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| Home Buying Expert
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Home Buying 101: How to Avoid "The One" Syndrome
Commentary
Brandon Cornett is one of our more popular contributors to
Educated Home Buyer. He has provided a series of articles for home
buyers who would like to know more about the home buying
process. Please be sure to check out his website for
more great home buying tips.
-----------------------------------------------------------------------------
When you're shopping for your first home - of any home for that
matter - it's easy to get caught up in the excitement. And that's
only natural.
Buying a new home should excite you. But you also need to be analytical
and realistic about the home buying process. After all, there's a
lot of money on the line.
Truth is, many buyers err on the side of emotion. In their excitement,
they overlook aspects of a home or neighborhood that would normally
turn them away. Next thing they know, there's a contract on the table
and earnest money in the bank. In short, they succumb to "The
One" Syndrome.
What is this syndrome, and how do you know if you're a victim? Here's
a test:
If, during your home buying experience, you've ever pulled up to a
house and blurted "This is the one!" before even getting
out of the car ... you've been a victim of "The One" syndrome.
There's nothing wrong with feeling good about a house based on a first
impression. Truth is, first impressions say a lot about a house, so
they should be part of your decision-making criteria. But you must
remain objective in spite of your excitement. Here's why:
Emotion has a way of playing with our heads. A strong emotional reaction
can blind you to other realities that would normally be crystal clear.
In home buying terms, this means you might overlook serious flaws
or disadvantages about a house as a result of your excitement.
Here are some tips to help you balance emotion with logic for a safer
home buying experience.
1. Pretend you're screening the house for a friend, not for yourself.
This will help you remain cool-headed and business-like throughout
your visit.
2. Another take on the friend approach is to bring a friend along
with you. A friend can give you an objective viewpoint and might help
you remember things about a house you wouldn't otherwise recall.
3. Have a checklist before visiting each house. The list should include
all the things you're looking for in a house, arranged by most to
least important. Having them on paper will remind you to check the
house for them - even in a state of, shall we say, heightened emotion.
4. When you find a house you like, visit it more than once. You'll
be amazed at the things you notice the second time around, after your
initial excitement has worn off.
Of course, if you're in a seller's market where houses sell quickly,
you'll have less time for the tactics listed above. But it still pays
to be objective.
Home buying brings out all kinds of emotions. That's only natural.
But for something that affects your life so dramatically - and so
financially - it pays to keep a cool head. And don't worry, you'll
find "the one" soon enough.
----------------------------------------------------------------------------
About the author - Brandon Cornett
Brandon Cornett is the editor of HomeBuyingInstitute.com, one of the
Internet's largest and most respected libraries of home buying information
- more than 100 expert articles in 12 different home buying categories!
Put this knowledge to use by visiting http://www.HomeBuyingInstitute.com.
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