
A new year signals change, and if you want to increase your chances of finding a home in 2017, it may be time to rethink your approach to house hunting. With inventory scarce in many communities and the demand high, a different mindset just might be the answer.
Some suggestions:
Look at all styles of homes
I find that the majority of buyers in this area prefer Colonials, but have you ever considered a split-level or raised ranch? Most homes have gone through some type of metamorphosis, so it is very possible that a style you have not even considered could offer exactly what you desire. Whether it be high ceilings or open concept, you can find these attributes in all styles of homes. When a client told my team member that they did not want to be shown any split-level homes, she told them “a split-level is like a ranch with a lower level’’ and took them to the fabulous split they ultimately bought. Had they not opened their minds, they would have never even looked at that home.
Adjust your expectations
No house is perfect, so think hard about what is most important to you. What are the deal breakers, and what can you live with? Make a list in order of importance. You may find the house with that fabulous kitchen you always desired does not have the master bath you’ve been craving. Which is more important to you, the kitchen or bath, and can you live without it and not feel you’re making a major compromise? If the answer is yes, consider that house.
Expand your search
It is challenging to find a home in a community where demand is high but inventory is low. If you have lost bidding war after bidding war or have not found anything that interests you in your choice of city or town, consider expanding your search to other communities with similar neighborhoods and school districts. Some communities are notorious for having multiple-offer situations where the homes sell way over the asking price. If you can’t afford to compete in these arenas, don’t put all of your eggs in one basket. Do your homework and look for other acceptable communities where your chances of finding a home are much better. You can always move in the future.
I am in no way suggesting you compromise by purchasing a home in a location far from your work or with an odd configuration that doesn’t suit your needs. These are things that cannot be changed. Also, do not buy a home that is so unique that no one else will want it, as your most important consideration should be resale value. However, if you open your mind to other possibilities, you just may find your next home sooner rather than later.
Marjorie Youngren is a broker at Century 21 Commonwealth in Lynnfield. E-mail your questions to marjorie.youngren@commonmoves. Follow her on Twitter @MarjorieTeamC21.