Love the end result, but can’t stand the stress of home buying? This mental health day, we have penned just the article for you that gives 5 easy ways you can overcome all the anxiety associated with the long home buying process.
While buying a house is a beautiful experience that brings incredible joy and a sense of ownership, it can also be a long and stressful experience for some. This is because home hunting and buying involve tons of research, paperwork, and money management that can induce many anxiety-filled days. It is an aspect of home buying that not many speak about, but one that needs attention as much. So, this world mental health day – read ahead as we give you five basic tips to cope with all the stress associated with the home buying process.
Lack of proper communication with your agent or the seller can contribute to a lot of anxiety later down the road. So, it is quite important to convey your requirements well right at the beginning.
Furthermore, don’t shy away from asking questions to the sellers about the paperwork process or any other information you aren’t sure about. Thorough communication will certainly reduce much of the mental stress during the home buying process, as you will have clear facts before you make any important decisions.
Get Your Home Loan Pre-approved
Managing the home loan application process along with searching for your home can get quite hectic for many homebuyers. This is why many often try to apply for a home loan first and get it pre-approved at the beginning. A pre-approval is simply a check by the bank that assesses your ability for a home loan and how much capital it can lend you.
This document not only helps you decide your budget for your new home but also convey your seriousness of buying a home to the seller. Once you have made the offer, the rest of the home loan process goes faster as well. This allows you to focus on one task at a time, thus reducing your worry and anxiety.
Patience Is key
One of the biggest stress points of the home buying process is the waiting period. Waiting for the banks to guarantee the loan, for the seller to respond to your offer, and for the final possession can get tedious quite fast! However, it is also important to remember that home buying is a lengthy process that involves many steps.
While following up with your agent, seller or the bank should be frequently done, one need also be as patient as a meditating monk! Not only does it allow you to make decisions with clarity but also helps to keep the bigger picture in mind, where you know that you will soon enjoy the pleasant comforts of living in your own home.
Normalise Cold Feet
Buying a home is a long time commitment, where a lot of capital and energy is involved. This is why many tend to get cold feet while closing a good deal, which can lead to second-guessing a well-made decision. Suddenly, the magnitude of your investment sets in and anxious questions may enter your head.
This can be anything from “Is the bedroom space too small?” or “Should I have looked for an even better home?” This is the time to remember all the reasons you fell in love with the house and know that these anxious feelings will pass in time.
When it comes to buying a home, it is ideal to have high standards! However, one must also know when there is a need to be flexible and compromise on certain things. Remember that not all properties will possess everything exactly the way you have imagined your dream home to be.
So, it would be advisable to make an offer if you love the property and it ticks most of your non-negotiable criteria. An amenity that is way down in your must-have list can be easily skipped.
At Ashwin Sheth Group, we have listed the above tips to ease some of your home buying stress and anxiety. Last, of all, we urge you to always keep in mind why you fell in love with a property and remember that the long purchase process brings a beautiful gift at the end – your own home!