Are you dealing with homebuying stress?
July 05 2018
Whether you're buying your first home or you're trading up for your dream home, the process is an emotional experience. It's exciting to think about finding a new space to accommodate your family and lifestyle, but the added financial decisions can be stressful.
Here are four tips to help make the homebuying process a little less overwhelming.
1. Plan ahead. Set your budget, consider the communities you want to live in and make a list of features and amenities you want to have. It's also essential to research lenders and types of mortgage loans as well as down payment or insurance requirements.
2. Know what you're getting into. Get familiar with condo boards and HOAs, and know what pricing looks like where you want to buy. Expect competition from other buyers depending on availability. When you're ready to make an offer, using a checklist can help you prepare for each step to come.
3. Be present. Once your offer is accepted, the process can start to move fast. Try not to get too far ahead of yourself. Focus on the task you need to get done immediately and work through the next when it's time.
4. Set your limits. Know when it's time to walk away. How much will you negotiate? How high will you go on your offer? What are your deal breakers? Knowing and sticking to your limits can save you a lot of hassle and help you to avoid overextending your financial resources.
By planning ahead and being prepared, you can feel confident in your decisions and keep the excitement going. And, remember that you won't be going through this process alone.
If you're ready to buy a new home or have questions about the process, get in touch.