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Do You Have the Correct Home Buyer Mindset to be Buying a
Home?
By learning what
you need to know and preparing how to purchase a home ahead of time, you will
be less likely to become so enamored with a particular property that you fall
into the traps and the pitfalls that are so often the result of IDM, or
Irrational Decision Making.
Do not allow your emotions to come before
sound and rational reasoning when making the decision to purchase a home.
Let’s face it; if you’ve been out house hunting, you know the
feeling you get when you finally think you’ve found a house you really
like.
You’re like a kid in a toy store, excited about the
possibilities that this dream house could really be yours.
When you
go to see the home, you’re herded through it like sheep in a predetermined
pattern.
- You’re not encouraged to spend as much time as you
need in any one place.
- You're not able to ask as many questions as
you would like.
- You're not asked if you would like to set up
another time to come back and go through the house again.
The option
to sit down and have a good conversation with the owner is not available to
you.
In other words, you’re expected to make a decision on the
largest single purchase of your life without having many of the facts you
really need.
Of course, you’re likely to get a home inspection
and an appraisal done. But, if you think that’s enough to protect you,
you’ve got another thing coming to you.
After over 21 years
dealing in real estate and its many players, I am here to tell you it simply is
not.
- When it comes down to buying a home, nobody but you is going
to be watching out for your best interest.
- You need to get as much
information as you can before you buy.
- There is no one who can (or
will) be as thorough as you.
Why? Because nobody else has to be as
thorough.
It’s not their home. They’re not going to be
living there.
And, whatever issues you end up having, they can’t
see them from their house!
Ask anyone who has ever purchased a home
this one question:
After you purchased your home, were there things
that you saw, noticed, or realized about the property that had they been seen,
noticed or realized BEFORE making the purchase would have changed the way you
proceeded with the home buying process?
Possible changes might have
included:
- Offering less for the home,
- Making it a
condition of the sale that something be repaired or replaced, or
-
Not having gone through with the purchase at all!
Think about that for
a moment.
What is the probability that you’re going to be able
to keep a level head when the real estate agent is telling you that you need to
act quickly because there are three other showings after you?
And you
"just love" the house...
If you are unprepared, but feeling pressured,
how likely is it that you will make an informed decision quickly when you
haven’t even done any homework on the property?
Remember:
- Don't be pressured into making the mistakes typical homebuyers make.
- Take the time to do your homework and get the information you need
to make a rational buying decision, then
- Step back, take a deep
breathe and really look at what you're about to buy.
Article written by Don Berthiaume
Don Berthiaume gives
you the questions you need to ask as a home buyer. For more details, and for a
free 4-part mini-course in home buying, visit this site now:
www.homebuyerdefenseguide.com/go/go.php/hbs4
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