Following your instincts not your emotions is the fourth segment of our House Buying Tips series:
When buying a house, don’t be too hasty to sign the papers–even if it seems like the perfect house. Many people get so focused on planning their lives in a potential new home that they may not look at other factors that could reveal some undesirable qualities in a new house. Do your homework first! Knowing how to bid, issues to walk away from, issues to utilize as a bargaining tool, or know if the timing is a factor will make you a well-informed buyer. We have gathered some of the best home-buying tips we’ve seen so you can get the most out of your money! Understanding how to separate your instincts from emotions so that you buy a house for a good value rather than sentiment is our house buying tip #4.
Buying Secret #4: You’re Buying a House – Not Dating It
Buying a house based on emotions is just going to break your heart. If you fall in love with something, you might end up making some pretty bad financial decisions. There’s a big difference between your emotions and your instincts. Going with your instincts means that you recognize that you’re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It’s an investment, so stay calm and be wise.
At Stonebridge we help you get started by reviewing the necessary financials a lender will ask for. We will go over them with you to assess buying options. Our goal is to find you your perfect home or office while steering you away from overextending your finances. Click to learn about our Real Estate Loan Integrity.
SRC: Click to read more house buying tips.