by Maria Hethcoat CIPS, Realtor® - EVERYTHING YOU NEED TO KNOW TO AVOID FORECLOSURE

KNOW WHAT YOU WANT

Next, make a list of the items that you would like to have in your home, but you could live without or change down the road (your wants). How do you know if something you want isn’t a need? One way is to think of wants or desires as features that make the home more attractive or enjoyable. Upgraded gourmet kitchen, walk-in closets, and master bedroom suites are generally considered wants (but to each their own). Consider also that one buyer’s need could be another buyer’s want. You need to focus on, and write down, what’s true for you and your situation. Perhaps you aren’t a fan of the home’s outdated or ugly countertops, and you were hoping for granite countertops, but everything else about the home is just right. You could install granite countertops yourself or hire someone else to do the job for you, and for a reasonable price. The same goes for cabinet style and colors; these can easily be touched up, repainted, or even replaced. Some home shoppers are put off by the kitchen’s appliances, while others aren’t bothered, but these are easy items to replace. Yes, it comes at a cost, but it’s not in the same ballpark as the home not having have enough bedrooms for your family or not having that yard or garage you wrote down on your list of needs. Another item to consider is the yard. For some people it’s a need, for others a want. Still more specific is the size of the yard (for some, it needs to be large; for others, size doesn’t matter); the functionality of the yard (how or where it’s useful); the aesthetics of the yard (how it’s laid out and its overall appeal); and whether it’s fenced in. Note: If the home you’re considering has the yard you need, but it’s not fenced in, make sure you have the permission/authority

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