Real Estate Talk

Sunday, February 18, 2007

When is good enough, good enough?

In today's buyer's market, buyers have more to choose from, more houses with more options. Sometimes, however, having too many choices isn't so good. If you have lots to choose from, you tend to not make a decision. I've worked with clients who will have a long list of things they want in their new house and sometimes get so stuck on trying to get everything that they end up with nothing at all. Here's my advice on that: if you have a list of ten things you want your new house to have, if you find a house with seven of those things, buy it! The Washington Post's Real Estate section has an article that talks abut this.
http://www.washingtonpost.com/wp-dyn/content/article/2007/02/16/AR2007021600815.html

The bottom line is don't get hung up on the must haves or the wants. I've heard of people buying million dollar houses and then tearing them down to begin again. In other words, no house is perfect. If it's yours, you can make it anything you want.

The spring buying season gets underway in the next several weeks, get ready. BTW, if you're a nurse, police officer, in the military or a teacher, Long and Foster is offering a special financing program to help get you in to your first home. You have to have a ratified contract by March 31 so call or email me for more details.