Everybody Has a First Time – Buying a Home

There is no magic formula or secret plan when it comes to buying a home for the first time. Much of the mystery surrounding the process comes from the fact that you are dealing with a ton of information being thrown at you in a short period of time. However, following a few simple tips can alleviate some of the stress.

TIP 1: Real Estate Agent selection.

It is important to remember that your real estate agent is not doing you a favor; he is only helping you because he wants to make money. It is easy to begin forming a bond with your agent, especially when you are spending a great deal of time with them on a daily basis. However, never forget that he works for you; do not let yourself be guilted or bullied into doing something you do not want to do.

TIP 2: Price Range.

This tip goes with the first one nicely, because once you start the process, you are going to find your real estate agent slowly slipping more expensive houses into the list of homes that he wants you to look at. Once you identify how much you can afford for a house, do not let someone else nudge you off of that figure. The current market is full of foreclosed homes whose previous owners thought they could "swing" something outside of their price range.

TIP 3: Nirvana Complex.

This is what happens when you keep comparing the houses you are looking at to some magical idea in your own head, and not what is actually out there. The "dream" house does not exist anymore then a "dream" job or "dream" spouse. Nothing in life is exactly perfect. Find the best house out of your available options, not out of your imagination.

TIP 4: Patience.

People are going to keep asking you if you found a house yet. Your real estate agent is going to get frustrated. Do not listen to any of them. You look at as many houses as you need to be satisfied before you make a decision. Do not allow peer pressure or social expectations rush you through this decision.