Take the Trauma OUT of Buying

  1. Find the right real estate broker.  If possible find one before you start looking; espeically in the current market.  Home buying is not only a big financial commitment, but also an emotional one.  It’s critical the agent you chose is both skilled and a good fit with your personality.


  1. Don’t wait until you’ve found a home to get approved for a mortgage.  Having your financing lined up, getting a preapproval letter prior to presenting an offer not only ensures you’re looking in the right price point, but is almost mandatory before submitting a solid offer.


  1. Remember, there is no right time to buy any more than there is a right time to sell.  If you find a home now, don’t try to second guess the interest rates or 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.


  1. Accept no house is ever perfect.  Focus on the things that are most important to you and let the minor ones go.


  1. 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.


  1. Factor in maintenance and repair costs in your post-home buying budget.  Even it you buy a new home, there will be some costs.  Don’t leave yourself short and let your home deteriorate.


  1. 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.


  1. Choose a home first because you love it; then think about appreciation.  While U.S. homes have appreciated an average of 3% annually, a home’s most important role is as a comfortable, safe place to live.


  1. Don’t ask for too many opinions.  It’s natural to want to reassurance for such a big decision, but too many ideas will make it much harder to make a decision.


  1. 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.