Buyers Expand The Search For Affordable Homes

Buyers Expand The Search For Affordable Homes

Frustration for today’s home buyers could not be more higher with home prices increasing and record low inventory to choose from in all of Oakland County and the metro Detroit area as a whole. The number of buyers that have expanded their search to find affordable homes outside the normal suburbs have increased substantially in the new quarter of 2018. Although the average buyer would find a new home close to work and family, this has become daunting and unattainable for many. Home buyers have had to expand the search for affordable homes to the suburbs and beyond in attempts to find an affordable home that they love and that fits within their budget.

Being a home buyer in today’s market it’s no secret that home prices have been increasing lately, and especially in the nation’s most populous metropolitan areas including Metro Detroit. So what are home buyers doing to ensure they find – not only a house they love – but one that fits well into their budget? Well one strategy is to expand the search from the priciest locations for a more affordable neighborhood in the surrounding area. In other words, home buyers are getting creative in their search for a great home at a great price. And while this usually means moving to the suburbs, in some cases potential buyers are moving even further out.

“Buyers have traditionally sought refuge in the suburbs during times of high home prices,” Javier Vivas, director of economic research for the National Association of Realtors’ consumer website. “But with today’s record highs even the suburbs have gotten pricey, which has demand flooding outward as options disappear and prices move further out of reach in top job hubs.” In short, expand your search radius which may be a good way to find a home that’s within reach of both your budget and your job. More here.

 

Request a Buyer Guide

Just fill out below!

Perfect Home Finder

OAKLAND COUNTY PERFECT HOME FINDER


If you think it’s about time you bought a home instead of renting, a little homework before you start looking will increase your odds of finding the best buy for you. The perfect home finder can help you start your home search and be on your way to homeownership Here’s how:

DIG UP YOUR DOWN PAYMENT

Know where your down payment cash will come from. If it’s coming from stocks, go ahead and sell them. If Aunt Jessie is loaning the money, get it in hand so you are ready to go.

NAIL DOWN YOUR FINANCING

It’s tough to home shop if you don’t know what you can afford. Together with a reputable lender, we can help you determine how much home you can afford and which loan program will maximize your buying power. By getting pre-approved for a loan, you’ll be a better prospect in the seller’s eyes.

TAKE YOUR TIME

Don’t jump at the first home you see. Let us introduce you to different areas and home types to see what suits your needs the best.

DO YOUR HOMEWORK

Once you’ve found the home you want, ask us to run a competitive market analysis of other homes that have recently sold, so you’ll be able to make a sensible offer to purchase.

ENJOY!

With expert assistance and a positive attitude, home shopping can be fun and rewarding

LET US SEARCH FOR YOU, JUST FILL OUT FORM BELOW!

  • Tell me a little about your ideal home
  • What type of home are you looking for?
  • Please list them out
  • For example, $400,000 to $500,000
  • Where can we send those listings?

Pin It on Pinterest