USA Weekend magazine had an article today by Annalisa Burgos, called "6 Myths of Buying a Home." It was aimed at first-time buyers, and contained common sense advice about treating a home purchase as a business transaction.
These suggestions may be easy to give, but having worked with many new buyers for more than three decades, I know that they are common concerns for what may be their largest financial decision.
So much of this process is emotional that it is nearly impossible for home buyers to narrow it down to "strictly business." The easiest advice to accept is her most sensible:
Realize that you should verify the information given in the listing by checking the details yourselves.
Don't stretch to buy as much house as you can get...not in today's market and in light of the current economy. And realize that your home's value may not increase very soon.
Some of her advice was reassuring for those suffering from "Buyers' Remorse."
As long as you were comfortable with the offer you made, don't be concerned that the seller accepted your offer right away. A purchase should be a win-win situation.
I found the two comments about buyers expecting to find the perfect home, and waiting for the house to "speak to them" to be the most familiar. In one of my first posts, I compared the home search to the search for a spouse. In housing or in love, finding the one that fills most of your needs may be as good as it gets.
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