Buying a home can be one of the most stressful journeys of your life. With all of the doubt, questions, and unknowns, there is much to worry about. Will we have enough money? Is this the right house? Is this the right neighborhood? Are we paying too much? It is easy and common to suffer from house-purchasing anxiety.
The process is filled with lots of ups and downs. According to the Holmes and Rahe Stress Scale, securing a large mortgage ranks as more stressful than experiencing trouble with in-laws or having a child leave home. In essence, buying a home is not fun. From inspection issues to appraisal disputes and negotiation after negotiation, it’s a wonder more people don’t lose their minds. Fortunately, while it’s not enjoyable, it doesn’t have to drive you crazy.
Here are a few tips to keep in mind when embarking on home purchasing adventures:
- Remain flexible. Trying to control every aspect of the process will only add to your frustration. Nothing ever goes as planned.
- Consult multiple lenders. Always get a second opinion. Work hard at finding the best deal for your needs.
- Tone down emotion. Fall in love with a house, but don’t let it guide your decisions.