Timothy E. Lockhart - YOU HAVE OPTIONS: YOUR GUIDE TO AVOIDING FORECLOSURE

Knowing what you need in a home, as well as what you want or would like to have, is important. That knowledge will help you narrow down your search and focus on a specific type of home. In turn, that will save you a lot of time. It will also help you get into a home that meets your needs. Imagine your dream house. It fulfills all your needs, such as a good roof, sturdy foundation, modern fixtures and appliances, appropriate living spaces, and enough functional rooms. It also provides for all your wants, such as perhaps a gourmet kitchen, a huge fenced-in yard, a finished or unfinished basement, even a swimming pool. Now, keep in mind that it’s rare for anyone to get exactly everything they want in a home and yard, in the area and neighborhood they want, at the right price. Affordability is certainly an issue, but price aside, homes rarely have everything exactly the way buyers want them. You’ll need to determine what you’re willing to concede (a want) and what you will absolutely not give up (a need).

TAKE YOUR TIME

Be prepared for the home-search process to take considerable time and energy. In fact, sometimes it can feel downright exhausting. On the other hand, some buyers find their dream home right away. But don’t settle early and don’t settle for a home that doesn’t feel quite right just because you’re tired of waiting for the home that’s right for you. Not all buyers’ experiences are similar. Some literally make an offer on the first home they check out because it meets all their needs and most of their wants. Other buyers aren’t so lucky, or they feel uncertain and wish to take their time and visit dozens of homes before making an offer. According to the National Association of REALTORS® (NAR) 2017 Profile of Home Buyers and Sellers, the typical search

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