Are you thinking of buying? have you heard it is stressful? It does not have to be. There are some simple ways to make the experience a good one maybe a little nerve wracking but should not be keep you up at night! Here are some simple tips. There are more but let's start here.
Buyers first make a mental note or written list of three non-negotiables and three "would love, but could live without". For example here in Santa Cruz it might be anywhere Santa Cruz, and three bedrooms and the home must be in fairly decent condition. And three "would love but could live without." Would love to be in the city of Santa Cruz, near a school and a big yard. The idea is to understand what you can live without because in all my buyer consulting conversations I always counsel what can you give up. Santa Cruz is highly desirable area and sometimes to get in our market there are concessions.
Where the stress comes in for a buyer is when they try to get everything, a large house under a certain price range and it has to be updated, cannot be near the freeway or near cell towers, has to have an excellent neighborhood, full garage, room for an office to be added. Because with all these attributes in a certain price range everyone wants this home. This is where the multiple offers come in and then this is where the stress really gets fired up. The competition, the fear of over paying, the worry of buying at the wrong time, the nervous brain has a lot of fun with this!
The other tip is when looking at houses do not fall in love until you get the home under contract you can really like it but do not get too hung up this increases the stress in the multiple offer scenario. This can also make the inspections on the home very scary because you have just fallen in love and cannot bear anything to be wrong.
So to keep the stress low, have your expectations really in line, with the area you are buying in. Don't fall in love till you have a contract and even better do not fall in love till you have an idea the home is the condition that will work for you. And of course call me for more tips!