Guide to Home Buying

Most people only buy a couple of homes in their lifetime. This lack of experience leads to many home buyers feeling woefully unprepared, increasing their stress level which affects their decision making at the worst possible time. The process doesn’t have to be so complicated if you keep things in perspective.

Keep in mind you’re not getting married. You don’t have to make a lifelong commitment to a home. So relax, you only  need commit to a home for a few years. You can always move later if you fall out of love with your home, as long as you buy it right.

Here are a set of rules that will help you through the process:

*Determine your needs for the next five years. Affordability is number one. Make sure you consider all the costs: mortgage payments, taxes, insurance, maintenance and utilities. Your family size, lifestyle and profession are also important factors.

*Get the facts. The number one rule is do not overpay for a home. Try to determine what a home is worth based on comparable sales. If the home needs repairs, be realistic when you estimate those costs.

*Don’t fall completely in love. Lacking experience, people rely on their emotions. Remember a house is just sticks and stones and there are plenty of them out there.

*Get professional help. Seek the assistance of a REALTORĀ® to help guide you through the different steps. Educate yourself as much as possible so that you can better utilize your agent.

*Don’t be afraid to pull the trigger or walk away. Once you compile all the facts concerning a house you love, it becomes a much easier decision. If you love a house, the price is fair and affordable, then don’t be afraid to seal the deal.

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