6 Tips and Trends for House Hunting in 2022

6 Tips and Trends for House Hunting in 2022

The 2021 real estate market was a total roller coaster. Now that we are a couple months into 2022, we know that the ride isn’t over just yet, but the good news is that there are some tips and trends that can make your house hunting experience go smoothly.

Here are 6 tips and trends to help you navigate the home buying process successfully and get you into the house of your dreams!

Give Yourself MORE Time

With the fast-paced market we saw in 2021 continuing into 2022, buyers might assume the process itself will be quick, too. Unfortunately, that is not usually the case. It’s still a seller’s market, and it’s common for homes to be snatched up by someone else before you have a chance to make an offer. Home buyers should be flexible and prepared that they may go through the offer process multiple times before finding “the one”.

Tour In Person

Professional photography and video can make a home look its best, but it also can be deceiving. Online tours can’t compete with what it feels like to actually be in the home. Make sure you spend time in the home before falling in love with a house or making any big decisions.

Pro-Tip: Don’t ignore homes that have been on the market awhile! Every buyer is looking for something different, and you never know why other buyers chose something else. Give them a chance, and you just might find what you’re looking for!

Be Prepared to Compromise

Because inventory remains low and the housing market is so competitive, dream homes that check off all your priority boxes are elusive. Most buyers will need to make some compromises and give up one or more of their wish list items.

Pro-Tip: Use the 80/20 rule. If you have 10 wish list home features, and a house has 8 of them, make an offer.

Don’t Overlook Starter Homes

With a fast-moving and competitive market, many buyers are opting to rent as they wait for the market to cool down. That increased demand for rental units is driving up rent in many areas of the country. From the suburbs to the city, higher rental prices mean that starter homes are often cheaper than renting. If you’re looking to save money, consider looking at those starter homes!

Consider Small Towns and Rural Areas

Remote work is booming nationwide, and many buyers are no longer tethered to big cities for work. House hunting in small towns and rural areas is an excellent choice if you’re hoping to find a more affordable home and aren’t as concerned about a commute. Bonus: you’ll often be able to find a bigger home for less money in smaller towns.

Use an Experienced Realtor

If the 2022 housing market feels intimidating to you, make sure to find an experienced realtor to support and guide you through the process. You don’t have to do it alone, and we’re here to help you find what you’re looking for! Contact us today, and let’s get started!

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