3 Things That Scare You Most

Breath, Relax, Succeed. 

Buying a home must be right up there with public speaking and the remake of The Exorcist for frightening experiences, but many of us will buy a home, speak publicly, and watch horror movies 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.

 

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 in order to make the mortgage payment.

The secret to dealing with this fear is working with a great mortgage consultant to get a full mortgage pre-approval (almost like having a "credit card" to buy a home) BEFORE you start looking at homes and being realistic about what you are willing and able to spend.

The lender will give you a range of loan options that are available and should give you a realistic projection of what you can REALLY afford considering your budget and lifestyle.

 

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 place.

If you're just finishing a degree or training, or you're not sure that you'll be in the same employment situation for a while, you may consider waiting until your life is a little more stable.

The behind-the-scenes secret to dealing with the fear of commitment is in buying a home that will resell easily that has features that other people will want. In addition, you can get a mortgage that allows you to "port" it over to another home or allows another buyer to assume it with qualification.

 

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 FROM you!  There are sellers, realtors, lenders, builders, movers, and attorneys, all of whom may be strangers, and have a vested interest when you buy a home. It's easy to be afraid that they will take you to the cleaners.

The secret is to check their references.  Some lenders and real estate consultants operate on a "By referral only" basis meaning that they ask clients to refer them to others they know are buying a home. Those who offer "lifetime relationships" and other services (like Free Reports and seminars on buying or selling homes) are already striving to meet your needs.