It’s been said that buying a home can be more stressful than planning a wedding. Going through the process can be exciting, but it can also be draining in so many ways.
So how can you make it through this time and still keep your relationship intact? The key is to remember that everything is a process, and that includes buying real estate.
There are several steps to the home buying process and you have to follow each of them. They each have their own time table and that requires patience.
Submit All Required Documents
Keep in mind it may not be taking additional time because there is an obstacle to overcome, but simply because the real estate agent is overwhelmed with work. All of this can be managed by staying in contact with them. Make sure you’re not missing or forgetting anything that is necessary for approvals to be received.
Offers for Multiple Properties
Another stress reliever is to plan ahead for rejection. Don’t get your heart settled on just one location. Keep three or four in mind when you’re putting offers in and see which one bites. That will help you stay flexible and remember that sellers can choose the offer they most prefer. If you’re proceeding in hope but realizing it may not happen, your disappointment level will be lower.
Red Tape and Processing Time
Remember there is time for the bank to look things over as well. They need to approve the offer, the loan interest rate and finally get their documentation in order. All of this does not happen in two or three days. If you mentally prepare yourself for setbacks, slow processing times and potential rejected offers, you’ll keep your sanity until you finally do get the keys to a new home.
Enjoying Your New Home
Of course, while this is a stressful time, it can also be an exciting new beginning! There’s nothing quite like having your own space to decorate and settle into as you wish. It’s also an investment as you can profit financially from having a home in your name. By keeping these few tips in mind, you’ll not only survive, but thrive, during your first home purchase. Here’s to walking over the threshold of your own piece of real estate!
This is filed under Home Buying.