Military relocations are a part of military life, as well as possibly renting or buying and selling homes more than once in your lifetime. For military members PCS moving to San Antonio and planning to buy a home for sale in Schertz, they could find themselves in what we call “buyer’s remorse.” This happens when the pressure is intense to find housing near their next duty station in such a short notice.
Buyer’s remorse, or regretting one’s decision to buy a home, could be avoided if you are prepared. Ask yourself these questions to find out if you need to buy and are prepared to buy a home for sale in Schertz:
1. Can I afford it?
Just because you have been pre-approved for a loan doesn’t mean you are ready to buy a home for sale in Schertz. Is the amount that you will have to pay in monthly mortgage something you will be comfortable with? If not, then think again before buying.
2. Does it cost too much?
There is a difference between what you can afford and what you should pay based on the fair market value of a home for sale in Schertz. With homes selling fast and a low inventory, buyers are beginning to offer higher than the asking price in order to compete with multiple offers for a home. Competing with these multiple offers may mean having to pay for more than a home is actually worth or paying out of your pocket. If this happens, step back and think of he long-term consequences of buying this home for sale in Schertz.
3. Is it in an ideal location?
With so few homes on the market, you may be tempted to make an offer on a home for sale in Schertz that is not in an ideal location or is too far away from your installation. Being a military member, you may feel that this is your only option, as time is of the essence. But do not be pressured just because of low supply and high demand. You can change many things about a home, but location is not one of them. Remember that if the location is not ideal for you to begin with, it may not be for potential buyers as well when the time comes that you decide to sell or rent your home in Schertz.
4. Do I have the money and time for repairs and upgrades?
Being an active duty military member, you may not have enough time or even construction experience to complete repairs or upgrades in the home by yourself. Do not buy a home for sale in Schertz that needs extensive repair and maintenance if you do not have time to put into it.
This is where hiring a home inspector will help to uncover any hidden damage or defects in the home. Don’t worry about spending for a home inspector since it will save you hundreds or thousands of dollars in repair in the long run. If the home inspection uncovers defects that need extensive repair and you will not have the time for it, then think twice about buying the home for sale in Schertz.
5. Does my spouse partner like it?
Do house hunting together with your partner. If you find a home that you like but does not meet the needs of your partner, then keep looking for more homes for sale in Schertz.
6. What will happen in the next 3-5 years?
As a military member in active duty, you will most likely not remain in your home for more than 5 years. Even if it sounds way too advanced, plan your exit strategy even before you buy a Schertz home for sale. When the time comes for you to relocate, should you sell it or just rent it out? What are the benefits and costs of each option? It surely won’t be much of a romantic discussion, but it surely is practical and will save you a lot of time and heartache later.
Buying a home for sale in Schertz can be exciting, add to that the news of the recovery of the housing market but you have to follow these tips in order to avoid being a victim of the pressure of homebuying. If it doesn’t feel right, then maybe the time is not right. It is easier to recover from the emotional let down of not being able to buy your dream home for sale in Schertz than it is to recover from paying a monthly mortgage that you can no longer afford.
Visit www.realestatemuses.com to fina a home in Schertz.