10 Things to Remove the Trauma from Home Buying
Avoiding Home Buyer Headaches When Moving Out
10 Things to Remove the Trauma from Home Buying
1. Find a REALTOR®, like Kathy Hyatt who you can relate to. Home buying 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.
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2. Remember, there is no “Right” time to buy, any more than there is a right time to "Sell". If you find a home, don’t try to second-guess the "Interest Rates" or the "Market" by waiting. Changes don’t occur fast enough to make that much of a difference in price & a good home won’t stay on the market long.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 from 1998 to 2002, a home’s most important role is "A Comfortable, Safe Place to Live and Enjoy".
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Have a Real Estate Question or interested in Buying or Selling a Home? Give Kathy a call at 954-347-0244 and visit www.KathyHyatt.com