Unfortunately, 83.7% of home buyers and their Realtors believe they can only fulfill two sides of the London home buyer pyramid. I strongly disagree that a motivated, patient, and knowledgeable buyer working with a Realtor who has systems in place can fulfill all three; maybe not 100% in some cases, but I would take 90% plus over 66% any day!
As a home buyer in London, Ontario, and the area, I am sure you would, too!
Price
This may sound flippant, but price is what you are qualified for. If you are qualified to buy up to $800,000, why look at places that are $900,000 or more? You will either discourage yourself or discredit the seller’s ego if you can get $80,000 to $100,000 off the price.
Yes, I have seen a few cases where a seller with pie-in-the-sky fantasies has dropped the price by $100,000 or more after a few months of no showings or offers.
A reasonable buyer can easily fulfill the left side of the pyramid when there is a reasonable seller!
Location
Location may be #1 on the London home buyer pyramid. Regardless of price or features, you ain’t buying. You have your reasons and comfort zone, if you are going to move, feeling good about your environment is a good thing.
Features
What are your must-haves in a home? Would be nice? Don’t care? I have yet to find a home that checks 100% of the boxes. Think about your must-haves and if necessary, draw a line in the sand, no ifs, buts or what the heck -don’t cross the line.
Please tell me, if you took the time to understand the three sides of the London home buyer pyramid, why would it be difficult to find that home? If you find it challenging, one of the three sides is not aligned.