It would seem that searching for a home would be a joyous occasion. It shows that you have used self-control in your spending, disciplined yourself to save, and have used determination and hard work to get you to the place where you can finally say “I am ready to purchase a home”.
However, the stress of buying a home can take a mental toll if one is unprepared or unfamiliar with the home buying process, leading some to feel stressed out.
Stress of Buying A Home: The Cause
Pick out a home, sign the papers, pick up the keys and walk-in, this is what some people envision the home buying process to be.
However, once they have ventured out into their home buying journey, they quickly discover that the process is not like the process they had imagined.
The search for documents to give to loan lenders, unexpected fees and waiting time, finding a realtor who they can trust and have their best interest in mind, looking at home after home, or even just disagreeing with their spouse or children about the desired house features each one would like to have, can be enough to shoot the stress level up.
The stress of buying a home can start to feel a little overwhelming.
However, the number one problem that really causes the most stress and house hunting depression is when they fall in love with a house that is out of their pricing range.
Finding Your Dream Home
I’m sure you can imagine what the feeling must be to find a house that has every feature you have dreamed of.
The big stylish master bedroom, the huge walk-in closet, and a bathroom to die for. A kitchen with top of the line appliances, plenteous in cabinets and storage space and beautiful granite countertops…enough to take your breath away.
You think to yourself “THIS IS IT, this is the one, this is my house!!” Until you hear the price of the house and your heart sinks.
It’s hard to walk away from a house you have fallen in love with.
You think and think and think…” Is there anything I can do to afford this? However, you have no other choice but to walk away.
And when this happens, it seems like no other house can compare to it.
So, the hunt for a house becomes more difficult and more depressing because your heart is still with the first house. The one that you cannot afford.
Be Prepared to Wait
Days turn into weeks and weeks turn into months and you draw weary searching for a home you can call your own.
You don’t understand because on the house hunter TV shows they seem to find their dream home in a matter of days.
So, you think, “Why is it taking me so long to find the right house?” It feels like you will never find a home that is as perfect as the first one you saw nor a home right for you and your family.
Removing the Stress of Home Buying
This overwhelming feeling triggers house hunting depression. However, there are several things you can do to keep the house buying journey a smooth and joyous one.
Below we have mentioned 9 steps that you can take to help decrease your stress level as you search for your new home.
- Know what you can afford. Accept that and stick with it. Remember, you are going to still have other bills to pay such as light, food, insurance, cell phone, misc. Just because the lender approves you for a certain amount does not mean you should spend that much on a house. Create a budget and include the new estimated house payment in it. If you see that things will be tight, look for a house where your monthly mortgage payment will be a little lower.
- Only look at homes within your pricing range. If you have a realtor who really has your best interest in mind, he will not take you to look at houses you can not afford. You, too, must also resist the urge to look at unaffordable homes on your own.
- Before looking, have a family discussion about the type of home, style, and features that each would like to have and come up with a compromise to avoid a later argument.
- Call your lender to find out exactly what information they need. Then give yourself time to gather everything, so you won’t have to be doing any last-minute searching.
- Prepare yourself. By finding out what the home buying process entails. The more you understand the process, the less stress you will feel.
- Educate yourself. So you will ask the right questions. This is one of the largest investments you will make so you want to be sure you are asking questions. In fact, write your questions down so you do not forget your questions the next time you speak with your real estate agent.
- Take a little time to learn real estate and mortgage loan terminology. This is no time to pretend you know what your real estate agent or lender is talking about. Here you will find some of the most common real estate terminology used by your agent and lender, and what they mean.
- Be open to looking at homes in different areas of the town or city you live in. If you only desire to buy in one particular area, you are limiting yourself and making your search much more difficult.
- Accept the fact that it may take a while to find a home that you truly love. You will eventually find your dream home. However, continue to laugh, smile and spend time with those who you love while you are waiting to find your new home.
Many have experienced the stress of buying a home, but it does not have to be.
Preparing yourself is the key to combating this. By taking out time to do the 9 things mentioned above, you will put yourself ahead of the game. You will also save yourself from a world of stress.
Many others will cry “house buying is so stressful!” but for you, it will be smooth sailing.
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