You’ve been driving around for months, your eyes drawn to every “For Sale” sign. You obsessively check the online realty listings every morning when you wake up and every night before you go to sleep. You think you might be ready to finally take the plunge, but where to start, and when?
For many people, the winter holidays can present a confusing mix of excited joy and anxiety. The joy almost goes without saying, but “the most wonderful time of the year” is often also the busiest – presents to buy, trips to take, guests to entertain, expectations to meet. It can be overwhelming.
Buying a home for the first time can stir up a lot of fears and anxieties, some of them rational, and some unrealistic. For instance, you probably don’t need to worry about a hurricane destroying your home if you live in Eastern Iowa, but sometimes there’s no controlling the imagination.
A recent survey by Trulia showed that 44% of homeowners are saddled with regrets, either about their current property, or the process they went through to purchase it. Your home should be an oasis where you can enjoy peace and solitude, or the company of your loved ones, not a cauldron of anxiety.
Let’s look at the main reasons buyers experience remorse when purchasing a home, and some strategies for avoiding those negative feelings.
Home ownership is a huge investment, and also a key element in the American Dream. Since the introduction of the GI Bill, signed into law by President Roosevelt in 1944, the US Government has made home ownership a realistic possibility for the men and women of the Armed Forces, the people who have invested so much in protecting the American way of life. A VA loan provides some great advantages for buyers, compared to conventional loans and FHA options.
Moving can present a series of both emotional and practical obstacles. These issues can be compounded when empty nesters opt to transition out of a home where they raised a family, full of a lifetime worth of memories. As you address this intersection of past, present, and future, empty nesters should take the following into consideration.
You’re ready for a new house, but the perfect property might not be ready for you. Will you wait for that move-in-ready dream home, or will you create something fresh by renovating a fixer-upper? If you’re considering the latter option, you need to evaluate the pros and cons of that approach.