| How
to Take the Trauma Out of Homebuying - buying a home
can be a trying experience, but it doesn't have to be a
stressful one. Approaching the process with the right
expectations can make all of the difference! |
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Find a compassionate real
estate agent Homebuying is not only a big financial
commitment, but also an emotional one. It's critical that the
agent you chose is both skilled and a good fit with your
personality. |
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Remember, there's no
"right" time to buy, any more than there's a right
time to sell. If you find a home now, don't try to second-guess
the interest rates or the housing market by waiting. Changes
don't usually occur fast enough to make that much difference in
price, and a good home won't stay on the market long. |
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Don't ask for too many
opinions. It's natural to want reassurance for such a big
decision, but too many ideas will make it much harder to make a
decision. |
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Accept that no house is ever
perfect. Focus in on the things that are most important to you
and let the minor ones go. |
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Don't 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. |
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Remember your home doesn't
exist in a vacuum. Don't 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 it's like to live in your new home. |
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Don't wait until you've 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. |
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Factor in maintenance and
repair costs in your post-home buying budget. Even if you buy a
new home, there will be some costs. Don't leave yourself short
and let your home deteriorate. |
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Accept that a little buyer's
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. |
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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 home's most important role is as a comfortable, safe
place to live.
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