How to keep your emotions in check when purchasing a home

Buying a home is an emotional experience, especially if it’s your first and you can’t escape it. What you can do, though, is seek to understand how emotions affect your thought process, the price of your home, what you’re willing to pay and what you’re willing to overlook.

Emotions are important; they influence everything we buy, including a home. But if you let emotions rule you on house purchasing it can have disastrous results.

Firstly, emotions aren’t all bad, they are necessary for us to process daily. One positive to think about when considering emotions is your gut reaction; this is an emotional and immediate response to a house. Listen to it, instincts are important, if you’re gut reaction is to not buy this house, listen.

Similarly that first response to a house may be overwhelming adoration for the house, you think it’s perfect, sure the tap pressure is bad and the light isn’t quite right but you have that feeling in the pit of your stomach that says “it’s perfect”. It’s hard, but keep that in check. You clearly love the house but don’t let it cloud your judgement on important aspects like water pressure and light, (two very important things to consider when buying). This could be used as a negotiating tactic on your offer.

First time buyers have a range of emotions when house hunting, from frustration of the process, nervousness of losing out, disappointment and stress: just to name a few. But home buyers aren’t the only ones who feel it, home-sellers let their emotions get away with them also so be aware of this when looking to purchase a home.

Whether it’s due to their growing up in the house or that they painstakingly re-tiled the whole house or lovingly decorated the house they have an emotional investment in the property and this can be reflected in the asking price. Some home-owners, especially those that sell without an agent, may not really understand how to value their home and push up the asking price due to that emotional investment they have put into the house. Make sure you ask the sellers lots of questions to weed out if they are asking more for the house based on their own blood, sweat and tears.

Lastly emotions can put you on a rollercoaster when buying a home, ask yourself lots of questions and try not t make knee-jerk decision. Ask yourself “What would Martin do?” The answer will always be “sleep on it, think on it and ask lots of questions.”

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