Buying a home must be up there with public speaking and the remake of The Exorcist for frightful experiences, but many of us will buy a home, speak publicly and watch that movie again and again in our lifetimes.
By giving you a few of the “behind-the-scenes” secrets, we hope to help you deal with the 3 things that scare you most about buying a home.
1. The Cost
The greatest fear that people have about buying a home is being able to afford it.
This is what keeps us awake at night – calculating and recalculating how many lunches we have to pack instead of going out with the gang, to be able to make the mortgage payment.
🔑 The Secret:
Work with a great lender and get pre-approved BEFORE you start looking at homes.
A lender will give you a realistic projection of what you can REALLY afford considering your budget and lifestyle.
2. The Commitment
Women like to stereotype men as having a fear of commitment – but when it comes to buying a home, we’re all susceptible.
Buying a home usually means committing money and time (at least a year – usually more like 5 years) to being in one spot.
If you’re just finishing a degree or training, or you’re not sure that you’ll be in the same position for a while, you may consider waiting until your life is a little more stable.
🔑 The Secret:
Buy a home that will re-sell easily—one that has features other people want.
Also, look into a two-step mortgage that allows you to pay a fixed rate for a time, then switches to a flexible rate, allowing you to exit the loan easily.
3. The People
Who can you trust in this home buying process? This is a big investment we’re talking about. And it seems that everyone is out to make as much money as possible OFF of you!
It’s easy to be afraid that they will take you to the cleaners.
There are sellers, real estate consultants, lenders, builders, movers, and attorneys, all of whom may be strangers, and have a vested interest when you buy a home.
🔑 The Secret:
Check their references. Many top consultants operate on a “by referral only” basis.
Those who offer long-term services are striving to meet your needs, not just make a quick buck.
In reality, they are NOT all out to get you – because in the long run, the BEST business strategy is to make sure that you get what you need and want in a home.
Summary: Overcoming the 3 Fears
- ✅ Fear of Cost: Be realistic and get pre-approved early.
- ✅ Fear of Commitment: Buy a home with high resale potential.
- ✅ Fear of People: Work with professionals who rely on referrals.
Knowledge is the best way to combat fear. Use these secrets to navigate the market with confidence.
Want early access to serious buyers?
If you’re going to be moving in the next six months, what you might not realize is that there are a significant number of buyers searching for homes like yours.
In fact, for every buyer actively viewing homes right now, there are 5-10 more about to begin their search, or eagerly waiting for the perfect property to come up.
If you’re interested in getting a head start on finding a buyer for your home, leave us some details below… We’ll see if we can find a match!
Want to know what your home is worth?
Before you put your house on the market, you need to find out how much it’s worth in today’s market, so you can make your plans based on the most current information available.
We can prepare a detailed Pin-Point Price Analysis for you that shows the most current market activity in your area for homes like yours, and we can recommend an optimal marketing price range that will give you the best odds of selling quickly – and for top dollar!