5 Compromises Worth Making When Buying a Home
Posted by Jay McDouall on
By Liz Alterman
Home buyers often start their search with a long list of must-haves ... only to find they need to whittle it way down once they see what's within reach. Unless you're a bazillionaire, it's impossible to check all those boxes on the wish list. So, how do buyers decide what pieces of their dream (home) they're willing to hack off?
Imagine a triangle with price, location, and size/style/upgrades at each point. In most cases, you will have to be ready to give up on one of those three, says Dana Gonzalez, a Realtor® in Denville, NJ. “Expect to compromise. If you get 80% of what you want, you're lucky."
We asked experts to name some common concessions and offer words of wisdom—or warning—on how those trade-offs can play…
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