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There Will Always Be Another House
In a hot market, you might feel a tremendous amount of pressure to buy the first, somewhat reasonable house you see.
But before you make that offer, look around. Often, it's not the agent who's pressuring you, rather it's self-inflicted pressure. Some homebuyers may think, "If I don't buy this house, there'll never be another."
The truth is, there will always be another house. Every year, more than 4.5 million homes are sold. Every year, at least two or three homes sell on my block. In the past six years, two of the houses on my block have sold twice each. This is true for most neighborhoods.
Houses come on and off the market at all times of the year. While you may have a dry stretch, in which you don't see anything you like, don't compromise. The right house is just around the corner.
Ilyce Glink is the bestselling author of 100 Questions Every First Time Home Buyer Should Ask, and is the Managing Editor of Right at Home Daily.
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How Much Can You Afford?
Deciding that you have to have a certain size house on a certain size lot and
in a certain neighborhood is great. But if it means struggling to make ends
meet, you should downsize your dreams sooner rather than later.
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