Buying a Home?
7 Unsettling Emotions You'll Feel Before the Deal Is Done,
Buying a home may be a financial transaction, but it's a highly emotional one, too. And while there are highs—like the moments you know you've found The One or you get the keys to your new home—you may also go through periods of high anxiety or hopelessness before you close the deal.
Ask any homeowner about their experiences buying a home, and you’ll hear a similar refrain: Purchasing property is utterly nerve-racking. With so many moving pieces, buying a home can feel like a high-stakes juggling act—only you don’t have time to practice.
As a real estate professionals like Carriene Porter of Precision Realty & Associates, you’re guaranteed to get the expertise and advice you need to Sell or Buy your home. I’ve specialized in working with first-time buyers. Although each home sale is unique, I’ve noticed buyers experience some of the same ups and downs during the home-buying process.
1. Online photos can be deceiving
The only way to truly know what a house looks like is to see it in person. Click to see more on this beautiful condo- Status Active MLS #1564731
2. Open houses are fun—until they're not
However, it’s easy to get worn out. If you’re serious about buying a home, you’re attending open houses every weekend—which can get quite cumbersome, especially if you'd prefer to be out brunching with friends or attending Junior's soccer matches. The important thing to remember is that your house hunt won't last forever, in spite of how it may feel in the thick of things (see our next point).
3. Buying a home can feel like a never-ending slog
The lesson: You have to be patient, because it could take a while for you to find a house that you love.
4. Anxiously waiting to hear back on an offer
Once you’ve submitted an offer, though, the best thing you can do is wait. To minimize the pain though, I typically recommend home buyers attach an addendum stating that their offer expires in 24 hours. I do this for two reasons: It prevents the seller from being able to use your offer to shop around for a better one, and it gives you an exit strategy if you decide you want to walk away and look for another home.
5. Disclosures and home inspections? Terrifying
But don't fret: These documents err on the side of too much detail, and often make a problem seem far worse than it really is. Make sure to talk them over with your real estate agent so you know what the repair work will truly entail.
6. The disappointment of not getting everything.
A request for home repairs is another big point of contention. Home inspectors are trained to find every single flaw with a house, no matter how big or small. If the inspection reveals a major issue (e.g., a cracked foundation), that should absolutely be something you discuss with the sellers to see who will pay for repairs. However, you shouldn’t nickel-and-dime the sellers by asking them to fix every minor thing that’s wrong with the house; if you do, the deal could fall through.
Note: I always recommend including a home inspection contingency when making an offer on a property, unless the house is a short sale or it’s being sold as is, in which case you don’t typically have room to ask for repairs. A typical home inspection costs $300 to $500.
7. Getting a hand cramp at closing from signing all those forms
We are Ready to Help! Not quite ready to buy a home? You may qualify for the Lease with a Right to Purchase program. Call me and I'll give you the details on how you may qualify to get into the home you want, get settled and then purchase it when you are ready! If you prefer a more personal touch, CALL 801-809-9866 today.
#LeasePurchase #UtahRealEstate #Selling #Buying
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