Know that there’s no “right” time to buy.
If you find the perfect home now, don’t risk losing it
because you’re trying to guess where the housing market and interest rates are
going. Those factors usually don’t change fast enough to make a difference in
an individual home’s price.
Don’t ask for too many opinions.
It’s natural to want reassurance for such a big decision,
but too many ideas from too many people will make it much harder to make a
decision. Focus on the wants and needs of the people who will actually be
living in the home.
Accept that no house is ever perfect.
If it’s in the right location, the yard may be a bit smaller
than you had hoped. The kitchen may be perfect, but the roof needs repair. Make
a list of your top priorities and focus in on things that are most important to
you. Let the minor ones go. Also, accept that a little buyer’s remorse is
inevitable and will most likely pass.
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 or refusing to budge may cost
you the home you love.
Remember your home doesn’t exist in a vacuum.
Don’t get so caught up in the physical aspects of the house
itself that you forget about important issues such as noise level, access to
amenities, and other aspects that also have a big impact on your quality of
life.
Plan ahead.
Don’t wait until you’ve found a home to get approved for a
mortgage, investigate insurance, or consider a moving schedule. Being prepared
will make your bid more attractive to sellers.
Choose a home first because you love it; then think about
appreciation.
A home is still considered a great investment, but its most
important role is as a comfortable, safe place to live.
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