Homebuying Tips: How to Handle High-Pressure Situations

by Jacqueline Neal 04/21/2019

Completing a successful homebuying journey may be difficult, especially for those who do not plan ahead. In fact, high-pressure situations may arise that lead you to make rash homebuying decisions. And if you make the wrong choices, you risk paying an exorbitant price to acquire your dream residence.

There is no reason to let high-pressure situations cause you to make poor decisions throughout the homebuying journey. Now, let's take a look at three tips to help you map out your homebuying journey so you know exactly how to handle any high-pressure situations that come your way.

1. Maintain Flexibility

A high-pressure homebuying situation may make you feel like you are backed into a corner. However, it is important to remember that options are always available. And if you take a deep breath and step back and review a high-pressure homebuying situation closely, you can determine the best course of action.

Those who maintain flexibility as they try to acquire their dream home may be better equipped than others to handle high-pressure homebuying situations. Because if you maintain flexibility throughout the homebuying journey, you can take an objective view of the options at your disposal and proceed accordingly.

2. Establish a Budget

A budget generally is helpful, particularly for those who want to acquire a terrific home as quickly as possible. If you have a budget in hand, you'll know exactly how much you can spend on a home. Then, if you face pressure to increase your offer to purchase your dream residence, you'll know whether you have the financing available to do so.

Keep in mind that the costs associated with purchasing a home extend beyond the price of a house itself, too. As you establish a budget, you'll need to account for closing, appraisal and inspection expenses and various other fees in addition to the cost of a house itself.

3. Work with a Real Estate Agent

A real estate agent can take the guesswork out of buying a house. He or she also will go above and beyond the call of duty to alleviate stress and ensure you can proceed with confidence as you pursue your ideal residence.

Let's not forget about the guidance that a real estate agent provides when you're ready to submit an offer to purchase your dream home, either. At this point, a real estate agent will help you craft a competitive offer to purchase your ideal house. He or she next will submit this offer to a seller on your behalf and negotiate with the seller as needed. If you and a seller come to terms on a home purchase agreement, a real estate agent will help you close on your dream home as well.

For those who want to simplify the homebuying journey, it helps to prepare. Thanks to the aforementioned tips, you can get ready for high-pressure homebuying situations and speed up the process of acquiring your dream residence.

About the Author
Author

Jacqueline Neal

 Jacqueline has lived in Colorado for more than 25 years, mainly in the Foothill mountains outside the Denver Metro area. Having lived and worked in the Conifer area since moving here after marrying her husband in 1996. Both Jaqueline and her husband are also successful business owners and have enjoyed living in the beautiful mountain community.

With a background in banking for 25 years and the last 15 years in the lending department, specializing in Real Estate loans, mainly construction and land right here in the foothills from Morrison, Evergreen to Fairplay and all in between.

Jacqueline has also had a tremendous involvement in our community as a member of both the Conifer and Platte Canyon area Chambers; past member of Conifer Rotary and currently serving as the Chair of our local Salvation Army serving the 285 corridor.

Jacqueline is a Broker Associate and Realtor serving as a member of The National Association of Realtors; Colorado Association of Realtors and our local Mountain Metro Association of Realtors(MMAR) and a Certified Mountain Area Specialist.

Jacqueline’s passion and commitment to her community and providing excellent customer service for all of your Real Estate needs is what she will bring to you.