Brian Arendes, Realtor, CDPE, SFR, CNS,
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. Itâ€™s critical that the REALTORÂ® you chose is both highly
skilled and a good fit with your personality.
2. Remember, thereâ€™s no â€œrightâ€ time to
buy, just as thereâ€™s no perfect time to sell. If you find a home now, donâ€™t
try to second-guess interest rates or the housing market by waiting longer â€”
you risk losing out on the home of your dreams. The housing market usually doesnâ€™t
change fast enough to make that much difference in price, and a good home wonâ€™t
stay on the market long.
3. Donâ€™t ask for too many opinions.
Itâ€™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 â€” the people who will be living in the home.
4. Accept that no house is ever perfect.
If itâ€™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. Donâ€™t try to be a killer negotiator.
Negotiation is definitely a part of the real estate process, but trying to
â€œwinâ€ 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 doesnâ€™t exist in a
vacuum. Donâ€™t get so caught up in the physical aspects of the house itself â€”
room size, kitchen, etc. â€” 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. Donâ€™t wait until
youâ€™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. Donâ€™t leave yourself short and let your home deteriorate.
9. Accept that a little buyerâ€™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. Donâ€™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 homeâ€™s most important
role is to serve as a comfortable, safe place to live.