Charles Burt Realtors Blog

How to Reduce the Stress of Home Buying

October 23rd, 2015 2:57 PM by

  Basic tips to help you reduce the stress of buying a home!
1) Get Pre-Approved for a home mortgage!  There is a world of difference between a home buyer being pre-approved versus pre-qualified!  Being pre-approved means you have provided a mortgage lender your financial documentation.  Anyone can get pre-qualified for a loan.  However, being pre-approved allows the lender to determine exactly how much home you can afford to purchase based on actual financial documentation. This step really helps reduce the stress when starting your home search.  Nobody wants to start looking at homes, find one you really like only to discover it is out of your affordable price range.
2)Think long term when purchasing a home!  You might be planning to live in your home only a few years.  Another possibility is being transferred, needing a larger home, or later in life wanting to downsize.  Even though you might not have kids, if you want to resale your home schools are very important to potential buyers with children. 
3).  Unless you have purchased several homes, most potential buyers really benefit by using a professional Realtor.  A Realtor will assist you from searching for a home through the complete buying process. 
4). One basic fact in buying a home BIGGER IS NOT ALWAYS BETTER!  There is an old saying in real estate, Don't Buy The Biggest Home on the block.  (Remember tip number 2 think long term when buying a home)  Your home normally only increases in value as much as the value of other houses in your immediate area.  Remember unless the potential buyer is paying cash, a lender will require an appraisal for the home you are buying.
 In the next blog we will discuss additional stress relievers when buying a home.
Posted by on October 23rd, 2015 2:57 PM

Thanks for the tips! Thinking about the long term is one of the things I stress to all my friends. It's easy to get caught up in the process of buying a home and not make a smart decision.
Posted by Leighton Wells on May 3rd, 2016 12:12 PM

It’s a nice and useful piece of info. I like the way you have shared this helpful information with us. Please stay as up to date like this. Thank you for sharing.
Posted by LovisaKarlsson on June 30th, 2016 8:12 AM

I am very much impressed with your article But, I want to know that if you can suggest few tips for newbies?
Posted by Scott Adlhoch on March 28th, 2017 11:44 PM

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