Monday, April 07, 2014

Guest Post - Take the worry about buying a home!

A knowledgeable REALTOR® can help take some of the stress out of the home buying process.  Now let’s see what you can do to take some pressure off of yourself.

Say that you and your significant other have spent several evenings looking at homes over the last several months, or you allocate Sundays to view Open Houses.  One of two things will likely happen and they both will cause you some anxious moments: 1.)  You looked at twenty homes and didn’t find exactly what you were looking for; or 2.) You found the ideal home only to find out that someone has already put a contract on it.  In markets where there is very little inventory and lots of buyers, the speed in which you have to make an offer can be nerve racking.

Purchasing a home is perhaps the most important financial decision you will ever make, let’s face it, it's the largest part of that quality of life that you envision for your family.  If you are experiencing anxiety, it might help if you pinpoint where this uneasiness comes from.

What determines our comfort in any given situation; is our perception that we have things under control.  There are so many moving parts in the home buying process, that it would be impossible to control every outcome; trying to do so would only lead to more stress.  When anxiety sneaks in, try and take a step back and refocus on the 'big picture'.  You already know why you're buying a home!  Psychologist Sue Murrin urges homebuyers to adjust how they think about the process in order to combat stress.  According to Murrin, "we have to tackle our own thoughts as much as taking action on any aspect of the buying/ selling stages.” (article: House Buying Stressful or Fun by Sue Murrin)

Before you identify a home that will be right for you, it is important to try and understand whether you are stressed by the process, or about internal feelings that are within your control.  You can take away some of the stress by addressing some of the unknowns.  Money Are you worried about spending too much to maintain a healthy budget?  If so, talk to your agent about showing you homes that may be a little less expensive.  Career Is your employment situation likely to change?  If so, deciding to wait until you are sure that your job is stable or salary remains constant, may be a viable option.  Market ― Do you fear that the price of the home may go down in value?  Home prices do fluctuate that we know, but one thing you can do to mitigate this is to make sure you take pride in the appearance of your home, and think of it as an investment for the long-term.

Make sure you’ve done your homework, and once the hard part of searching and buying a house is over, you can now finally enjoy a lifetime of making it yours.
Jason Wrenn
Long and Foster

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