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Six Ways To Beat The Stress Of Buying A Home
DEATH, DIVORCE & MOVING are the three most stressful experiences in life.
There are two very different kinds of needs that people have while moving.
First there are the transactional needs, like finding the home that is just right for you,
finding a seller who is realistic, negotiating the price, filling out the paperwork,
handling the escrow, and arranging for the move.
But there are also emotional needs that are involved when moving, and this is where the
biggest stress comes in. Any competent agent will handle the transactional needs for you,
but if your emotional needs are unfulfilled, you’ll be frustrated and may not act in
your own best interests. The ideal real estate agent is one, who is competent with
paperwork and numbers, but can also guide, direct, and counsel you through the emotional
ups and downs of moving. Here are the six best ways we’ve found to beat the stress.
1. Begin with the end in mind.
Have an ultimate scenario of where you’re trying to be. What will life be like when
you get there? How will it be better than where you are now? Dwell on that picture and
write it out, fill up at least a page about how it feels in the new place. This is
imperative. Having the goal in front of you at all times energizes you to achieve it, in
spite of setbacks and frustrations.
Emotions will run high and you need an anchor. In childbirth, the Lamaze method teaches
you to focus on one spot when enduring labor pains. In the Bible it says that Jesus
willingly went to the cross by focusing on the joy He would have when it was over. In the
same way, you too must focus on that future goal when anxiety threatens to get the better
of you.
2. Be flexible.
In your monetary calculations, overestimate by a thousand dollars. In this market,
anything can happen between contract acceptance and closing. It could be the inspections
reveal areas of concern that the seller is unwilling to fix or the repair costs are higher
than the amount limited in the contract. Or the interest rate changes which affects the
necessary down payment and closing costs you will need to come up with. As your real
estate team, we will strive to tie up loose ends as quickly as possible, but remember
there is no perfect world.
Most buyers feel a bit overwhelmed when taking on a new mortgage and the responsibilities
of a new home and we’ve seen many buyers get angry when it seems like the cost just
keeps going up. Anger is caused when reality doesn’t match up with the expectations
you had in your mind. So if you anticipate this happening in advance, you won’t get
angry. In fact, it’ll probably go better than you expected.
3. Trust in the process.
There’s just so much to do, it’s easy to panic. You wonder if it will ever work
out. In fact, when we bought our house, we couldn’t eat for a day, we felt sick to
our stomachs! You think you’re taking a big chance, but the truth is you’re
giving yourself a big chance. Even though you can’t see every step of the way, as you
move towards your goals, the way opens up. We know that you haven’t moved in a long
time and it’s a major upheaval in your life. But we’ve been there many times
before, and we’ll be looking out for you. Trust that we know the way to get you
there.
4. Get knowledge.
One thing you’ll probably feel during this transition time is being out of control.
It feels like everyone else has taken over your life. The seller, your lender, the
appraiser, the inspectors, they all have the power to say yes or no to your moving plans.
We’ll try our best to let you know ahead of time what your expenses will be, and what
the unknowns are. We’ll tie down the loose ends as soon as possible. We’ll try
to get your loan approved within a reasonable time frame. We’ll educate you as best
we can and let you in "behind the scenes" so you won’t ever feel stupid or
out of control.
5. What is your option?
When things don’t go as smoothly as you had hoped, don’t let emotions take over.
Always ask yourself "What is my option?" because there are always options.
Let’s pretend the lender takes longer than agreed upon to get your loan. He keeps
asking you for more and more documentation until if feels like he also needs to know how
many gold fillings you have in your mouth! You’ll feel upset because you wanted to
feel certain about the move and now you still have to live with the uncertainty. You want
to say "Forget it, I’m fed up with this!" But what is your option? Find a
new lender and start the process over again? That may take weeks, plus you will have to
provide all the paperwork over again. If the lender is trying his best, it may be better
to give him a few more days. Each case is unique, but when setbacks occur we’ve found
that asking yourself this question helps to defuse the situation and restore clear headed
thinking.
6. Seek entertainment.
When there’s nothing you can do about the situation, take your mind off of it
altogether. Maybe you expected loan approval on Friday, but now it won’t come until
Monday. You hate being in limbo and feeling powerless. So do something else entirely,
maybe something where you aren’t powerless. Take a hike, play tennis, get out of town
for the day. Watch a movie, pray, or pour yourself into your work. Whatever diversion
works best for you, now would be a good time to engage in it. Just forget the situation
and refuse to listen to those irritating thoughts when they come into your head. Think
about something else instead and just take it one day at a time.
To keep stress to a minimum, here’s how I’ll serve you when you work with me in
buying your new home:
Give my best-reasoned expert counsel and advice with your best interests in mind. Clarify
your goals and motivation, and decide if moving is the wisest choice at this time. Provide
recommendations and information to help your kids through all the changes.
Negotiate effectively for you to get the lowest possible price for your new home. Treat
your money like it was my own, shaving every expense possible. Protect your interests
during escrow, keeping a detailed record of the transaction.
Be your levelheaded sounding board or relief valve when the stress is overwhelming.
Counsel you through the feelings of "buyer’s remorse". Alert you ahead of
time to every possibility so you feel more in control.
Contact you almost daily during the last 10 days of the transaction to serve your needs.
Provide guidance and help with movers, change of address, utilities shut off, cleaning,
etc.
Continuing to give you information of value after the transaction... for life.
*Article by Dennis Smith, visit www.SanDiegoHomes4u.com for more original content like
this. Reprint (or reprint with your modifications) permitted if this footer is included.
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