How To Buy Your First House Without Pulling Your Hair Out Part 1

How To Buy Your First House Without Pulling Your Hair Out Part 1

I turned the key, opened the door and walked inside exactly 4 steps. That's when it started.

The fluttering in my stomach, the accelerated heartbeat, that warm sensation that starts in your stomach and travels up your back and gives you that astonishing feeling that something big is happening.

I knew - right then - this was the one. After all these months of searching this was the home. THE HOME. 

The truth, though? After all of the searching, we FINALLY find the home and thought we were done. Nope. Just getting started. 

You see, we still had to:

Create an offer

Submit an offer

Negotiate the offer

Get the offer accepted (crossing our fingers)

Cut an earnest money check

Schedule (and pay for) an inspection

Review the inspection and prepare an inspection objection report




Ready to pull your hair out yet? Let me tell you how to ACTUALLY get into a home you want - without yanking your hair out and getting sent downtown to be fitted for a straight-jacket.

First, get clear about what is TRULY important to you. I'm serious here, truly important. Getting clear about what you are looking for will allow you to cut out the sheer dullness of looking at boring houses that don't interest you. Part of what is frustrating about house hunting is driving around town day after day, weekend after weekend to look at houses that don't have what you need. Eliminate all of that extra searching and you'll be able to keep more of your hair. 

How do you figure out what you need? Here's some advice; start with your mindset and lifestyle. Start thinking about 10 years from now. Where will you be professionally, who will be living with you, what are you doing for recreation, who's coming for the holidays, what lifestyle will you be living? You see the national average for owning a particular home is 7 years. If you're planning ten years out it also gives you the mindset of growing in the home. Maybe you don't need 3 bedrooms now; but if you plan to add a bundle of joy to the family you'll need the space. Think ahead for this part because it's the most important. 

Second, figure out your price range. I know, I know, everyone says this is the first step. Just hear me out. Understanding what you need will help you determine how much you spend. Find a mortgage professional that you trust and feel comfortable with. Take some time and write down all of the questions you can come up with, even the crazy ones. Here's an industry secret... mortgage pros love getting questions. Don't hold back - seriously - it's a big decision and you're going to want to understand everything. 

Third, while you are getting clear on what you need and supplying your lender with all of the paperwork they ask for; you should be starting the search for a competent real estate agent. Feel free to ask your friends and family for referrals. Studies show that most shoppers find their agent through someone they know. Don't be afraid to shop around - different personalities work better together than others. What's important is someone that you feel you can get along with, trust and depend on because they will be carrying the bulk of the transaction with you.

Check out Part 2 to find out how to navigate the process once you find the home you want. 

Rob Fountain Headshot
Phone: 719-464-9004
Dated: September 20th 2018
Views: 191
About Rob: ...

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