Why You Should Stop Looking At Homes You Can’t Afford
Have you ever been window shopping?
Nowadays, you can do it in person or online, whether it’s looking for new clothes, planning a future trip, or looking at houses online.
Oftentimes, we look at things that we cannot afford or maybe don’t quite want to spend the money on yet. It can sometimes be fun too look at things that are out of our budget but would love to have in a perfect world.
While it can be fun to look at potential dream homes that you’d love to afford, it’s generally not the best idea when you’re looking for your first Knoxville home. In this post, we’ll explain why.
It’ll Completely Skew Your Home Search
When you’re constantly looking at homes that are out of your price range, it can make your home search that much harder when you actually do buy a home.
If you’ve been looking at homes that are $100,000 or $50,000 out of your price range or even more, you’ll have unrealistic expectations for when you really do start your home search. It can be awfully hard to go from looking at mansions to just single family starter homes. While there is nothing wrong with a starter home, it just cannot compare to the homes that you’ve been looking at.
When you’re used to looking at homes with gourmet kitchens, dream bathrooms with rain showers and soaking tubs, and backyards complete with designer landscapes and outdoor kitchens, it can be awfully hard to look at homes that are within your budget. It’s not that you can’t buy a great home, it’s that those homes in your price range shouldn’t and cannot be compared.
So, do yourself a favor, and keep your serious home search within your budget. You should absolutely get familiar with homes in your price range, but it doesn’t help to go searching for homes that you cannot afford. You’ll only hurt yourself in the long run.
It’s A Waste Of Time For You (& Everyone Else)
Unless you’re just doing some casual perusing, there’s no use in looking at homes that you cannot afford. It’s a waste of time for you, your realtor, and the seller.
It’s one thing to spend some time online looking at houses that are out of your price range, just so you could see what you may want to buy in the future. But, it’s another, when you take it a step further and actually start looking at homes that you cannot afford or are completely out of your price range.
It’s when you actually take the time to schedule a showing or ask an endless list of questions about a property. At that point, not only are you wasting your time, you’re wasting the time of other individuals. The seller has to get the home cleaned up for showing and get out of their house. A realtor has to take you to go see a home that you have no intention of buying.
A simple rule of thumb: If you can’t afford it, don’t bother looking at it.
Buying your first Knoxville home is an exciting and overwhelming experience. If you’re like most first time buyers, you may not be sure where to start. If there is anything we can do to help you in your home search, please do not hesitate to contact us. We’ve helped countless homeowners buy their first home and we’d love to do the same for you. Rick can be reached at 865-696-9002 or via email at Rick@KnoxvilleHomeTeam.Com. Kati can be reached at 865-696-1888 or via email at Kati@KnoxvilleHomeTeam.Com.
Are you ready to start your home search? Visit our home search page to get started today. Or, be sure to keep up with our Knoxville First Time Home Buyer’s Blog to keep up with the latest information about buying your first home.