Buying A Home
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I am wondering how many houses people see on average before making a decision? My husband and I are hunting, we've only seen 1 so far but have appointments for tomorrow. The market for our location is tight, especially for our budget, so if we love a place I think we ought to jump on it, but on another sense is putting an offer in on the second or third place we see too hasty? I feel that's not a lot, and having more to compare will be good but if we wait for more to come on the market to see that we could miss out.
Re: How many did you see...?
TL;DR: The more specifics you have (the more you know what you want), the less you'll probably look. When I entered my home on the 7th or 8th showing, it felt like home. I didn't "fall in love" but when I got home I knew it, I just didn't want to admit it yet. I wanted to "look around" like most people tell you to do. If you find something you want, go for it! Don't worry about what others do or have done, it's very different for everyone.
When house hunting over 18 years ago (while I was pregnant and climbing in and out of a truck every weekend looking at houses, LOL), we looked at probably 40. That was the last "buyer's market" when prices were deflated.
One of the earlier weekends we were driving to an open house and passed another "open house" sign. By then we'd seen about 10. We walked in and fell in love with the house. It was move-in ready, we loved the floorplan and decor, and it had a huge yard, another thing that was important to us. "Back in the day" of a depressed market, no one offered what the asking price was. We gave a written offer about $30K under asking price, which was declined. We then gave a verbal offer about $20K under the asking price, which was also declined. The counter offer was over our budget.
We then continued to look at the remaining houses over a few months. LOTS of them. And we compared EVERY house to the one we loved. It was so frustrating, but having seen something we really wanted and met our needs, we did not want to settle. Out of the blue, we got a call from the seller's agent, the house we had loved, and they accepted our verbal offer! It was truly amazing.
We moved in when my daughter was 1 week old. My family and his family did all the moving, and we've been here ever since, over 18 years. I still love it.
As the housing market has changed over these many years, my house continued to appreciate in value, then the bottom dropped out. But this house is still worth well over what I paid, and my surrounding neighbors are all "under water" since they bought their homes in the past 10 years. There's a foreclosure 3 doors down the street, exact same layout as my house. They are asking $50K more than what I paid 18 years ago........they won't get that price, but the market is starting to rebound. This is a very good time to buy.
Sometimes you just know. You can't give up hope. Stay within your budget. But when you see the house that meets all your wishes on your "must have" list, get it, because continuing to look is not always the best thing, as prior posters have said. But, with my story in mind, sometimes you do get what you want, just not when it's the first time making your offer.
Good luck.
In our 18 month search we probably saw 50-60 houses. It felt like way more because I felt so consistently disappointed and frustrated as we searched for so long. Truth be told, we should have looked at fewer houses. Mr. LK really loves ranch style homes, so I kept looking at them and trying to make myself like them because they were so plentiful in our price point and Mr. LK was so fond of them. I even tried to make myself like split foyers, again because there were tons of them in our price point, but had the same results. I probably wasted a lot of our realtor's time looking at houses that I would never be willing to spend my money on because I wanted so badly to like one and get it over with.
IMO, don't be afraid to offer early. If it's the right house for you, then go with the flow. An offer is not a total commitment. You can always pull out "based on the results of the inspection" if you get cold feet. You'll be out the inspection fee, but that's a small price to pay in the scheme of things.
theres a lot for sale in my area. in our 12-18 month search we saw at least 2-5 per weekend, plus appointments towards the end. we put in offers on a couple houses but got outbid/turned down. finally we got one!
total? we probably saw upwards of 60 houses. it gave us a good education about what was/wasnt a fair price for a type or quality of house. we got to learn certain areas really well. so when we did fall across our final house -- we knew it was under-priced and had no problem going over asking price to make sure we got it!
you CAN always put in an offer and back out if you find something in the meantime. if you really like something - then go for it.
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We saw a lot, started in October, saw 6-8 houses on sundays/saturdays for 4 months. We saw every house in the market in our price range in the zip codes we wanted to live in.
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