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Do You Have the Correct Home Buyer Mindset to be Buying a Home?
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.
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.
Why? Because nobody else has to be as thorough. 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? Possible changes might have included:
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? Remember:
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
MORE RESOURCES: Real Estate - Google News TEXT: S&P: Nomura Real Estate Residential Fund Bonds Rated 'A' - Reuters
Apple Valley real estate developer rejects offer in San Bernardino County ... - San Bernardino Sun
Asia real-estate bull turns bearish - MarketWatch
Rogue Valley Commercial Real Estate In Upswing - KDRV
Real estate market likely to see an increase in M&A activity - China Daily
Real estate developer says he plans to make cash bid for Philadelphia's 2 ... - Washington Post
Real estate market rebounding - Park Record
Alexandria Real Estate Q4 FFO Rises - Quick Facts - NASDAQ
REAL ESTATE: Refinancing expanding for Fannie/Freddie borrowers - Press-Enterprise
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