Take the Stress Out of Home Buying

Take the Stress Out of Home Buying

1. Find a real estate agent thats simpatico. Homebuying is not only a big financial commitment, but also an emotional one. Its critical that the agent you chose is both skilled and a good fit with your personality.

2. Remember, theres no right time to buy, any more than theres a right time to sell. If you find a home now, dont try to second-guess the interest rates or the housing market by waiting. Changes dont usually occur fast enough to make that much difference in price, and a good home wont stay on the market long.

3. Dont ask for too many opinions. Its 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. Dont 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 doesnt exist in a vacuum. Dont 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 its like to live in your new home.

7. Dont wait until youve 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. Dont leave yourself short and let your home deteriorate.

9. Accept that a little buyers 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 homes most important role is as a comfortable, safe place to live.

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