10 Thing to Take the Trauma Out of Homebuying!

By
Real Estate Agent with Gentry-Jackson & Assoc., Keller Williams Bluegrass

In today's market I hope people will find this helpful... Homebuying should still be a positive, exciting adventure! It's a huge decision and purchase that should be taken very seriously, but that doesn't mean it should be a scary process! These tips should put some people's mind at ease... :)

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 U.S. homes have appreciated an average of 5.4 percent annually over from 1998 to 2002, a home's most important role is as a comfortable, safe place to live.

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Anonymous
Mark Ellis

Dana,

Great article.  My wife and I have been looking at houses in the country for quite some time, and whenever the subject of selling our house comes up, she starts pointing out all of the imperfections that it has.  I keep telling her that there is no perfect house and ours will be no exception. 

Anyway, this is a great article and I found the buying and selling tips to be "spot on"!


God Bless

Mark Ellis

ExpertRealtorWeb.com

 

Aug 02, 2010 02:46 AM #1
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Dana Gentry

Dana Gentry, Realtor Lexington KY
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