Find Ways to Chill when Buying gets Heated
Find ways to chill when the buying process gets heated …
Since a house is the largest expenditure most couples make, it’s no surprise that the process – whether you’re buying or selling – can lead to high anxiety. One of the primary reasons is different expectations, so it’s important to define your needs and desires and what you can realistically afford moving forward. Make separate lists and then compare notes. No matter how simpatico you and your spouse are in certain things, there are bound to be some differences here, so if there are it’s time to be realistic and compromise because surprises are best handled early rather than at crunch time. Another list – one to divide the workload – also is a good idea because it avoids duplication and fosters teamwork. One of you could preview new listings while the other checks on financing avenues, among the many options.
It’s also important to know that help is available, but before you contact a real estate agent, appraiser or lender, get things settled in-house before you start looking for a new house. When you decide on an agent to work with, everyone needs to be on the same page to make the transaction as smooth as possible. How well your expectations are managed impacts your stress level, so it’s important to hire someone you’re comfortable with and has your best interests at heart. An agent will want to interview you about your finances and needs, so it only makes sense that you do the same with them regarding references and the manner in which they work.
There has been a lot of negative news the past few years about the housing industry, which undoubtedly adds to the stress level, but reports from numerous tracking agencies – including a grassroots market condition report from HouseHunt – show things slowly starting to improve. And that makes it all the more important to be up to date on trends and pricing, which again is where a trusted agent comes into play.
There likely will be bumps in the road, so be prepared. And the language of the real estate world can be confusing, so don’t be afraid to ask questions. Being informed and staying in the loop can reduce your stress level because you won’t be caught off guard if and when things pop up. Education is always a good thing, no matter where it’s applied.
When it comes time to make an offer, know that the issues of price, home repairs and an unexpected appraisal might arise, and that even when things appear to be inches from the finish line something could arise to delay or scuttle the deal. Over-preparing and over-compensating for these variables could help and actually lead to a pleasant surprise if your worst-case scenario doesn’t come true. Ultimately, the process takes patience and trust. Constantly worrying about what’s around the next corner only adds to your stress level. If you and your spouse stay focused on the goal of owning a home or moving into a new one the process should work and – if you’re totally prepared – be as free of stress as possible.