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4 Savvy Tactics For Surviving A Long House Hunt
By SANDY BAKER
Buying a house takes a long time as it's a big investment with a complex process, especially in today’s market where there are a lot of buyers but not many homes. On average, it took homes 61 days to sell in January 2022, so here are four tactics to help you survive the long house hunt.
Get Some Help
For more insight and perspectives when looking for a home, it’s important to have some support. It's essential to have someone to keep you levelheaded and that can help you avoid costly, long-term mistakes that you’ll regret once locked into a mortgage loan.
Wait It Out
Waiting for market conditions to improve may be your best option to find a home that meets all of your requirements. There’s no way to know when they will improve, so you’ll need to be patient to avoid getting stuck in a home that needs renovations or that won’t work for your growing family.
Know The Value
Before buying a home, you need to have all your numbers set and understand why you are purchasing at all. You want your property to grow in value, so consult a financial advisor or real estate agent to make sure your long-term investment will pay off.
Remain Calm
Try to detach from the home buying process and don't take it too personally when your offer is rejected. Be ready to walk away if an unforeseen bidding war or problems arise, and remember the best home for you will eventually become available.