Source: The Motley Fool —
Today’s housing market is a difficult one for buyers. Not only are home prices still sky-high, but real estate inventory is extremely limited. That means buyers are increasingly having to make compromises to purchase a place of their own.
It’s one thing to be flexible in the course of your house hunting. That could mean agreeing to a home that’s slightly smaller than what you were hoping for, or buying a home that needs a few more updates than you wanted to make.
But there is such a thing as compromising too much when buying a home. And if these signs apply to you, it means you may not want to make an offer on a property you’re looking at.
1. You’re stretching your budget to make a purchase happen
You might set a home-buying budget of $350,000 only to find a truly ideal property where the seller won’t budge at $360,000. In that situation, you might make the case that paying a touch extra for a home is worth it.
