Everyone wants to buy a home, but buying a home is no small feat, it’s a major investment that can either go great…or not so great. As such, you, the potential home buyer, often have concerns and objections that must be addressed before you feel confident enough to make a purchase, right? To put your mind at ease we’ve compiled our top six typical objections that potential home buyers might have, and how you can address them.
1. “Is…is that the price?”
One of the most common objections that many home buyers have is that the asking price is too high, and in this economy, it’s understandable. In this case, it’s essential to do your research and determine whether the home is priced fairly based on the current market conditions and comparable homes in the area. If the home is priced too high, you can negotiate with the seller to lower the price, or maybe consider looking at other properties that fit within your budget. And if you’re a first-time home buyer, our brief guide on “What you need to know as a first-time home buyer” will clear up some other objections you might have.
2. “The property needs too much work”
Another common objection from potential buyers is that sometimes you end up with a property that needs too much work. Therefore it’s crucial to get a general overview of the necessary repairs or renovations and determine whether or not you can afford them. You may also want to consider negotiating with the seller to cover some or all of the necessary repairs as part of the sale agreement. Luckily for you, our recently built Diepkloof homes are all brand new, so no need for weekend DIY projects.
3. “I’m not very fond of the location”
We all want to live in a beautiful, safe, quiet neighborhood where we greet our neighbors every morning while sipping on our morning brew on our way to work, that’s the dream. Today, more than ever, location is often the deciding factor when it comes to buying a home, and you may object if the property is not in your desired area. You have to decide whether the location is suitable for you based on your lifestyle and needs. It’s also important to consider factors such as proximity to your workplace, schools, shops, transportation, and other amenities that you deem important. Mooikloof is perfectly situated within the sunny Garden Route to make traveling to all these amenities much easier.
4. “This home doesn’t really scream ‘us’”
It’s not uncommon to reject a property if it doesn’t meet your needs. For instance, if you’re a family with young children you may need a spacious home with multiple bedrooms, while a retiree may want a property that’s more simplistic and intimate. So before you even think of buying a home, take a step back and assess whether it meets your current and future needs, and if not, consider looking at other homes that do. Maybe our Diepkloof homes might interest you? Spacious, comfortable 2-3 bedroom homes fit for a growing family.
5. “I’m not ready for such a long-term commitment”
Buying a home isn’t a “Pay back within 36 months with 0% interest” type of purchase, it’s a big commitment and you may feel that you’re not ready to take on such a huge responsibility. That’s why it’s so important to know your financial situation and determine whether you’re in a position to make such a purchase. And if you feel that you’re not yet ready for such a big step, you may also want to consider renting to get a better sense of what you’re looking for in a home before signing on the dotted line.
6. “I’m concerned about the resale value”
And finally, another common factor that concerns potential home buyers is the resale value of the property. “What if I want to sell my home one day, what would the resale value be?” You’ll need to do your research and determine whether your home is likely to appreciate in value over time. You can also look at current market conditions and consider whether the area you wish to live in is likely to remain desirable in the future.
In conclusion, as a potential home buyer, you’ll have many objections that must be addressed before you’ll feel confident enough to make a purchase on that dream home. By understanding and addressing these concerns, you’ll feel more comfortable with the home-buying process and ultimately find a property that meets your needs. Our Diepkloof homes are currently in hot demand, with our first occupants moving in at the end of the month, and a growing list of buyers wanting their piece of the Garden Route. So don’t delay, contact us today.
