The Emotional Buyer - Keep your emotions under control.

Here are five emotional mistakes first-time
home buyers often make:

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1. Love Hurts

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Falling in love with a home. As discussed at the
top of this article, the buyer has to reconcile
dreams with realities. It's often difficult to look
at the pros and cons of a home rationally if you
let yourself become too emotional about a
particular property. Beware of real estate agents
trying to play on your emotions to encourage
you to say yes. Never buy the first home you
see without looking at some others.

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2. Keep Control

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Losing control of the situation is frustrating and
can lead to imprudent decisions. Don't let
yourself be swayed or sidetracked by an assertive
agent or by undue advice from family or friends
(they don't have to live there, you do!). Personality
clashes with agents, mortgage brokers or others
with whom you are trying to work with can also be upsetting.

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3. Decisions, Decisions

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Not being able to make a decision. If you can't
decide about anything from budgets to what kind
of house you want then maybe you aren't ready
to commit to home ownership. If you're simply
worried that something better will come along after
you've made your offer, remember that there's
more than one home out there with your name on
it. Take the time you need to make a sound decision,
but don't be afraid to commit to a new home purchase.

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4. What are you getting into?

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Not realizing the responsibilities of home ownership.
It's great to own your own home, but it takes time
and commitment to maintain this large investment.
Make sure you are prepared.

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5. Is it the right time?

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Buying before you are ready. If you are suffering
cold feet over becoming a homeowner, sit down and
take stock of the situation. Examine your motives for
thinking you should take this giant step, looking at
what it will mean to your lifestyle and budget. Talk it
over with your financial counselor, your real estate
agent and your mortgage professional. Remember that
there are two million first-time buyers a year and most
of them felt the same trepidation as you. Most of them
are happily taking on their exciting new challenge.

Happy house hunting,

David Shieh

Posted by David Shieh- Abbotsford Real Estate Agent