5 Tips to Reduce Stress When Buying a House

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Take a look at this month's featured article, covering the topic "5 Ways to Reduce Stress When Buying a House." A home is the largest single asset many people will buy and with so many factors to consider, the process of purchasing can be overwhelming. But with every stress, there is an angle to manage it. Please enjoy this edition of our Patterson Group Monthly Newsletter.

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5 Tips to Reduce Stress When Buying a House

By Valencia Higuera | September 14, 2021

Whether you’re a first-time home buyer or have plenty of experience, purchasing a house is just plain stressful. It’s a complicated process involving both strong emotions – it’s a home, after all – and what may be the biggest financial investment of your life. Even if the process appears to be going smoothly, it only takes one mishap to kill the deal. Your financing could fall through at the last minute, another buyer could come in with a higher offer, a home inspection could reveal hidden problems, or the appraisal could come in below the sale price, affecting your mortgage terms. That’s a lot of “coulds.”

No matter how hard you try, some aspects of buying a house are simply beyond your control. However, there are ways you can minimize the stress involved and get through the process with fewer bumps in the road.

1. Know What You Want

A real estate agent can’t read your mind, and if you don’t know what you want, you’re going to spend a lot of time looking at houses that just don’t match your needs. If you’re specific about your requirements and can provide a little direction, though, an agent can be of tremendous help finding the best home for your family.

Things to take into consideration include:


• Number of bedrooms and bathrooms
• One-level or multi-level
• Type of exterior (wood, brick, or vinyl)
• Noise level in the community
• Practicality of the floor plan
• Desired square footage
• Type of housing (condo, townhouse, or single-family home)
• Distance from places of worship
• Distance to shopping and expressways
• Distance to work
• Age of the home
• Amount of maintenance required
• School districts
• Neighborhood


2. Be Flexible

If you have a detailed checklist of exactly what you want in your perfect house, know now that there simply is no such thing as a perfect house – unless you have the money to design and construct one from the ground up. Learn to be flexible. Don’t compromise on major requirements, but understand that it’s unlikely you’re going to find that carbon copy home of the one you’ve imagined.

Prioritize your wants and determine which features you can live without. Let’s say you want a house with a huge master bathroom, a remodeled kitchen, an upstairs laundry room, four bedrooms, an impressive foyer, and a pool. Well, you’re probably not going to find it – but that doesn’t mean you can’t find a house with a majority of the items on your list. Decide what’s most important to you and your family, and be reasonable with your requirements.


Continue reading article at: https://www.moneycrashers.com/tips-reduce-stress-buying-house/

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