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450: How Your First Time Home Buying Decision Affects Long-Term Wealth with Scott and Mindy
BiggerPockets Real Estate Podcast
How to Find the Right Property When Buying Your First Home
When searching for your first home, it’s crucial to focus on sold properties rather than active listings. By analyzing properties that have transacted in the last 90-180 days, you can gain a realistic understanding of the market. If no sold properties meet your criteria, it indicates that your expectations may be unrealistic. Conversely, if many properties match your criteria, it’s a sign to further refine your search. Aim to identify five to ten properties that, barring any significant issues, would be acceptable as potential homes. This method ensures a grounded approach to home buying, helping to identify feasible options within the market.
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