Emotional Stages

Emotional Stages

http://blog.gohomeside.com/blog/the-5-emotional-stages-of-buying-a-house

Last week we discussed the emotional mistakes that can be made when buying a home.  This week we are going to discuss the emotional stages that one goes through in the home buying process.  

As I stated in last week’s blog, we do nothing without an emotion attached to it.  This is especially true when making one of the biggest and most important purchases a person will quiet possibly ever make.  

So let’s jump right in and get started.  Here is a list of just 5 stages that are associated with the purchase of a home. 

Don’t let the list overwhelm you – you have a licensed Realtor on your side!  Just pick up the phone and give us a call – Mick and Jane Goebel are trusted and experienced agents and they are ready to help you today! 

“This is a transaction like any other so prepare yourself for a roller coaster ride.”

(see source above)

Frustration

1. Not Pre-Qualified
2. Not many options in your price range
3. Limited resources
4. Millennial
5. First-time home buyer

Nervousness 

1.  Deciding on the best offer price
2. Making an offer
3. Multiple offers

Disappointment 

1. Seller could reject your offer
2. Home doesn’t pass inspection – which leads to a completely different situation altogether!

Stress

1. Home inspection
2. Home appraisal

Relief, happy and fear

1. The closing
2. The time commitment
3. The finances

 

 

Emotional Mistakes

Emotional Mistakes

Don’t be fooled – we do nothing in this life without an emotion (or two, or three…) attached to it.   That goes for homebuying (and selling) too.  It’s understandable, after all, since buying a home is one of, if not, THE biggest purchases a person makes in their lifetime.  There’s bound to be lots of emotions attached to such a huge decision.  But what we, as realtor’s, don’t want to see happen is a HUGE EMOTIONAL mistake.  Here is a list of 5 of the most common emotional mistakes associated with buying a new home.

It’s situations like these that necessitate a need to have someone in your corner who can help you through the cloudy waters of the home purchase process and help you make sure you are making a smart investment, not an emotionally driven purchase. 

We’re here to help!  Give us a Call Today! 

Mick and Jane Goebel, The Goebel Team

Murphy, NC – Your Experienced Real Estate Professionals

Click on the link below to read the entire article and be sure and watch for next week’s blog where we will discuss the emotional stages of homebuying.  

Mistake No. 1: Always looking for a better deal

Markets are always fluctuating so don’t get so caught up in finding a better deal.  Just be smart, do your homework, know the value of the area and the home you are buying, and be sure it meets your family's needs. 

Mistake No. 2: Falling in love at first sight

Infatuated buyers who leap at a property tend to overlook the value of the process itself.

Mistake No. 3: Overpaying for perfection

On the remote chance that a buyer does find perfection, the emotional attachment will sometimes become so high that the buyer will overpay or overextend themselves financially.

Mistake No. 4: Equating 'short sale' with 'deal'

A good deal is a matter of the property's historic price, current market conditions and the home's features, as well as the buyer's own needs.

Mistake No. 5: Lowballing instead of negotiating realistically

Buyers can come in with unrealistic expectations about what a property should go for, says Hamersley, adding: It's best for a buyer to make a realistic bid not too far off from where he or she would ultimately like to end up.

Read more: http://www.bankrate.com/finance/real-estate/emotional-mistakes-made-by-homebuyers-1.aspx#ixzz4ZEGw8wSt

How's Your Credit Score?

How’s Your Credit Score?

Is that a little too personal?  Then you might want to reconsider purchasing a home.  Loan officers, bankers, potential sellers and yes, even the Realtor can ask some personal questions when you begin the home buying process.  But take heart, it is a necessary part of the process.  And there’s plenty of help along the way.  

So where do you begin?  

In this week’s blog, we are going to look at a very important first step – Your Credit Score!  

   

First, you need to know what your credit score is.   You can find out in several ways.  There are three major credit bureaus in the United States:

TransUnion, Equifax, and Experian.  Here’s a link that explains how to get your credit score:  http://www.wikihow.com/Check-Your-Credit-Score

 

Next, you need to either raise your credit score or clean it up.  Here are 11 ways to do that and here’s the link to read the full article: http://www.forbes.com/sites/moneybuilder/2014/05/02/11-ways-to-raise-your-credit-score-fast/#4fe571ee1716

 

• Dispute errors
• Negotiate
• Check your limits
• Get a credit card
• Become an authorized user
• Under-use your cards
• Raise your credit limit
• Don’t close any cards
• Mix it up
• Pay your bills on time
• Pay your bills twice a month

And finally, know the minimum credit score you need and for what kind of loan.  There are different types of home loans and different types of lenders.  Do your homework and research the kinds of products offered by the various lending institutions as well as calculate your affordability.  Here’s a great website with lots of information to help you make an informed decision:  https://smartasset.com/mortgage/what-credit-score-is-needed-to-buy-a-house

 

Wow!  That’s a lot of information AND a lot of work!  Think you might need or want some help with that?  I know I would…. here’s an idea!  Why not contact a REALTOR to help you through the sometimes confusing and murky waters of real estate, home loans, credit scores and home ownership?  And I have just the folks to help you!  Mick and Jane Goebel of The Goebel Team in Murphy, NC can answer your questions, point you in the right direction and guide you to that Perfect Home!