At Ease – Tips for a Stress-Free Homebuying Experience

For many folks ready to take the homebuying plunge for the first time, thoughts of going through the process are often filled with stress and trepidation. After all, buying a home is most likely the largest, most significant financial decision they have ever made up to that point. Fortunately, the experience doesn’t have to be a period of sleepless nights and continuous worry. By taking the right steps, you may actually find the experience as much fun as it is rewarding.

From finding the perfect real estate agent to narrowing down your choice of homes, here are our top tips for a stress-free homebuying experience:

Patience is a Virtue  – When you are choosing a real estate agent to work with, be patient and take the time you need to find an agent that you connect with. Finding a highly skilled agent who fits with your personality is crucial.

Perfection is Rare – You probably aren’t going to find a home that is 100% perfect, so it is important to make a list that includes your top priorities that you can’t live without. Be sure to stick to the items on your list and let go of the minor things.

Seek Approval – Getting approved for a mortgage should be taken care of well before you find a home and make an offer. This way you will know how much house you can afford and will make your offer more attractive to sellers. 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.

Budget – Create a budget before you move into your new home and be sure to include maintenance and repair costs. Even if you buy a new home, there will be extra costs, so it is important to not come up short and let your new home deteriorate.

Negotiation Station – It’s important to negotiate, but be sure you don’t take your negotiating too far. Trying to get an extra-low price or refusing to budge on your offer may cost you the home in the end. Successful negotiation depends on give and take, so make sure you are being fair in your requests.

Opinion Hound – 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.

Buyer’s Remorse – After purchasing a home, a little buyer’s remorse is inevitable, but it will pass. Buying a home is a big financial commitment, but it also yields big benefits. If you are feeling remorseful after buying your home, remind yourself why you wanted to buy a home and what made you fall in love with your new property.

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