Now that the market has calmed a little bit, it may be time for some prospective buyers to reconsider getting back in the market. Maybe you dipped your toe in the market back in April but found multiple offers and the frantic pace a little too much to bear. Buying a home can be stressful even in the best of times. But when we have a market like we did this past Spring, it can get a little frustrating. It’s normal to experience anxiety when you’re making one of the biggest purchases of your life. But you don’t have to let the stress get to you. Here are some proven strategies that can help you calm your home-buying nerves.
Know what you want
Even though the market has slowed a bit, it still can be somewhat competitive. If you are buying a home now, you’ll likely be competing against other buyers for the same house. One way to calm your nerves is to know exactly what you’re looking for in a home. When you’re buying in a sellers’ market, you have to be decisive and act fast. When you know what you want, you’ll know when you’ve found it. You won’t have to agonize over whether you’re making the right decision, and you’ll be able to put in a competitive offer quickly.
Know when to walk away
Like Kenny said, "you've got to know when to hold 'em, know when to fold 'em, and know when to walk away". If you're working with a good agent, they should be to help you set reasonable parameters regarding price and condition. Just because every other buyer has gone cuckoo for a particular home, doesn't mean you have do the same.
Understand the process
Fear of the unknown can cause major stress for most people. That’s why educating yourself about the home buying process is key to eliminating anxiety. Become familiar with each of the steps that you’ll take to close on your home. Know the lingo. Look over all the documents so you know exactly what you’re agreeing to. And don’t be afraid to ask questions. Lean on the experience of your agent and loved ones who have gone through the process before you.
Understand your ContingenciesOnce you go under contract, you have certain contingencies that allow you to exit the contract. Talk to your agent about the specifics of these contingencies and when you are able to execute them. This will help you better understand the contract and your rights within it.
Contact Norhill Realty :)
Finally, the best way to help ease home buying anxiety is to work with a trusted real estate professional, like the agents found at Norhill Realty. Our firm has been through the home buying process many, many, many times. We know the hurdles that need to be jumped and obstacles that may cross your path along the way. We can offer invaluable practical advice when you’re feeling conflicted or anxious. In the end, a Norhill agent will make sure that you cross the finish line well informed and feel confident in your purchasing decisions.
Norhill might not be the best fit for every client or location, but feel free to reach out. Even if we aren't the right fit, we would be happy to help point you in the right direction. See the form below to connect with an agent today. Or call 713-869-5700.