Take the Stress out of Buying a Home

Buying a home can be stressful, especially for the first time buyer. Keep in mind some of these tips to make the process as stress free, and potentially fun, as possible.

  1. Find an agent you can be comfortable with. Your home is a big financial commitment, and at times an emotional one. Therefore it’s critical to have a skilled Realtor that is a good fit with your personality.
  1. Understand there is not a right time to buy or to sell. If you find a home now, don’t try and second guess interest rates or the housing market by waiting longer. You risk losing the home of your dreams. The housing market typically doesn’t change that fast to make that much of a difference in price and a good home, priced right won’t stay on the market long.
  1. Don’t ask too many people for their opinions. It may be natural to get input from people, but too much input from too many people will make it harder for you to make a decision. Take the time to focus on the pros and cons of the house to help you focus on your priorities and needs and not on emotional buying.
  1. Understand that no house is perfect. You may find the right location but the yard is too big or too small. The kitchen might be just right but the bedrooms are a little small or the roof needs to be replaced. Again make a list of your priorities and focus on what is most important to you and not on the minor issues.
  1. Be a cautious negotiator by trying to get a good value versus trying to get an extra low price or refusing to come off your selling price. You run the risk of losing your dream house or your buyer. Negotiation is a give and take process and needs to be taken in relation to the overall picture.
  1. Remember to evaluate the entire house including area noise levels, location to amenities, surrounding houses, schools and other aspects that can impact your quality of life.
  1. Plan ahead and get pre-approved for a loan so that you are looking at houses that you can afford. You don’t want to look at houses that cost more than the bank would be will to lend. You probably won’t be satisfied with a house that cost less with less amenities but is a house that you can a mortgage for from your local bank.
  1. Factor in costs for home inspections and ongoing maintenance. Whether you buy a new home or older home there will be costs. Don’t forget to budget for normal wear and tear items that will need to be repaired.
  1. Accept the fact that there may be some buyer’s remorse and that it will pass.
  1. Buy a home because you love it and then think about appreciation. While homes have appreciated over a long period of time that is no guarantee. Remember why you bought it and accept that it is your comfortable and safe place to live.