Horror stories often abound when house hunting enters the conversation. Whatever you’ve heard, it’s natural to feel a little apprehensive when making what could be one of the biggest purchases in your life.
Moving is one of the most stressful situations that a person can go through. It’s one of the most rewarding, but also one of the most stressful. So if you’re in the market for a house, follow these tips to drop the drama at the door during your search for a home.
Know What You Want
The first step to avoid house hunting drama is to really sit back and think about what is most important to you. What are your non-negotiables? Location? Educational opportunities? Price? Daily commute? Once you have determined what is important to you and your family, then begin your home search.
Stick to Criteria
Be sure to check that the communities in which you are conducting your search include homes that align with your values. This will narrow down your scope so you are not looking at hundreds of homes, just the ones that fit in your criteria. If you do your research ahead of time, you can be more confident that what you want is available in the area that you want. Looking in an area that’s not going to provide the home type that you want is going to cause frustration.
The search for the right home can take long enough, let alone with extra interruptions. Avoid paperwork hiccups by submitting all of the necessary documents to make sure your loan is completely preapproved. So if there is any issue, it is identified early on in the process and not the moment that you’re trying to submit a contract on the property.
Remember that you don’t make your monthly payment to the price of the home. Price is relative to the mortgage you are able to obtain. So be sure to get your numbers locked down so you know what price range you are most comfortable with.
Choose the Right Person
When choosing a real estate agent, do your research. Meet with them to make sure you are a fit. Give them your expectations and make sure they have the ability to get the job done.
Hiring the right home inspector could also ensure a smoother home buying process.
It’s all in the reports that they provide. The ideal reports by inspectors include detailed explanations as well as photographs. Unfortunately, some reports consist of a two- to three-page checklist. This can create frustration on the buyers and the sellers part because you don’t have clear enough documentation on what the problem is.
Communication is Key
Communication is the antidote for any drama disease. The more open the client is with the agent, the less drama is going to present itself in the transaction. You have to trust your agent and relate to them as a confidant, as an ally.
Be open about your biggest stressors and fears in the home buying process with your real estate agent. If you are prone to anxiety and stress, don’t be embarrassed by that, but bring that to your agent.
Know Your Personality
Let’s face it. Most of us have at least one drama queen in our lives. And some of us might just be one. Be true to yourself. If you know that you’re a drama-filled person, then embrace that. A good real estate agent will have experience in working with all different kinds of people and family dynamics. If that’s your personality type, make your agent aware.
Procrastination causes drama. If you have a deadline, many real estate professionals recommend beginning four to six months ahead of time to start educating yourself on the process. Do some research on your local housing market. For example, find out the average amount that is negotiated in your community. Have the right expectations, or else you’re setting yourself up for frustration. A little preparation will go a long way in helping your assumptions stay reasonably accurate.
Director, Luxury Homes Division
Professional Financial Planner
Keller Williams, Santa Barbara