6-ways-to-beat-the-stress-of-buying-a-home
DEATH, DIVORCE AND MOVING are the three most stressful experiences
in life. There are two very different kinds of needs that people have
while moving no matter what the reason is for moving.
First there are the transactional needs, like finding
the home that is just right for you, finding a seller who is
realistic, negotiating the price, filling out the paperwork, handling
the exchange, and arranging for the move.
But there are also emotional
needs that are involved when moving, and this is where the biggest
stress comes in. Any competent agent will handle the sale
needs for you, but if your emotional needs are unfulfilled, you'll be
frustrated and may not act in your own best interests.
The ideal real estate agent is one who is competent with paperwork
and numbers, but can also guide, direct, and counsel you through the
emotional ups and downs of moving.
Here are the six best ways we've found to beat the
stress.
1. Begin with the end in mind.
Have an ultimate scenario of where you're trying to go.
What will life be like when you get there? How
will it be better than where you are now? Dwell on that picture and
write it out, fill up at least a page about how it feels in the new
place. This is imperative. Having your goal in front of you at all
times energizes you to achieve it, in spite of setbacks and
frustrations. Emotions will run high and you will need an anchor. In
childbirth, the Lamaze method teaches you to focus on one spot when
enduring labour pains. In the same way, you too must focus on that
future goal when anxiety threatens to get the better of you.
2. Be flexible.
In your financial calculations, over-estimate by at least one
thousand dollars. In this market, anything can happen between
acceptance and exchange. It could be the inspections reveal areas of
concern that the seller is unwilling to fix or the repair costs are
higher than the amount limited in the contract. Or the interest rate
changes. You should strive to tie up loose ends as quickly as possible,
but remember there is no perfect world. Most buyers feel a bit overwhelmed
when taking on a new mortgage and the responsibilities of a new home and
we've seen many buyers get angry when it seems like the cost just keeps going up.
Anger is caused when reality doesn't match up with the expectations
you had in your mind. So if you anticipate this happening in advance,
you won't get angry. In fact, it'll probably go better than you
expected.
3. Trust in the process.
There's just so much to do, it's easy to panic.
You wonder if it will ever work out.
In fact, when we bought our house, we couldn't eat for a day,
we felt sick to our stomachs!
You think you're taking a big chance, but the truth is you're giving
yourself a big chance. Even though you can't see every step of the
way, as you move towards your goals, the way opens up.
You haven't moved in a long time and it's a major upheaval in your
life.
4. Get knowledge.
One thing you'll probably feel during this
transition time is being out of control. It feels like everyone else
has taken over your life. The seller, your lender, the appraiser, the
inspectors, they all have the power to say yes or no to your moving
plans. Try to work out ahead of time what your
expenses will be, and what the unknowns are. Tie down the loose
ends as soon as possible. Try to get your loan approved within
a reasonable time frame.
5. What is your option?
When things don't go as smoothly as you had
hoped, don't let emotions take over. Always ask yourself "What is my
option?" because there are always options. Let's pretend the lender
takes longer than agreed upon to get your loan. He keeps asking you
for more and more documentation until if feels like he also needs to
know how many gold fillings you have in your mouth! You'll feel upset
because you wanted to feel certain about the move and now you still
have to live with the uncertainty. You want to say "Forget it, I'm fed
up with this!" But what is your option? Find a new lender and start
the process over again? That may take weeks, plus you will have to
provide all the paperwork over again. If the lender is trying his
best, it may be better to give him a few more days. Each case is
unique, but when setbacks occur we've found that asking yourself this
question helps to defuse the situation and restore clear headed
thinking.
6. Seek entertainment.
When there's nothing you can do about the
situation, take your mind off of it altogether. Maybe you expected
loan approval on Friday, but now it won't come until Monday. You hate
being in limbo and feeling powerless. So do something else entirely,
maybe something where you aren't powerless. Take a hike, play tennis,
get out of town for the day. Watch a movie or pour yourself into your
work. Whatever diversion works best for you, now would be a good time
to engage in it. Just forget the situation and refuse to listen to
those irritating thoughts when they come into your head. Think about
something else instead and just take it one day at a time. To keep
stress to a minimum, here's how to work in buying your new home:
Get expert counsel and advice with your best interests in mind.
Clarify your goals and motivation, and decide if moving is the wisest choice
at this time. Get recommendations and information to help your kids through all
the changes. Negotiate effectively to get the lowest possible
price for your new home.. Protect your interests during exchange, keeping
a detailed record of the transaction. Have someone as a levelheaded sounding
board or relief valve when the stress is overwhelming. Be aware
through the feelings of "buyer's remorse". Keep a list for things like movers,
change of address, utilities disconnection, cleaning etc. The more organised
you are the better things will work and and a happy experience will prevail.

