House Hunting Tips Part III: Getting Emotionally Ready to Buy a Home
Are you thinking about buying a home? If you've done your share of house-hunting before, you know that finding that perfect house can be an exhausting endeavor financially, physically and emotionally.
In this Part III of our Home Buying checklist series - we're going to review the emotional prep work necessary to get the most out of your house hunting.
1. Have Patience
Looking for a new home is physically tiring. Looking for the "right" home can be emotionally draining and nerve wracking. When you finally decide that you're ready for a new home, it can be tough to find one that meets expectations. If you don't have a pressing need to move in right away - take your time looking for the right home that meets your needs. It may be tough to spend more than a few weekends looking at houses and attending open houses but buying a home is a big investment...make it count!
2. Be Professional
Understand that most people you will work with in this process don't see a dime until the house is sold. That means your realtor, mortgage officer and seller are only paid when you sign your name on the dotted line. Why is this important? If you want people to work hard for you then it's important for you to be professional with them. Be on time. Keep your appointments. Respond quickly. All of this doesn't mean that you need to be a push-over with negotiations but it does mean that you should approach the transaction with mutual respect.
3. Make Non-emotional Decisions
We mentioned earlier that buying a house is a big investment. As such it's important to remember that while you want to find the "right" house in terms of number of bedrooms, garage layout and that ultimate double oven - you need to also make sure the home you buy is the "right" house for you financially. Be sure to approach your decisions about offers, counter offers and such by considering:
• How will the home with appreciate in value?
• Are there any hazards associated with the property that could cause further damage?
• How is the neighborhood and neighbors?
• Does this home fit my family's current and future needs?
• Am I willing to put in the effort to maintain/fix the (pool) (yard) (damage)?
It's our goal at Midwest Equity Mortgage, LLC for you to make the best home buying decision for you and your family. Be sure to speak with a qualified mortgage professional before you take the leap into buying a new home!
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