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Balancing Your Wants and Needs As A Homebuyer This Spring

Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: 

“While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”

The Monthly Housing Market Trends Report from realtor.com

The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search.

The first step? Get pre-approved for a mortgage. Pre-approval helps you better understand what you can borrow for your home loan, and that plays an important role in how you’ll put your list together. After all, you don’t want to fall in love with a home that’s out of reach. Once you have a good grasp on your budget, the best way to prioritize all the features you want and need in a home is to put together a list.

Here’s a great way to think about them before you begin:

  • Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle.
  • Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all the must-haves and some of the these, it’s a contender.
  • Dream State – This is where you can really think big. Again, these aren’t features you’ll need, but if you find a home in your budget that has all the must-haves, most of the nice-to-haves, and any of these, it’s a clear winner.

Finally, once you’ve created your list and categorized it in a way that works for you, discuss it with your real estate agent. They’ll be able to help you refine the list further, coach you through the best ways to stick to it and find a home in your area that meets your needs.

Ready to Build Wealth and/or Make a Move?

I’m here to provide the knowledge + resources for you to make the best decision for your lifestyle, goals, and real estate needs.


About Me

Hi, I’m Maranda!

Fun Fact:
My lifelong nickname has always been Panda, the panda symbolizes friendship. This relates in to my business, as my focus isn’t just transactional. Buying & Selling a home isn’t a quick process, through our time together I hope to build a lasting friendship. 

My career began in 2018, as a real estate investor when we did a live-in flip with a seller finance deal. This experience inspired me and I knew that I wanted to help others achieve home ownership and wealth opportunities through real estate. I earned my real estate license Even if you plan to just buy your one forever home, this is one of the greatest investments you will ever make as real estate appreciates over time. I’ll help you create a clear path specific to your lifestyle and real estate goals.

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