The Must-Know Habits of Successful Homebuyers
Buying a home in today’s market can be a challenging process. And if you want to succeed, there are certain habits you’ll want to cultivate—habits that will increase your chances of finding your dream home and having your offer accepted.
But what, exactly, are those habits?
A recent article from realtor.com outlined some of the key habits potential buyers need in order to successfully find and purchase a home in today’s market and we’ve narrowed it down to our favorites. Here our top 5 habits of successful homebuyers:
They’re persistent. While the market overall has cooled in recent months, there are definitely still areas where inventory is low and competition for properties is high. And in those markets, persistence is key.
They’re not afraid to ask questions. For most people, buying a home is the biggest investment they’ll ever make. And in today’s market (or really any market), successful buyers know that asking questions—about the property, about the homebuying process, about their mortgage—is a must to ensure that they’re making a good choice, and buying a solid investment.
They have a clear distinction between “wants” and “needs.” When it comes to buying a home, there is a difference between “must have” and “nice-to-have.” And the most successful buyers in today’s market have a clear distinction between what they want in a property, and what they need in a property—and are willing to be flexible for features that fall under the “wants” umbrella.
They can see beyond the cosmetics of the house. Inventory is improving but still low. That means buyers are all competing for the same homes. You’ll have a better chance of success and beating out the competition when you are willing to compromise. Try visualizing the potential of the home instead of just what’s in front of you. In doing so, you may just find a gem that other buyers are overlooking in their search for the “perfect house”.
They keep their emotions in check. While buying a home can certainly be an emotional process, the most successful homebuyers won’t take a rejection personally. Any time a house doesn’t work out, they’ll know there are still others waiting to be found!
Bottom Line:
Don’t let the home buying process stress you out. Practice these habits and rely on your Realtor to help walk you through it. You’ll be sipping a cup of coffee in your new home before you know it!