Developing Persistence In Your Home-Buying Journey

Developing persistence in your home-buying journey

Buying a house is an important milestone in anyone’s life, and as with any change, it can bring up a range of emotions. Some psychologists describe house-buying as a symbolic milestone – whether it’s a long-time financial goal, something special for your family life, or from a social standing viewpoint. 

On top of this, buying property is also a long-term financial commitment, so keeping emotions in check is crucial. Are you well-equipped for the ride? 

Read on for some expert tips we’ve combined to help your emotional experience of buying a home.

Committing to the ‘big picture’

Keeping in mind the reasons why you’re buying a house might help you keep going with the process. It may be that you’re ready to leave the renting world, or you’re excited to start a family, or would like to put your money to work. Research shows that remembering the big picture during your journey can help you make a well-thought-out decision, and feel happier about it overall.

Accept that it’s an ongoing process

Buying a house can be exciting, especially if it’s your first. But it also comes with a range of variables – the market, your preferences, geographical and social factors, and more. To help you with your goals, and ease emotional overwhelm, it may be a good idea to accept that securing the keys to your property could take some time. Seeking advice from experts like lawyers, mortgage and insurance advisers  can help you stay in control and keep the anxieties at bay. 

Proactivity with your thoughts and emotions

According to psychologist Dr. Mariyam Ahmed, reprogramming your perspective can be quite helpful. Buying a house can entail a range of conflicting emotions and doubts, so whenever you start feeling a little overwhelmed, doing something proactive might help you have a “balanced and realistic outlook.” Revisiting your finances, seeking the help of an adviser, going to open homes, and communicating with your partner and family, are some ways you can be proactive with your emotions.

Build a support network

As property buying is a significant financial commitment, having a support system throughout the process can be very helpful. Your support network can include your family and partner for emotional wellbeing, and also the help of professional advisers to guide you through the complexities of any situation.

Avoid emotional attachment (as much as possible)

Attending open homes is probably one of the most fun part of the process. That’s when you get to walk around the house and start to picture yourself in it, and when you think you’ve found ‘the one’, it can be easy to get carried away. 

However, keep in mind that, in a busy market, there may be a lot of buyers like you competing for the same property. So, it may help to avoid too much attachment to a house you like – it can cloud your judgment when it comes to the important decisions, and might set you up for disappointment later if the vendor accepts someone else’s offer. Try ‘sleeping on it’, it may help clear your mind and allow for better decisions. 

Use open homes as an opportunity to learn more about the property, by asking the agent any questions that come to your mind (without forgetting that they work for the vendor, of course). And before you put in an offer, make sure you do your due diligence: get a building report, send the LIM report to your lawyer, and sort out your finance. Which brings us to the next point…  

Like to explore your mortgage options?

Professional advice when it comes to buying a house can make all the difference, as it can help you with your questions and give you a steady game plan. 

Mortgage advisers like us are not just here to help you secure a home loan, but also to support you along the way and make your journey to home ownership as smooth as possible, by providing you advice and guidance through the mortgage process. 

Like to explore your options? Get in touch today – we understand it is a big decision, and we are with you every step of the way. 

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.