You know what happens when you can’t find anything in your price range? You usually start looking above your price range. Can’t find anything around $300k? Then look up to $325k, then $350k, etc. You usually find something you like.
I recently had something happen that was a little mind blowing.
I personally have been on a casual search for a place in the country. I’m pretty picky. I wanted a great view and lots of wooded area so I wouldn’t have to mow it all. I also wanted huge garages so all my cars can live together instead of having them scattered all over. I started out at the price point I wanted. Then upped it. Then upped it some more. Before long, I had almost doubled the initial price range. Still nothing.
Then one day I get a call from somebody who was referred to me from a past client. They had 15 acres in Clark Co. I go to see the place. I look at the recent sales and give them a number for what I think is market value.
While I am viewing their house to list it, I keep thinking things like:
“Why can’t I find a view like this?”
“Why can’t I find huge garages like this place has?”
“Why can’t I find a place with woods on 3 sides?”
“Why can’t I find a small one level home like this one has?”
After all, I have been looking at properties that were nearly 3 times the value of this one.
Later that week, I started thinking about this place again. How much I loved the view. How the huge garages are already there. How the home was the right size. Just about every house I had seen had a huge McMansion on it and I don’t want fancy and I don’t want that much to clean. I want to leave the McMansion I have now.
Then I asked myself “Why don’t I buy this place?”
And I did.
So, when you can’t find something in your price range, try looking below your price range. It doesn’t happen often, but sometimes you can find something you love for less than you were planning on spending.