The Perfect House May Not (Probably Not) Exist

The Perfect House May Not (Probably Not) Exist

Even with the low inventory in North Oakland and Lapeer County MI, I still consider this a buyer’s market. Prices appear to have stabilized, and in some areas prices look to be increasing a bit and inventory is pitifully low, BUT prices are still low as are interest rates. And there are good houses out there, but if you are looking to buy the “perfect” home there’s a good chance it just doesn’t exist.

A house that sold for $200,000 give or take “back in the day” may go for $110,000 or $115,000 today. And it will probably be in quite decent shape. But it IS a used house. There’s a 50-50 chance it is a distressed sale (foreclosure or short sale), and a homeowner who is looking at losing their home probably isn’t staying on top of maintenance. And quite honestly- there are things wrong with just about every house in every kind of market.

So basically, when you start looking for that great new home, don’t expect perfection. No matter what price range you are in, it probably doesn’t exist. Don’t spend every penny you have to get into the house and don’t max yourself out on what you purchase. You will probably need/want to make improvements/changes/updates to the home you buy. There ARE great deals out there- just not perfect houses.

Jackie Hawley
Keller Williams Realty
cell: (248)736-6407
email: Jackie@JackieHawley.com

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