The process of buying a home is one of the most emotional journeys you’ll ever take. Other big purchases such as a new car or a wedding and honeymoon can also wreak havoc on your emotions – but none is likely to surpass the roller coaster of emotions that will rise and fall when you purchase a home. You may experience different emotions if you’re purchasing your first home, but even if you’ve gone through the process before, each time is different and you’ll react in different ways.
The roller coaster of emotions when buying a home can run the gamut of incomparable highs and lows that make you question your decision! If you’ve carefully researched the real estate market such as the most recent comparable sales in the area you want to buy and know the features you “must-have” — as well as those you’ll compromise on – you’re probably ready to jump on the home-buying train.
An experienced Realtor can help you work through emotions that may lead you astray and guide you to the perfect home. Excitement is likely the first emotion you’ll feel when you’ve made the decision to purchase a home, and for good reason. It’s a big deal and an exciting time!
Searching for homes online is a good way to assess what’s out there and the prices you’ll face within certain areas. After the excitement of anticipating homeownership, your excitement may turn to outright fear when you first realize how much debt is involved in homeownership. You may feel overwhelmed at all the information you have to digest and all the real estate buzz words you need to know – especially if you’re a first-time homebuyer. You’ll likely see many properties before finding one you’ll even consider. When you enter the home search you’ll probably have a good idea about what you want. But, visiting multiple properties can be confusing and you may lose sight of the priorities you set for yourself. You may change your priorities as you proceed. Your Realtor will be able to guide you to homes that truly fit your needs and your price range and take what he or she says into consideration – especially if she knows your priorities ahead of time
Stress is another emotion that’s typical of home buyers. The anticipation of purchasing a home can be much greater than the reality when you come face to face with everything involved. Don’t come to a decision based on stress, feeling overwhelmed, or just wanting to get it over with. You may overpay for a home just because your emotions get the best of you and you get overly attached to a certain home. There’s always another house that will make you happy and meet your needs. If I’ve learned anything at all in this job, it’s that the right house ALWAYS comes!
Perhaps the most stressful part of buying a home is dealing with the emotions you’ll experience once you’ve put in your offer and are waiting to see if you’re successful in getting it under contract. Don’t be too hard on yourself if you occasionally let home-buying emotions get the best of you. It’s often the largest purchase you’ll ever make and your Realtor should be trusted to lead you to the best deal possible – and one that you’ll feel a great deal of satisfaction about.