Tuesday, November 13, 2012

Home Buyer Tips - By limiting options they may just miss out on that almost perfect home!

Feedback on one of my listings recently included “are only looking for a house with a pool.” 

First of all, this particular property has no pool.  Fact is the lot is probably too small for anything beyond a blow up kiddie wading pool!

As the inventory of "move in" ready homes shrinks in Brevard County, Florida  I suggest buyers not limit themselves to only homes with an existing private pool – even if they really really want a home with a pool!

For example, in one of the most popular areas of Brevard County, zip code 32940 (Rockledge, Viera and Suntree) there are 126 single family homes listed as of today.  (This does not include the 55+ community listings.)

Of these 126 active listings, 61 of them have private pools.  Using this "must have" as one of the criteria buyers have now removed half of possibles from the pool (pun intended).

Pools are nice but many prefer to just have a community pool.   They like the option of having a nearby pool but not the maintenance and expense of a pool (including higher home insurance rates).  Another 28 of the 126 listings have community pools only.

Buyers should consider the "must have," "can live with," and "can't have" characteristics of potential properties as they prepare to search in a shrinking market.

By limiting options they may just miss out on that almost perfect home!