10 Things to Take the Trauma Out of
Homebuying
1. Find a real estate agent that’s simpatico. Homebuying is not only a
big financial commitment, but also an emotional one. It’s critical that the
agent you chose is both skilled and a good fit with your personality.
2. Remember, there’s no “right” time to buy, any more than there’s
a right time to sell. If you find a home now, don’t try to second-guess the
interest rates or the housing market by waiting. Changes don’t usually occur
fast enough to make that much difference in price, and
a good home won’t stay on the market long.
3. Don’t ask for too many opinions. It’s natural to want reassurance for such a
big decision, but too many ideas will make it much harder to make a decision.
4. Accept that no house is ever perfect. Focus in on the things that are most
important to you and let the minor ones go.
5. 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 may lose
you the home you love.
6. 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—that you forget such
issues as amenities, noise level, etc., that have a big impact on what it’s
like to live in your new home.
7. Don’t wait until you’ve found a home and made an offer to get approved for a
mortgage, investigate insurance availability, 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 some costs. Don’t leave yourself short and
let your home deteriorate.
9. Accept that a little buyer’s remorse is inevitable and will probably pass.
Buying a home, especially for the first time, is a big commitment, but it also
yields big benefits.
10. Choose a home first because you love it; then think about appreciation.
While