Making the Choice Between Two Homes
Some individuals who are buying a home worry that they won’t find their dream house. However, many may not know how to proceed when they have fallen in love with two properties. Making the decision between two houses can be difficult when they both feature affordability, space and great features. To avoid feeling buyer’s remorse after purchasing a home, there are a few factors to consider when making your choice.
Some individuals buying a home worry they won’t find their dream house. However, many may not know how to proceed when they have fallen in love with two properties. Making the decision between two houses can be difficult when they both feature affordability, space and great features. To avoid feeling buyer’s remorse after purchasing a home, there are a few factors to consider when making your choice.
If both homes are perfectly suited to meet a buyer’s needs, it may make sense to go outside the house itself for more insight. When individuals move into a new house, they are not simply moving to a new home, but also a new neighborhood. Hence the real estate mantra “Location, Location, Location.” For this reason, compare the communities the two homes are located in to determine which one is a better fit. There are several factors buyers should consider, such as proximity to their offices, how the school systems compare with surrounding areas and the crime rates of the neighborhood.
It can also be helpful to meet some of the neighbors and ask about their experiences living in the area. Polls and statistics can tell buyer a great deal about a community, but speaking with the locals allows consumers to both learn more about the culture of the area and introduce themselves to their prospective new neighbors.
In many cases, a homeowner may have goals that drive what type of home they are seeking out. For example, some may be looking for a starter house while others are seeking out a property they can retire in. It can be helpful to examine prospective houses against those in the neighborhood. If buyers are planning to sell their home within a few year and other houses in the area are depreciating in real estate value, this may influence their decision. On the flip side, properties in some areas may be appreciating in value, which can be beneficial to a buyer’s long-term goals.
In addition, owners who are comparing the prices of two homes may want to speak with their real estate agent about whether there is room for negotiations with the sellers of the two properties. If money is the deciding factor, buyers may find that they will get a better price with one seller over the other.
Have you ever been torn between two homes during the purchasing process? What made you choose one over the other?
Lindsay is the Senior Manager of Media Engagement for Coldwell Banker Real Estate and is a licensed real estate agent. She was born and raised in New Jersey and just bought her first home in Livingston, where she grew up. When Lindsay isn’t busy facebooking, tweeting or instagramming she is enjoying life with her husband Joe and cat Rory. She enjoys binging on Netflix, cooking and Zumba.