Lynn Fairfield

Broker

Take the Stress Out of Homebuying



Take the Stress Out of Homebuying

Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips for making the process as peaceful as possible.

 

1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It?s critical that the REALTOR? you chose is both highly skilled and a good fit with your personality.

2. Remember, there?s no ?right? time to buy, just as there?s no perfect time to sell. If you find a home now, don?t try to second-guess interest rates or the housing market by waiting longer ? you risk losing out on the home of your dreams. The housing market usually doesn?t change fast enough to make that much difference in price, and a good home won?t stay on the market long.

3. Don?t ask for too many opinions. It?s natural to want reassurance for such a big decision, but too many ideas from too many people will make it much harder to make a decision. Focus on the wants and needs of your immediate family ? the people who will be living in the home.

4. Accept that no house is ever perfect. If it?s in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs repair. Make a list of your top priorities and focus in on things that are most important to you. Let the minor ones go.

5. Don?t try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to ?win? by getting an extra-low price or by refusing to budge on your offer may cost you the home you love. Negotiation is give and take.

6. Remember your home doesn?t exist in a vacuum. Don?t get so caught up in the physical aspects of the house itself ? room size, kitchen, etc. ? that you forget about important issues as noise level, location to amenities, and other aspects that also have a big impact on your quality of life.

7. Plan ahead. Don?t wait until you?ve found a home and made an offer to get approved for a mortgage, investigate home insurance, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.

8. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be costs. Don?t leave yourself short and let your home deteriorate.

9. Accept that a little buyer?s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big financial commitment. But it also yields big benefits. Don?t lose sight of why you wanted to buy a home and what made you fall in love with the property you purchased.

10. Choose a home first because you love it; then think about appreciation. While
U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home?s most important role is to serve as a comfortable, safe place to live.

  

Reprinted from REALTOR® Magazine Online ((http://realtormag.realtor.org), with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2012. All rights reserved.