A woman I knew, some years ago, decided it was time to have a home of her own. She had moved to Vermont from another state as a single mother with a soon-to-be teenage son. She fell in love with a fixer-upper in Wolcott. Friends immediately chimed in: “Don’t!”
All knew the perfect reasons, backed with news articles, case studies and expert advice, why this was not a good move. The economy was not quite right (I forget the exact year); she had not been in Vermont long enough to show proper income stability; the price was wrong; it required too much work; she’d burn out shuffling renovations, work and a child; she did not have enough money for a substantial down-payment; she could save far more money at this time as a renter; she should rely on financial assistance from her former husband instead of creating a burden for herself; the house was not in a prime location to gain value over time no matter how much she improved it; the list goes on, and on, and on.
In fact, the list of “counter-indications” was far longer than the story that unfolded in spite of it. She bought the house, hired a very creative crew to renovate it (which they did within a single summer) and turned it and the grounds into her little paradise. She did not loose sleep over it, at least not the sort of loss caused by worry. The sleep she did give up she spent contemplating her project and joy. Moreover, she did not go broke; she saved money.
The moral of this story: When we make a decision that we know is right for us, we become attuned to the steps, people, and things that can work on our behalf and in our favor to help us reach our goal.
Houses go up for sale in all markets. Houses in every unthinkable shape go up for sale in any market. There are several other sides to this equation besides the market: The seller, the condition of the house, the buyer, their tastes, goals and budgets. For every house on the market, there are hundreds of buyers.
Not only that, but also most buyers begin their journey with a vision that changes over time, which means that the house they might not have considered at first can become the hidden gem. For instance, it does not have the gigantic kitchen, but the price is right so they looked anyway and discovered it had space for the home office they originally thought they would do without a while longer. As for the kitchen, they discover that proper design provides the sense of breathing room they had assumed could only exist with high square footage. Live and learn.
There is a home within someone’s price range and dream range out there at this very moment. As the fluctuating market causes our priorities to shift, so do we shift our perception. This does not mean the right home will not sell to the right buyer; it means the buyer who might ignore your home today may see it in a new light tomorrow. It means the audience is not static.
In this sense, as much as we hate or fear economic fluctuations, they shift the map, so to speak, always revealing a new curve, a new obstacle and the path around it where the journeys of sellers and buyers intersect, inevitably.