Are brokers better than banks? In this post, we discuss the unique benefits brokers offer clients looking for a mortgage.
It is important to reduce stress during the home buying process. Going through the home buying process can be a very personal experience. There will be many highs, like when you find the perfect home, and many lows, like if the home inspection goes wrong. Going through the highs and lows can allow for your emotions to get a little out of wack and the process very emotional. Luckily there are many ways to cope with the stress of buying a home.
Sit, close your eyes, and envision what you want. Literally. When going into the home buying process, it’s very beneficial to have an idea of what you want in a house. If you aren’t specific and don’t really know what you want, you’re going to waste more time looking at houses. The more specific you are, the better idea you have of what you actually want and what you’re willing to make sacrifices on. When envisioning, creating a list of things you want will help make those visions a reality.
Create a list of:
- How many bathrooms and bedrooms you want?
- How many floors?
- How far away from work/ What neighborhood?
- What type of house/ floor plan?
- How big or square footage?
Not only will this help you have an idea of what you want for a house, but it will also give your real estate agent a good idea of what you want. They will take the information and help find the perfect match for you and your family. Speak that house into existence!!
Willing to make sacrifices
Making sacrifices goes hand in hand with envisioning. Like we mentioned before, envisioning your house helps you have a solid idea of what you really want in a house. It also helps give you an idea of what you’re willing to sacrifice. It’s very rare to find your “dream house” that satisfies all your wants and needs. More often than not, you will have to make a few sacrifices. Be realistic with your budget and flexible with your house requirements. Prioritize what you want on a home and things that you’re able to live without.
Finances in check
One of the biggest stressors in buying a home is your finances. When starting the process of buying a home, it’s never a bad idea to get a pre-approved mortgage. A mortgage pre-approval shows sellers that you have your finances in order and can give you an advantage over other offers. This reduces the risk of a lender finding red flags in your debt to income ratio or credit report, which could delay the closing of a sale. A seller is more likely to accept an offer from a buyer with a pre-approved mortgage since there’s less of a chance of delay.
When in doubt, stretch it out
In all seriousness, it’s good to take a mental break during the homebuying process. Take some time to roll out your yoga mat, have a glass of wine, or do some deep breathing exercises. Still making time for yourself will literally be a lifesaver during the whole process of buying a home. If other stress busters work better for you; apply them! Sometimes when we’re stressed it can be easy to wallow in it, but in the long run, it’s always better to practice self-care and do the things that help us feel better.
When working out or transitioning to a different move in yoga, it’s better to slow everything down. So, remember to slow everything down and breathing throughout the whole process. Additionally, a mortgage broker is a fantastic tool to have when buying a home. They will help reduce the amount of stress when applying for a mortgage and save you valuable time. When you’re feeling a little stressed out, come visit us at Clinton Wilkins Mortgage Team. You can also get in touch with us here.