It is not uncommon for first-time homebuyers, or even seasoned Metro DC buyers, to become frustrated in their home search. Perhaps you’re having a hard time finding exactly what you want in a property or are finding that you’re missing out on properties that hit the market and are quickly sold.
What is a buyer to do? Adjust your search!
The Estridge Group has helped numerous buyers through their search and ultimately land upon their dream home in Washington DC, Bethesda, Chevy Chase, Northern Virginia, and beyond. Below are five ways in which you may need to adjust your home search if you start to find the process challenging.
Reconsider the neighborhood
If you’ve been looking in the same neighborhood for some time, but are not having luck finding the perfect home in your price range, it’s unlikely that it will pop up in the near future. Or if it does, you may face serious competition among other buyers. It may be worth expanding your home search to other select neighborhoods to see if an ideal property is available.
Reconsider doing work to the home
Many buyers today are looking for turn-key homes that require minimal work. However, it may be the case that your price range does not allow for a newly-renovated home. Be open to looking at homes that require a little TLC. You may find that a fresh coat of paint, new flooring or even new appliances can make a world of difference.
Reconsider your timeline
With low mortgage rates, buyers may be feeling pressure to move up their home purchasing timeline. But don’t be too quick to make a move on a home you aren’t completely in love with or one that doesn’t exactly meet your needs. If you don’t feel like things are going well in your search, it may be worth saving for another year and then buying.
Get creative with financing
Oftentimes it’s the down payment that is holding Metro DC buyers back from their ideal home or target price point. Consider getting creative with the financing options available to you— perhaps down payment assistance, special loan services from your lender or even gifted funds from a family member. If you find the perfect home, but are just a small percentage of a down payment away, it is worth exploring.
Throughout the home buying process, it is common for couples to disagree on what they want in a home. One person may want a large yard, while the other finds an updated kitchen a necessity. If you are unable to find a home that meets both of your requirements, you may want to have a conversation and discuss what you are willing to compromise on in order to find the best fit.
If you feel your home search is not leading you to your dream home in Washington DC, Bethesda, Chevy Chase, or the surrounding areas, do not hesitate to contact the Estridge Group! We are here to help you find the best property for your wants and needs!