Home Search Frustration? How to Refocus and Keep Going

The best part of buying a new home is going out and touring homes. This is especially true for first-time home buyers. As time goes on, however, it can be frustrating when each home falls short of expectations. While it’s important to be realistic about what is available and affordable, there can be a temptation to settle when the right homes don't pop up quickly.

When this happens, it’s important to take a step back and reevaluate the criteria. Often buyers head out without a solid list of “must-have” and “like-to-have” features in mind. If finding the right home is becoming difficult, then this is the time to create or review these items. Consider lifestyle as well as willingness to renovate or remodel. Is it important the home is turn-key on day one, or is there a willingness and ability to make changes after the sale?

Focus on the “must-have” list first. There could be a beautiful chef’s kitchen on the “like-to-have” but if 4 bedrooms are critical for the size of the family, the larger kitchen will not compensate for long. That said, if the hope is to find a home with a pool, is there room to add the pool later?

Finding the right home is often a matter of timing. Patience is the best advice. With the start of the new year, new listings are hitting the market every day. The perfect home may not have been listed yet

Are the bidding wars over?

Let’s face it, it’s fun to have a home listing during a seller’s market. When inventory is tight, even less-than-perfect homes invite the frantic bidding wars seen over the past few years. But as the economy slows down and interest rates increase, sellers are wondering if the bidding wars are over, and what that means for them.

First of all, bidding wars have occurred in every kind of real estate market. Well-positioned homes have always garnered attention and offers. What’s different in a seller’s market is that buyers are so desperate to find a home, that multiple offers seem to be normal on every listing. As the pace slows down, sellers need to adjust their expectations and avoid costly mistakes.

Seller Mistakes to Avoid in a “Normal” Market

· Bad Curb Appeal – Curb Appeal is once again important to making a good impression.

· Delayed Response – Don’t wait to respond to a buyer’s offer because you hope to have a bidding war.

· Unreasonable Demands – Buyers have choices now, be reasonable with the counter and contingencies. · Highest Offer – Don’t assume that the highest offer is the best offer.

· Priced too Low or too High – Price the home correctly. Don’t play games with the price.

Finally, be patient. In a typical market, an average home is on the market 30-45 days. This is a change from the past few years, but a healthy real estate market benefits all parties.

Welcome to 210 Tuberose!

Have you been waiting to time the market? WAIT NO MORE! This gorgeous 4 BD 3BA DETACHED home is nestled in the serene, tree-lined community of QUAIL HILL boasting sweeping views of mountains, trails & sunsets. This RARE OPPORTUNITY offers a comfortable living space for everyone. A formal living room featuring a fireplace, high ceilings, plenty of natural light & across is a formal dining room perfect for ENTERTAINING. The kitchen is appointed w/ granite countertops, double ovens, kitchen island and french doors that lead to a courtyard ideal for RELAXING or dining al fresco. Separate living areas provide a layout for EASY FAMILY LIVING and plenty of space. CONVENIENT full bath downstairs & direct 2 car garage access makes this floorplan highly desirable. Upstairs master bedroom boasts a Juliette balcony, huge walk-in closest w/ custom built-ins, dual sinks, and secondary balcony to take in fresh air. In addition to four bedrooms, a full laundry room & sink all conveniently located upstairs. The Solstice neighborhood w/in the prestigious hillside Quail Hill community is HIGHLY DESIRABLE & rarely on the market. RESORT-LIKE amenities walking distance w/ pools, gyms, parks, hiking trails, baseball fields, soccer fields & Quail Hill shopping center & only minutes from Irvine Spectrum, Oak Creek Golf Club, UCI & tons of dining & shopping. Irvine is known as one of the SAFEST cities and is also recognized as an AWARD-WINNING school district. OPPORTUNITY is knocking, don't miss out!