Home Buying Struggle in this Market

Garrett buying

Meet the Davis family. They have been burned out and tired from looking for houses since November…cammmm

The reasons they haven’t been able to buy a house in the five months we have been working together is not from lack of effort; they had three different homes that accepted our offer, but had to back out during the home inspection process. Their struggle is a combination of all the factors that first time homebuyers are facing in this market.

– They can afford to buy a house between $250k and $300k for a home, and there is a lack of available homes in that price point with lots of competition.

– The dream of having a home with character and charm usually comes with foundation problems and leaky pipes.

– Buying a place now with multiple uses in the future (finish a basement for an ADU, have an in home daycare, use as a rental property) can cause the Davis’ to get bogged down when they need to make a quick decision.

My advice for other people before going through this same struggle is to have a plan in place on what is realistic to purchase, value a well-built home with a boring interior more than a fixer upper with character, and finally, plan on the first home only being for 5-7 years, then you can get your forever home.

Now the question is, who do you know that house a home in Southeast, Northeast, Oregon City or Milwaukie that would sell to the Davis Family? I mean look how cute the baby boy is!!!

 

 

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