Buying a house is a huge financial decision, and no matter how many times we have added to our empire, it is still always a stressful and nerve-racking experience.
After buying 8 houses and slowly building up our real estate empire, I am here to tell you that it does get easier. The key for us has been having reasonable expectations. We have had many ulcer-inducing lessons over the years, but in the end, things have always worked out.
Still, there have been many things that we learned the hard way. Here are 11 tips that we have learned to follow, as they really have helped make buying a house less stressful.
11 Tips to Make Buying a House Less Stressful
1) Be Reasonable with Your “Must Haves”
We are a duel-income no-kid family (well, except for our 8lb kitty cat!), and our must haves are that the house is close to base and will rent well, as well as being low in budget. For others, lots of bedrooms or a large backyard is important.
We have always gone into buying a house with 4 or less “must haves.” The fewer “requirements” that we have had, the better of a deal we have been able to find. Therefore, we personally try to keep our requirements to less than 4. Our current 4 requirements are: 2-car garage, less than 30 minutes from base, in the vicinity of a top 3 elementary school, and low in budget.
Remember that even when you are reasonable, it doesn’t mean that these “must haves” might not have to be flexible, or even get eliminated from your list.
2) Come Up with a Reasonable Budget
3) Consider a Fixer Upper
4) Have An Exit Plan
5) Buy A House That Meets Your Exit Plan
6) Appeal to the Masses
7) Be Careful About Getting Every Upgrade in a New House
8) Be Flexible Regarding Your Timeline
9) Find Out What A Seller Wants
In my experience, thing other than money can be the deal breaker. We have always worked with amazing realtors who have found out the seller’s desires. By meeting those desires, we have actually beaten out our competition. For example, one seller wanted the money ASAP because he wanted to buy another house. So he accepted a $15,000 lower offer and agreed to never even put the house on the market if we closed within 10 days.
10) Find a Great Realtor