Wednesday, November 7, 2012

Common Homebuyer Missteps: Part 2


Misstep #2: Failing to maintain a fine emotional balance throughout the home-buying process

Last week we discussed deciding upon your true price range. This week, we are discussing that emotional line we all walk as home buyers. We want “our” place to sweep us off our feet and be 100% perfect. Sometimes, this may indeed happen; however, oftentimes we are confronted with the reality that our perfect home isn’t out there yet. Those homes which do seem perfect are typically thought of as perfect by other buyers as well, and you may find yourself in a multiple offer scenario. Conversely, there are many flawed homes that could become your perfect home. You don’t want to discount these homes, but you still want to look at homes that seem to be perfect. A good rule of thumb is to visualize homes through the lens of what it could be once you’ve added your personality into the mix. This applies no matter what state the home is in when you visit. If you can see the potential of a flawed home and can be excited about that potential, then that flawed home might very well be the home to sweep you off your feet. Ultimately, you don’t want to make an offer on a home you aren’t excited about- either as it is or as you envision it to be. Also, don’t get too excited until after you have the home inspection and the appraisal report, as these two documents can make or break the purchase of a home. Next week we will discuss the importance of trusting the agent you have chosen for your home search.

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