’I found the perfect home’
By CLINT FREEMAN, Coldwell Banker Best Realty
California realtors report a definite seller’s market. The inventory of homes on the market has reached a seven-year low. In many areas of the state, such as Sacramento, agents are reporting that they are receiving up to 60 offers on a single home!
Buyers are in a rush to purchase again, and they don’t want to be left out. In the midst of the flurry of activity, buyers are again looking for that perfect dream home, which raises a great question: does the perfect home really exist?
While shopping online, and while viewing homes with a realtor, keep in mind the following points when you shop for that perfect home:
1) Every home has issues. A home can look great cosmetically during the first walkthrough. Don’t think a home is perfect because the upgrades look spectacular. A home’s actual condition cannot totally be discerned until a whole-house inspection is performed.
After an offer has been accepted, a buyer is highly advised to hire a whole-house inspector. The inspector will check the home’s systems and verify the physical state of the home in a written report. Keep in mind that almost every home is going to have some type of issue. Surprisingly, even new construction may have a few items as well. Verify the condition of the home with a certified home inspector.
2) A home that’s right for today may not be the home for tomorrow. Most people don’t wear the same shirt and shoes throughout their entire lifetime. They make changes to fit the occasion or need.
In the same way, some homebuyers forget that the needs they have today will change in 10 years. Children grow into teenagers, and teenagers eventually grow up and leave home. Visualizing your family in the next three years, 10 years and 20 years is very important.
When shopping, have a clear idea of how long you plan to live in the home. Carefully consider the space needs that are absolutely essential. Today’s perfect home could end up being a home you quickly outgrow.
3) Don’t get caught up with emotion. Emotion is an incredibly influential dynamic of any home purchase, whether the buyers realize it or not. Some buyers become overwhelmed with emotion when they find the perfect home. Others allow great disappointment to set in when their offer is not accepted.
In some cases buyers get so wound up in the bidding process that they end up upset and blame the banks and realtors when their offer is not the one selected. Yet smart buyers are able to pick up the pieces and shop on.
It’s wise to remember: there is no one perfect home. There is another house out there. Our perceptions of “perfect” continue to change over time.
Need more help in finding your perfect home? Give me a call, Clint Freeman, at 760-382-1082. For more on the local Ridgecrest market go to my blog at www.RidgecrestCaHomes.com
Ridgecrest Facts as of April 2013
• To date there are 111 homes on the market ranging from $30,000 to $525,000.
• The past three months’ price per square foot averages of sold single-family homes are College Heights $127, NW $83, NE $81, SE $74, SW $97 and RC Heights $80.
• The median home price increased 2.3 percent from $126,000 in February to $129,000 in March 2013.
California Fast Facts
• The current California median home price is $333,880.
• The lowest median home prices are Lake County $125,000 and Ridgecrest $129,000.
• The highest median home price by region continues to be Marin at $859,380. (Source: C.A.R.)Story First Published: 2013-04-17