We’ve all been there – New Year resolutions go unaccomplished as the year treks on, just as we keep promising ourselves we’re going to do them. If you’re looking for 3 easy resolutions to help jumpstart your home search, we’ve got the ultimate list for you. And 2015 is already looking auspicious for buying, as interest rates have remained low and inventory has risen. Now is the time to get what you want in your next home.
1. Absorb Information. Balance Emotions.
Buying a home isn’t like shopping for a new computer or smartphone. It requires a huge, financial commitment that takes a lot of planning (i.e. budgeting). But not everyone accounts for the rollercoaster of emotions you’ll face in your next home hunt. It’s easy to get caught up in the “designer kitchen,” where you picture your family eating meals every night – though, financially, it might not be in your budget.
Your first resolution should be to balance emotions along with information intake. Have a list of what you need and a list for wants. Make sure your home fulfills your needs, and if you have budget for it, find a home that satisfies some wants.
2. Hire an Ally: Real Estate Agent
Because information is readily available, buyers often spend most of their time shopping for homes online, researching the buying process, and running numbers. They fall into a dream-like state of searching for a new home. However, when it’s time to get serious, it helps to have a pro at hand. A real estate agent is an expert in their local market and can provide invaluable knowledge. In a way, they can be a guiding light, especially if your well-thought out plan doesn’t go through.
3. Abandon the “Bargain-Shopping” Mindset
Like we mentioned before, buying a house isn’t like buying a new computer or smartphone. Waiting for those “Black Friday” deals isn’t in your interest. Not only could you be losing out on potential deals and home opportunities, but you could put yourself under a lot of stress to buy immediately (when you absolutely need to).
By researching the market, you can see the average prices for homes designed for your needs. It’s like going to a car dealership. You know what price range the car you want will cost, but it doesn’t mean you’re going to wait another year to see where prices are. You’re going to head to that dealership and strike the best offer you can. The same applies to real estate. Don’t wait. Go for it and see what awaits.
Keeping Your Resolutions
With these three, easy resolutions, you can frame your mind for the best home buying experience. Know what you want in a home before you start, enlist the help of a local agent, and go into the process with the right mindset. That way, you have the right expectations and won’t be surprised by any mishaps where your dreams don’t collide with reality. For more information on buying a house, contact us.