Wait another year to buy, save another 20%. But if you are in a hurry to buy, maybe you can get one of these 5,845 foreclosures listed in Orlando, and they may be in your budget--so you don't need to choose. Good Luck
You are definitely not alone in this situation. A large part of the problem may be related to "information overload." This is something tha happens frequently when agents deal with potential buyers. We find the following process is helpful in clearing the way to make a decision.
This process is simple and will reacquaint you with your priorities.
It requires three sheets of paper. On the top of one write "features our home MUST have" on the second write features we would like our home to have but can live without," and on the top of the third write "Features we DO NOT want our home to have."
Since you have been looking at property, this process should be relatively easy. Important to note is, these lists are not cast in stone and can easily be changed at your desgression. Once you have generated your check lists, it is important to refer to them frequently. We find that buyers often fall victem to previewing property but o so without a purpose.
Each home you preview should be viewed through the eyes of your newly established criteria. Some people have developed a grid and use a check list when previewing homes. This will also help you to recall the characteristics of a home after you have seen dozens.
Try also to put some fun back into the buying process by building somehing special into a day filled with previewing homes. Go to a movie, get ice cream, go shopping, find a beautiful view, visit a friend in the hospital, etc. Finding a way to remove the pressure, could make things happen. But above all, have fun......
The "Eckler Team"
Michael Saunders & Company
Start with the area. You can't change that. Look at the house & maybe knocking out a wall, painting the rooms, adding an island, etc... will make the choice easier.
You won't find EXACTLY what you looking for, even if you build. After we built our house, I thought of 50 things, I wish we would of added. But, putting your personal touch on it can make a world of difference.
You used the word "settle" in your question. In many instances, the purchase of a home is the largest purchase that a person makes. I would never suggest "settling". Just sit down with a good Realtor and figure out what is most important to you. And be realistic!
maybe you need to make some sacrifices and accept that you can't have everything in life ....maybe when you win a lottery :)
as for myself, I would balance my needs in a home purchase. For example, I would buy a nice ready-to-move-in house (at least 2 levels) with at least 4+ bedrooms and 2+ baths and 1 or 2 car garage in a nice neighboorhood in Springfield or in Fairfax County for $300K-$325K. But it is very difficult to get that type of house in a good location and respectable neighboorhood for that price range and it is not so hard in a not so good neighboorhood.
So I changed my priorities and got a house with the floor plan I want and also in a good quiet neighboorhood except for no garage ....but with nice & fully finished basement for 301K :) with a nice sizable flat lot. And I can always add a car garage later on..... :)
At Costco or HomeDepot, I can add a do-it-yourself car garage or add-on shed/room/studio for less than 5K or 7K. Price has been already approved 60 days ago and hopefully I should be able to close in a month or two...with 2 lenders so this takes time......
Or maybe you should go for a fixer upper with a desirable floor plan and neighborhood in your price range and do some work yourself or hire someone (good) to do cheap for you. :)
my 2c worth!
Got to get back to work,.