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When you get a raise or accumulate some savings, you may find yourself confronted by an innate instinct of modern civilized men and women: the desire to spend money.
It begins simply, by going out to restaurants, then accelerates to purchasing clothing, electronic gadgets, and since North Americans have a special fondness for the automobile, you may even buy a "brand new car"....
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New to the area.
Uncertain job future.
Marital problems....
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Supply and demand.
Market timing is difficult.
Why you should not wait....
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A house is something you buy logically. A home is an emotional purchase. When buying real estate you have to balance your emotional wants and your logical needs because there will almost certainly be a time when the two conflict....
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Finding your realtor by "accident".
Listing agents and selling agents....
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If you are thinking of buying your first home, you should take out a pen and paper right now and draw a line down the center of the paper. Calmly and logically, think of all possible advantages to buying a home and write them down on one side of the page. Afterwards, you should list all the disadvantages on the other side of the line....
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"Location, Location, Location"...
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Buying a home with a view.
Lot and landscaping.
House size and rooms....
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How property condition affects your offer.
How home improvements affect your offer price....
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Once you find the home you want to buy, the next step is to write an offer – which is not as easy as it sounds. Your offer is the first step toward negotiating a sales contract with the seller. Since this is just the beginning of negotiations, you should put yourself in the seller’s shoes and imagine his or her reaction to everything you include. Your goal is to get what you want, and imagining the seller’s reactions will help you attain that goal....
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Disclosures, conditions, and inspections....
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Down payment, interest rate, financing, and other details....
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Non-allowable fees.
VA and FHA appraisals....
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You and the seller must agree.
Escros and settlement.
Title insurance company.
Termite and pest inspection....
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Did you make the right decision? Can you afford it? Is it the right time? Should you have waited? What if you lose your job? What if this happens? What if that happens? Anxiety and stress set in. Sleep may be hours in coming.
This is a normal reaction to buying a home. It is called "buyers remorse"....
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