price analysis, property surveys, credit reports, open houses, HOA agreements, lenders, title companies, homeowners’ insurance, walk-throughs, terms of sale or purchase, repairs, concessions and closing documents. Let our accomplished Executives help navigate you through the process of buying or selling a home.
