When it comes to buying a home, virtually all buyers make certain compromises. Some of these will occur when selecting the house, while others will occur during negotiation with the seller. Our real estate agents are always there to help you negotiate an agreement you can be satisfied with.
With all the different sizes, types, and styles of Ridgewood homes for sale, finding a truly "perfect" home for you isn't out of the question, and an agent's help is valuable. But most buyers find that when they choose to compromise over issues that aren't critical to them, they save time (and sometimes money, too.)
Let's take a look at some areas to compromise or avoid compromise when buying a home:
Compromise: Size of Home
Size is the most common issue on which buyers from all age brackets and budget levels compromise. This often takes the form of "nice to have" features such as that extra bathroom or dedicated home office. However, it can be a snap to compromise on the total size of your lot instead.
Compromise: Price of Home
Naturally, the price of any home is the biggest area of contention between buyers and sellers. Buyers want the lowest price, sellers the highest. Your agent is essential in helping you construct a good offer and respond to a counteroffer. It's crucial to be willing to walk away if a seller has overpriced the home and won't budge.
Compromise: Interior Finishes
Interior finishes have become a point of pride for certain homes, but that doesn't mean you can't compromise. Granite countertops may be stylish and convenient, but they do you no good if they're the sticking point on the purchase agreement. Be prepared to renovate over time if you really want the ideal finishes.
Compromise: Age of Home
The age of a home may or may not matter to you. Sometimes, your lender may decline to finance homes over a certain age limit, which is more common with manufactured homes. During the buying process, you'll get a home inspection and appraisal, both of which tell you if the age of the home should be a deal-breaker or not.
Don't Compromise: Condition of Home
Speaking of that home inspection, it provides the inside insights you need to decide whether it's wise to go forward with a home purchase. Problems with the electrical wiring, sewer or septic system, and roofing should usually be considered deal-breakers unless the seller is willing to remedy them before closing.
Don't Compromise: Roofing
Take a close look at the roof's age and materials before you decide. While many roofing brands advertise their products lasting 30 years or more, the truth is often half that or less—price in the potential costs of replacing the roof once or twice over the lifetime of the home.
Don't Compromise: Siding
Siding is the surface material that protects a home against the elements, and it's particularly important here in New Jersey. Without good siding, you risk wind and water damage. Although damage might seem contained to one area, it can spread and even undermine your foundation. That's why it's usually best not to compromise.
Don't Compromise: Flooring
Over the last few years, buyers have become less and less likely to compromise over flooring. You might find the need for hardwood flooring is a deal-breaker for you if you have many pets, for example. Replacing flooring in a home costs thousands, so it is typically best not to compromise.
Contact us to find out more or get started.
