5 Ways to Make the Home Buying Process Less Stressful
This post was sponsored, and paid for, by SunTrust. All opinions are my own.
An emotional roller coaster of tears, laughter, extreme nail biting moments, and relief are ways one could describe the home buying process. Despite experiencing a fairly easy home buying process at 25, I was recently reminded how overwhelming buying a second home can be.
You see, my husband is the type of person who is all about the frills and extras in life. He loves having nice things, and truly feels that our current home is lacking. We do not have a garage, and our yard is on the smaller size despite being large for this particular area, but we do have some nice landscape features. He envisions a workshop, 2 stall garage, a barn, and a yard full of chickens among other things.
I, on the other hand, am perfectly content with my average sized home, and get easily overwhelmed looking at potential new homes. Larger utility bills, higher taxes, longer commute times, and location are all things I tend to over-analyze and get worked up about. While I am getting a wee bit better with this new endeavor, I have come to the conclusion that there were some things I needed to do to Make the Home Buying Process Less Stressful.
Here are my 5 Ways to Make the Home Buying Process Less Stressful
Mutually Decide on a Location:
This might be one of the most important things to take into consideration when buying a home.
When deciding on a location, make sure you take into account property taxes, commute times, crime, school ratings, and price. Sometimes just a few miles difference in home location can greater savings. By narrowing down your desired neighborhood at the start, you will have a great guide to scout out potential homes to keep you focused on your goal.
Decide on a Realtor:
Aside from your mortgage lender, your realtor will be one of your first connections during a home buying process. You want to find someone who is knowledgeable, and honest with a great track record for success. Having a realtor who understands your home “wish list” will ensure you are both on the same page. There is no sense in looking at homes out of your price range or location.
Organize your Finances:
You should also use this step to determine how much you are comfortable with spending, and how much you have to work with for a down payment. When you buy a home, banks typically will ask for lots of paperwork to back up deposit amounts, income totals and more. By having your work paycheck stubs, and banking statements organized, you will save time and help prove your financial stability.
Decide on a Mortgage Lender:
When shopping for a mortgage bank you want to go with a company that truly understands the home buying process. You can search for local banks in your region based on rates, reviews, and reliability. Having a great mortgage rate was prime in our decision for our mortgage lender, but we also went with someone who specialized in first-time home buying. The folks at SunTrust Mortgage are available to help you buy with confidence. They offer so many tip and tools for home buyers to make them feel comfortable and at ease with their loans.
Check out their site where they offer an abundance of fun and interactive articles to help clear up any confusions you may have while buying your home, or selling. I actually did not have this many resources at my fingers tips, and I think if I had I would have been more confident, and at ease.
Get Pre-Approved, Pre-Qualified or both:
This step is super important when it comes to buying a home. These days, many realtors will not even show their clients homes without a pre-approval or pre-qualification letter from a bank. This is to ensure that you are a serious buyer who does qualify for a home loan. SunTrust Mortage is a great place to start your mortgage journey. They super knowledgeable when it comes to first-time home buyers, and can help you achieve the confidence you need during this major financial milestone. See this video which explains the difference between the two.
These are my top 5 Ways to Make the Home Buying Process Less Stressful. Of course, there are more, but I really wanted to focus on mastering these relationships, and hurdles during your journey. Best of luck on your journey to a better future!
What are some tips and suggestions you can add to reducing home buying stress? Are you in the market for a new home?
At SunTrust Mortgage, we make it a priority to learn all about your unique circumstances. Confidence starts with a conversation.