Feeling anxious is natural, but that anxiety can impact the way you evaluate your options. Before you start looking at potential homes, determine whether you’re buying a home or an investment.
Here’s why that distinction is important. You may feel like homes are overpriced, but if you can see yourself living there for a long time (and you can afford it), that should be your deciding factor, not whether you think the value might increase (or decrease!) exponentially in the next year or two. If you feel pressure to buy something – anything, whether it’s what you want or not – because you’re worried about missing your opportunity, that can contribute to the fear of making a bad decision. When deciding whether to purchase a new home, think about both the short-term and long-term goals.
When my husband and I sold our house, we opted to rent and then watched home prices escalate. We talked about buying something, even if it wasn’t ideal, just to make sure we could get into a home. That would have been a response to the short-term situation without considering our long-term goals. Buying a home that wasn’t our dream home or in our desired location would have led to feeling stuck and unhappy with our purchase in the long run.
Being aligned with your goal can help ease the fear of buying a home and help you get comfortable that you’re making the right decision.
Here are three steps to help you get aligned with your goals and get over your fear of buying a home.
Get clear on your “why.”
Why are you moving? Sometimes it’s a welcomed move, sometimes it’s a forced move. In either case, it’s helpful to get clear on what’s really important and the outcome you want in the situation. Clarity in what you’re trying to accomplish will allow you to focus on positive solutions rather than other less productive activities like worrying about making the wrong decision.
Gain a positive outlook.
Change creates stress and stress can lead to a lot of negativity and doubt. Throw in the fact that society cultivates negativity, and it’s hard to break free of that kind of thinking. Shift your focus from the home itself to how the home will help you create the life you want for yourself. Find a positive instead of being consumed by negative or stressful thoughts.
Get on the same page.
A change made by one member in the family affects the other family members. Once you gain clarity about the situation, express your feelings to family members. A lot of people try to talk themselves out of how they feel, believing they are the only ones who feel this way and are embarrassed about it. When you keep your feelings to yourself it’s harder to facilitate positive change and it adds cause a strain on your relationships.
“I have had more than one circumstance where the wife wants a house and the husband doesn’t say, ‘No, we can’t afford it’ so he blows up the deal and tries to make it someone else’s fault,” says Seattle area real estate agent Patricia Wangsness. “I’ve also seen couples who haven’t talked about the long-term plans, and encountered situations where the wife wants a house, but the husband isn’t sure he’s going to like his job and doesn’t know if the family will want to stay in the area. In those cases, buying isn’t the best option. Maybe renting is a better choice.”
Express your feelings, get on the same page and articulate the outcome you want to achieve in buying a new home.
When you’ve got an outcome to work towards and a commitment to finding positive solutions and you’ll have nothing to fear in buying your new home.
If you’d like help navigating the change that comes with a new home or a new environment, perhaps it’s time to work with a professional change expert. Send me an email at email@example.com to arrange a complimentary strategy session.