To make the house-hunt a little less stressful, consider the following tips:
1. Determine what you want upfront, and stick to that criteria.
What are your non-negotiables? What location do you desire? What educational opportunities are important? What do you want your daily commute to be? And what price are you willing to pay? The first step to avoid house hunting drama is to really sit back and think about what is most important to you. This will narrow down your scope so you are not looking at hundreds of homes, just the ones that fit in your criteria. … Looking in an area that’s not going to provide the home type that you want is going to cause frustration.
2. Get preapproved for a mortgage.
Avoid delays once you do find a home by getting your loan preapproved. If there is any issue, it is identified early on in the process and not the moment that you’re trying to submit a contract on the property. Also, you’ll know your numbers and how much to expect on a monthly payment to make sure you are house-shopping within your price range.
Share with your real estate agent the biggest stressors and fears you have in the home-buying process. The more open the client is with their REALTOR, the less drama is going to present itself in the transaction. You have to trust your agent and relate to them as a confidant, as an ally.
4. Don’t linger too long.
Procrastination causes drama. For home buyers on a deadline, it is recommended to begin four to six months ahead of time to start learning more about the market. Plus, with mortgage rates forecasted to move higher this year, buyers who wait too long may find what they can afford lessen. Have the right expectations, or else you’re setting yourself up for frustration.