We are looking to buy our second home. We have a decent amount of things we are looking for in our house. I would love to be very close to my mom and my husbands work (10-15 minutes) and less than 30 minutes away from my work. Currently we are a half hour way from both of our works and my mom, sometimes 40-45 minutes with traffic.
We found a really nice house that hits all of our qualifications except for the fact that it is 15 minutes from my work and 20-25 minutes away from my husband's work and my mom.
It's a great neighborhood. The actual location is fine in terms of safety, access to things, etc. The school system is great which is a plus with children. There is absolutely nothing wrong with the location other than the fact that its a bit farther than I was hoping from those two locations.
I know location is everything, but I am also concerned that our budget won't allow us to get super close to those locations. The town my husband works in and my mom lives in is very expensive and the surrounding towns are just slightly less expensive.
Should we wait out for an ideal location, or go for it seeing as its not a bad location, just not exactly what I wanted. How much do you compromise when looking for houses?
Edit to add information:
Region: New England
Price point: 550,000
Putting down: atleast 20%
Income level: 150,000
Credit: high 700 to low 800.
Perfect House in not Exactly the Right Location
byu/TheSmallestSloth inRealEstate
Posted by TheSmallestSloth
2 Comments
We don’t know anything about your market. Your realtor should produce comps for you closer to where you think you want to be, which will determine if you can afford that area. Only then, can you decide if this is the compromise you have to make. (comps include what is listed, but also what has sold in the last year)
So many variables missing. The region you are looking at, price point, how much are you putting down or financing, income level, credit health.