Don’t let wrong emotion get the best of you.
You’ve just seen a new listing and you love it. It has the right number of bedrooms. The kitchen is new or has been updated. Great neighborhood. And the schools are the pyramid that everyone is seeking for their children.
But, for some reason, you just can’t pull the trigger… there’s uncertainty. What if there’s a better deal out there? Could there be another property coming on the market next week that is even more compelling?
Every market has its ups and downs. And with news reports and government statistics seemingly flowing everyday the ups and downs can become even more exaggerated. The trouble is this type of environment has conditioned potential homebuyers into thinking there’s always a better deal around the corner. That could be a big mistake. Don’t let emotional mistakes drive your decision making process.
While it’s true prices might decline and mortgage rates could drop further, it’s probably not a good idea for buyers to play the odds now. If the house meets all your criteria, feels right and you love it you will want to make it home.
“Even in the best of markets, we cannot predict what will happen tomorrow. I can’t promise you that a bigger, less-expensive home will not come on the market the day after you close on this one,” says Eileen Meehan, an associate with Re/Max Properties in Saddle River, NJ. “Market fluctuations are always part of real estate transactions.”
“Be smart, do your homework, know the value of the area and the home you are buying, and be sure it meets your family’s needs,” Meehan sagely advises.
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