Calming the Fears of the Home Buying Process: Addressing Cost

First of all, we admit it, home buying and selling is scary. You know it, we know it, and we admit it. The big question is, what are we scared of?

What are we scared of?

We have found that there are about three things that probably scare you most about buying a home.

Our hope over the next few days is that we will be able to give you some behind-the-scenes secrets that will help you deal with the 3 things that scare you most about buying a home.
So what are these three things? We have identified them as, first, cost, second, commitment, and, third, people. (We tried, but we couldn't come up with three c's.)

First, we want to address cost. This could quite possibly be the greatest fear that people have about buying a home. Will I be able to afford it? It keeps us awake at night - we calculate and recalculate how many lunches we will have to pack instead of going out with the gang, just so we might be able to make the mortgage payment.

Now, let's look at the behind-the-scenes secret to dealing with the fear of cost. The secret is working with a great lender, getting pre-approved BEFORE you start looking at homes, and being realistic about what you are willing and able to spend. The lender will give you are range of loan options available, and if asked, will give you a realistic projection of what you can REALLY afford considering your budget and lifestyle. (By the way, this means you need to ask.) What a relief this should be! This is why it is so important to locate a lender who is knowledgeable and trustworthy.

Buying a home must up there at the top of all frightening experiences, but, the reality is, is that many of us will buy a home and do it again during our lifetime.

By giving you a these "behind-the-scenes" secrets, we hope to help you deal with the 3 things that scare you most about buying a home.