Do You Have the Correct Home Buyer Mindset to be Buying a Home?
Tip! Now, when you have considered the limitations of what you could actually afford, the next step to do in your list of what look when buying home would be location. The property you are about to buy should be in a place that’s just �a stone’s throw away,� so to speak, for the sake of convenience.
By learning what you need to know and preparing how to purchase a home ahead of time, you will be less likely to become so enamored with a particular property that you fall into the traps and the pitfalls that are so often the result of IDM, or Irrational Decision Making.
Do not allow your emotions to come before sound and rational reasoning when making the decision to purchase a home.
Let’s face it; if you’ve been out house hunting, you know the feeling you get when you finally think you’ve found a house you really like.
You’re like a kid in a toy store, excited about the possibilities that this dream house could really be yours.
When you go to see the home, you’re herded through it like sheep in a predetermined pattern.
Tip! What I do see is consumers buying homes that take a large part of their monthly income. This leaves little room in their finances for emergency’s, furniture, vacations, investing, etc.
- You’re not encouraged to spend as much time as you need in any one place.
- You’re not able to ask as many questions as you would like.
- You’re not asked if you would like to set up another time to come back and go through the house again.
The option to sit down and have a good conversation with the owner is not available to you.
In other words, you’re expected to make a decision on the largest single purchase of your life without having many of the facts you really need.
Of course, you’re likely to get a home inspection and an appraisal done. But, if you think that’s enough to protect you, you’ve got another thing coming to you.
After over 21 years dealing in real estate and its many players, I am here to tell you it simply is not.
Tip! If you follow these simple, effective guidelines, buying home appliances and fixtures will be a breeze and you will make smart purchases that will last and give you good service for many years.
- When it comes down to buying a home, nobody but you is going to be watching out for your best interest.
- You need to get as much information as you can before you buy.
- There is no one who can (or will) be as thorough as you.
Why? Because nobody else has to be as thorough.
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It’s not their home. They’re not going to be living there.
And, whatever issues you end up having, they can’t see them from their house!
Ask anyone who has ever purchased a home this one question:
After you purchased your home, were there things that you saw, noticed, or realized about the property that had they been seen, noticed or realized BEFORE making the purchase would have changed the way you proceeded with the home buying process?
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Possible changes might have included:
- Offering less for the home,
- Making it a condition of the sale that something be repaired or replaced, or
- Not having gone through with the purchase at all!
Think about that for a moment.
What is the probability that you’re going to be able to keep a level head when the real estate agent is telling you that you need to act quickly because there are three other showings after you?
And you “just love” the house…
If you are unprepared, but feeling pressured, how likely is it that you will make an informed decision quickly when you haven’t even done any homework on the property?
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Remember:
- Don’t be pressured into making the mistakes typical homebuyers make.
- Take the time to do your homework and get the information you need to make a rational buying decision, then
- Step back, take a deep breathe and really look at what you’re about to buy.
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Copyright 2005 Don Berthiaume
Don Berthiaume gives you the questions you need to ask when buying a home. For more details, and for a free 4-part mini-course in home buying, visit this site now: Buying a Home
Tags: HUD HomesRelated posts
Posted by Carlos Sagastume on May 5, 2007. Filed under HUD Homes.
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