Making Home Buying More Stress Free

By
Real Estate Agent with GreatWest Realty DRE# 00827565

In some regions of the country, including Sacramento, we are beginning to witness a shift from a glut of properties on the market with few homebuyers, to one where current market reports reflect more homes transitioning to “pending sale” status, than homes being listed For Sale.

 

This shift can add to the urgency or stress levels of homebuyers.  Here are a number of steps, which can help alleviate anxiety, and make buying your special home more pleasurable.


1. Find a real estate professional who’s compatible. Buying a home is a big financial commitment, and it is often an emotional experience. It is important that your real estate professional be skilled, and a good fit with your personality.

2. It is important to understand that real estate markets are cyclic.  There is no absolutely “perfect” time to buy a home, nor is there a “perfect” time to sell a home.  A number of factors incorporate marketplaces.  For example, currently, there are fewer homes to select from than a year ago.  However, prices continue to remain low in many areas of the country.  And mortgage interest rates are at lows not seen in decades.  If you try second-guessing the market on interest rates and prices, you risk missing out! 


3. Asking Uncle Bernie for his advice, can sometimes confuse your thinking.  Homebuyers often want reassurance when making a big purchase like buying a home.  But conflicting ideas can make it difficult to come to the best decisions.

 

4. If you find that “perfect” home, with the great location and a good price, don’t attempt to low-ball an offer.  Chances are, other buyers may be interested in this home as well, and are contemplating their own offers. 

 

5. Your competition is not the seller.  Your competition is usually other homebuyers, who hope to also make this house their home. 

 

6.  It is important to meet with a lender and begin the pre-approval process for a home loan prior to your property search.  The lender can accurately judge how much mortgage you can qualify for.   This saves time and angst from viewing homes you cannot afford.  And it places you in a stronger position with your offer.


7.  Buyer’s remorse often visits homebuyers after offers have been written and accepted.  Understand a little remorse is inevitable.  Buying a home is a huge commitment.  I sometimes joke with my homebuyer clients, that remorse nearly always hits at 2:00 am in the morning, but often dissipates by dawn when the light of day puts things back into proper prospective once again.  I also advise against their calling me at 2:00 am; but to instead wait until 6:30 am:-)  

 

8.  It is important to understand the benefits of owning a home, and the potential for appreciation.  With the current low home prices and interest rates, mortgage payments are often similar to what many folks have been paying for rent. 

9.  By planning and taking certain steps in the home-buying process, much stress can be reduced, and the pleasure of the accomplishment can be more joyfully embraced.

Good Luck to YOU!

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Re-Bloggged 3 times:

Re-Blogged By Re-Blogged At
  1. Janice Roosevelt 05/16/2012 09:38 AM
  2. Roy Kelley 05/17/2012 07:17 AM
  3. Gabe Sanders 05/21/2012 03:59 AM
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Topic:
Home Buying
Location:
California Sacramento County Sacramento
Groups:
Feather Nesters
Diary of a Realtor
Dedicated Bloggers
The Ninety-ninth Percentile
The Lounge at Active Rain
Tags:
myrl jeffcoat
sacramento home buying

Comments 39 New Comment

Rainmaker
634,747
Evelyn Kennedy
Alameda, Real Estate, Alameda, CA
Gallagher & Lindsey, Alameda, California

Myrl:

They should ask uncle Bernie, after all he bought a home once, so he is an expert now.  Seriously, your list is what buyer should pay attention to.  Forget Uncle Bernie.

May 17, 2012 12:23 PM
Rainmaker
1,150,826
Tony & Darcy Cannon
The C Team
Keller Williams Legacy

Myrl, That is a great list to have for homebuyers, especially first timers!  It is important that they realize that we really have (in many areas) switched to low priced sellers market.

May 17, 2012 12:48 PM
Rainmaker
578,413
Barbara Altieri
REALTOR - Fairfield County CT Real Estate
RealtyQuest, Fairfield and New Haven County CT Homes for Sale and Real Estate

Good advice, Myrl. Leave Uncle Bernie out and don't second guess the market!

May 17, 2012 01:49 PM
Rainmaker
669,789
Steve and Jan Bachman
Realtors - Northern Virginia
RE/MAX Gateway, Reston, Herndon, Ashburn, Sterling, Fairfax

Heck Myrl. I didn't know you were featured...I was just stopping by since you ALWAYS post good stuff. Like this...

May 17, 2012 02:33 PM
Rainmaker
500,737
Mary Douglas
REALTOR, Red Feather Lakes, Colorado
United Country Ponderosa Realty

Excellent info Myrl!  Buyer's expectations aren't  in line with the  current market situation in many areas. ..

May 21, 2012 04:24 PM
Rainmaker
1,068,325

Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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