I know I mention our search for a new home now and then but I never really talk about what is happening. How we’re doing. And if there is an end in sight.
We’ve been looking for a new home for going over a year now. (aaarrrrgggghhh!!!) This process is so not for the faint of heart and I’m hoping we’re here at the end.
In our search we’ve gone back and forth between new construction and an older home and for various reasons we’ve decided, at one time or another, that one is better than the other. We tend to fluctuate on this and I’ll blame all though renovation home shows on that phenomena.
New construction is nice but the HOA fees (and HOA in general) sometimes look like a good ide and sometimes look bad. New construction can have a cookie cutter look, and tiny streets that make it hard to find parking for visitors or even drive down the street 2 at a time.
Older homes tend to have bigger nice yards and nice character but unseen repairs (mold, stained up carpets, old roofs, dying heaters, etc.) and lack of care can make them more costly than they appear at first.
Also the interest rates have shuffled back and forth all this time we’ve been looking. And the inventory (of homes) has gone up and down which results in the same for the prices.
So right now I’m hoping we can see the light at the end of the tunnel (because we’re in the desperation mode AND have to move from where we are) and in the meantime I’ve been reading what I can on the different processes of purchasing a home and what you’re in for if you want to fix one up (again I blame HGTV)
In addition to the many real estate hubs (Trulia, Zillow, Redfin) I’ve spent some time on this guy Phil Pustejovsky’s site learning the ups and downs of home buying. Mostly he talks about what it takes to sell a home and to sell homes as a business but in reading his articles I get a better idea of what the seller might be thinking and even some tips just in case we end up buying something that needs fixing up.
Now Phil Pustejovsky mostly mentors those wanting to become real estate investors but I think he can offer some insight to those of us either shopping for a home or even selling our home.
I had a laugh out loud moment watching his recent video on the one thing home sellers can to do sell their home. It’s super easy to do and it does make sense. If I were selling a home I would definitely use that tip. Drop by his site and see if you can find out what I’m talking about.
Some other articles I’ve been checking out are…
So we’ll see if Phil’s information helps us in our quest for a new home. Who knows. We put in an offer on a home today. I’ll let you know how it goes…