So let’s simplify this. Let’s take a look at some of the unwanted pressures of buying a home, and how to correctly navigate them.
1.) Define your reasons for buying a home. If you’re looking to buy a home because you really have an urge to paint and design a living room, you might want to hold off a bit. Buying a home is a huge commitment, one that you may spend the next 30 years paying off. On the other hand, if you’ve researched the pros and cons of buying a home (how it’s going to affect your taxes, if you’re able to handle being responsible for all maintenance concerns, etc) you might be ready to take the first step.
2.) Get your finances in order. Nothing adds more stress to a home-buying situation quicker than financial uncertainty. You might find the perfect home but not be able to make an offer because the bank hasn’t finished processing your loan paperwork yet, or you might end up looking at houses only to have your dreams crushed when you discover you qualified for a much lower amount than you thought you did. Before you start your search, make sure you know where you stand.
3.) Hire an agent. Trying to tackle the process of buying a home without the help of an experienced real estate agent is often setting yourself up for disaster. An agent will know the up-and-coming neighborhoods, the current state of the housing market and other things that you might want to consider (a swimming pool is great, but are you aware of the maintenance costs?). They will also help you make a strong first offer and negotiate properly to get the home of your dreams. In addition, they often have a significant list of contacts that will be able to help you in your process, such as a great home inspector.
4.) Cancel out the naysayers. Buying a home is often like planning a wedding; there is going to be countless people who think they know best and want you to take their opinion. Thing is though their opinions aren’t always facts. Your mother-in-law might comment that the house you’re looking at is far too overpriced in this market, but in reality she probably doesn’t know the real estate climate at this time and the cost of that home could be perfectly reasonable. Just be sure to have a reliable real estate agent, as well as…
5.) Trust your gut. If you walk into a home, and it just doesn’t “feel right,” it’s probably not the home for you. Sure it might be the right size, have a backyard like you asked and be in your price range, but if you’ve got a gut feeling that it’s not a good fit, it’s probably not. When you find the home of your dreams, you’ll know it.