Buying a house can be a scary and stressful experience, whether you’re doing it for the first time or for the tenth time. Getting pre-approved for your mortgage can eliminate some of the stress and fear that comes along with buying a house, but there is still plenty to be worried about. Let’s take a look at the five biggest fears buyers have about purchasing a home—and what you can do to face those fears:
- The house has [insert issue here]. It would be easier if all homes on the market were absolutely perfect and had no issues. That just isn’t the case. If a home has dry rot, a leaky roof, or a cracked foundation, it can feel like the end of the world. However, it’s important to talk to your inspector and see how severe the problem is before writing the house off entirely.
- You might lose your deposit. There is always the possibility that you might lose your deposit when it comes to buying a house. There are a lot of moving parts and not all of those moving parts always work out. That said, it’s very unlikely that you, as the buyer, will lose your deposit. Often, you can work with a lender to come up with a contingency plan if you are very concerned about this happening.
- You might lose the house. When you find a great house, there is always the possibility that someone else already has their sights on that house. Moving quickly is the best way to secure the house. If you’re already pre-approved for a HomeSure Lending mortgage, you’re unlikely to have to delay making an offer.
- Your agent isn’t interested in your needs. This is why finding a great agent is imperative. If you’re afraid that your agent is only interested in the commission, not in getting you into the very best house possible, don’t be afraid to find a different agent.
- You have a deadline you don’t want to miss. Buying a home before the summer is over or before Thanksgiving, or before Christmas are all noble goals—you don’t want to be out in the cold when you already expected to buy a home. You shouldn’t, however, try to rush the process, especially if it means settling on a home that you don’t absolutely love.