One of Nashville’s Top Residential Real Estate Companies Explains Why Buying a Home Is So Stressful
Whether you’re looking for the perfect home for your family or want to start acquiring property as a way to build your investment portfolio, buying real estate can be stressful. As most residential real estate companies will tell you, this goes double for first-time home buyers.
Hinge Development & Realty has been helping home buyers in Nashville, Brentwood, and Franklin buy the homes of their dreams for years. With 80 years of combined experience, our team understands the anxiety that can come along with buying a home. This article will break down the most common stresses and strains that beset home buyers and how you can combat them.
Locating the Perfect Home in the Perfect Area
The most obvious stressor when it comes to home buying is finding the right one. That means a home that:
- Meets all of your pre-decided requirements (necessary to avoid purchases based on emotion)
- Is in the neighborhood you want (consider location, commute time, amenities, etc.)
- Falls within your budget (and is reasonably priced within the market)
Working with a real estate agent that has in-depth familiarity of the area can give you access to valuable local real estate knowledge that can help you find the perfect home for a fair price.
Finding the Right Real Estate Agent
We all know the stereotype of the pushy real estate agent who tries to convince you to buy any old home just so they can make a sale. The idea of getting paired with a real estate agent that doesn’t have your best interests at heart is a very real fear many first-time homebuyers have when they set out on a home buying journey.
Make sure to choose a reputable agent who seems like they’ll keep your needs and preferences in mind rather than pushing you into a sale you’re not comfortable with. Choosing the right real estate agent can make all the difference in your home search.
Choosing the Right Mortgage Lender
When many first-time home buyers start to look into mortgage lenders, they quickly become overwhelmed. It can be hard to know what to look for, especially when you consider the many types of mortgage lenders out there:
- Mortgage Bankers
- Correspondent Lenders
- Credit Unions
- Mutual Savings Banks
- Savings and Loans
Understanding the fine print and any hidden fees that may add to your total amount owed can be a lot to wrap your head around, so it’s no wonder that it stresses people out. Plus, inaccuracies or slow turnaround times on the lender’s part can slow down the sales process and even cause you to miss the closing window, making it that much more important to choose the right one.
Thankfully, most residential real estate companies usually have a shortlist of proven mortgage lenders they can recommend. Realtors don’t get kickbacks from these recommendations, so they usually only recommend lenders who will make the sale go as smoothly as possible.
Investing In Quality Property
If you’re new to investing in real estate, choosing the right property can be nerve-wracking. This is especially true if you’ve been saving for years to grow your nest egg or have had a small windfall: you don’t want to make the wrong choice on your first big investment.
Working with residential real estate companies that have been around for a while can be useful, since they know firsthand the common real estate mistakes that new investors make and how to avoid them. The right company will guide you along in the process so you can apply what you learn to future investments.
Residential Real Estate Companies Can Take the Stress Out of Home Buying
It’s normal to feel stressed when buying a home, especially if you’re a first-time homebuyer. Fortunately, you don’t have to handle the process on your own – an experienced real estate agent can help you navigate the process so you can enjoy this exciting time.
Hinge Development & Realty proudly serves Nashville, Franklin, and Brentwood. We work closely with our clients to help them find the perfect home to match their needs and style, and make the process as stress-free as possible. Contact us any time to learn more.