Take the Stress Out of Home Buying

Take the Stress Out of Home Buying


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.


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.


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.


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.


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.


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.


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.


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.


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.


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.


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 (RealtorMag.Realtor.org) with permission of the

Copyright 2008. All rights reserved.