According to a June 2022 survey by Zillow, 50% of homebuyers cried at least once during the home-buying process. Buying a home can be a stressful overwhelming experience and if you’re mid journey or just starting on your search reducing stress throughout the process will make your new home more enjoyable.
Is owning a home right for you?
Before your home search ensure that buying a home is the right decision for you. Take a look at your finances, calculate your affordability and look at your life timeline throughout the expectancy of your home-purchasing journey.
Getting a wider look will help you be prepared for the journey ahead as well as make stepping through the front door more enjoyable.
Financial Discipline
Owning a home is one of the biggest purchases you might ever make. Ensuring you have financial discipline as well as a steady income, low debt and a good credit score can make that journey a lot smoother.
Your finances are a huge part of securing a mortgage, getting an offer accepted and finally moving into your dream home.
Getting things in order
Payslips, bank statements and written statements are all needed during your mortgage and house search. During your mortgage approval, your lender will ask for bank statements as well as proof of income and any savings to ensure that the transaction is as legitimate as possible.
If you’re self-employed you’ll need to provide tax returns and proof of invoices. Making sure you have access to or prepared these documents will save hours in your home-buying process.
Prioritise your needs
Unrealistic expectations may be a big issue for some when looking for a home. 7 bedrooms in a picturesque Essex town will set you back millions so make sure your budget aligns to your new home goals.
Asking Questions
If you’re unsure about anything in any part of your buying process make sure to ask questions and get some reassurance. There’s nothing worse than putting your life savings into a process you don’t understand and putting your hard work into the hands of uncertainty.
It may be helpful to jot down any questions or concerns you may have before appointments to ensure you get the answers you’re looking for.