How to Stay Relaxed through the Home Buying Process
Whether a first time buyer or a seasoned investor, buying a home can be a hectic and stressful time, especially in a strong seller’s market. See these tips for a little extra help on how to survive the home buying process.
Start practicing those organizational skills.
Long before you start viewing properties it is highly recommended to have one’s ducks in a row. Make sure you have your paperwork in order, work well with your real estate agents, have a pre-approval letter ready, etc. so when you do find that perfect home nothing will prevent you putting in a competitive offer.
Have a strong understanding of your finances early on and make sure you’re 100% ready to buy.
See here for a great list on where to start. Give yourself plenty of time to get your finances in order and do your best to be realistic in terms what additional costs you can run into: ie closing costs, home repair or remodel costs, etc.
Do your research.
Particularly if you are a first time buyer, you’re bound to have a few questions: what is the time period for acceptance and delivery? What does getting a low appraisal mean? How does earnest money work? Luckily the internet offers numerous blogs, guides, and videos dedicated to the home buying process. See here for a guide that can help you get going.
Find a buyers agent you trust.
An experienced buyers agent you work well with is your golden ticket to getting through the purchasing process. They can point out details about the home or location that you might not notice, so make sure your agent understands exactly what your priorities are for and listen what they have to say. Your agent is also a great resource when you have questions or concerns about the homebuying process. Your agent has a wealth of knowledge on possible problems and negotiations, so hear them about before starting to panic.
Embrace the nerves that accompany placing an offer.
It could be days before there is any word on whether or not your offer has been accepted by the seller, so those gut-twisting butterflies may last a while. Find something to occupy your time! Keep looking at properties in case this offer falls through. Pick up a new book or TV show that will keep you engaged in something else. Start a new workout routine. Whatever it is that works to keep your mind busy, healthy, and stress free.
Give yourself boundaries.
In our current age of constantly being connected to technology, it’s easy to become glued to our emails, checking for the latest listing for fear of missing out on something. However, life has a tendency to keep moving forward when you aren’t paying attention. By setting limits on when or how long you are scrolling through listings or emails, you will relieve yourself of the stress of constant catch-up with your own life.