Buying a house can be a source of tremendous stress for many. It’s extremely common to feel overwhelmed and nervous about specific aspects of the process. Luckily, there are some answers to the scariest questions to help ease your mind. Here are some of the biggest homebuying fears and what to do about them:
Buyer’s remorse is an incredibly common feeling regardless of what you’re buying. Getting caught up in the excitement or stress of buying a home can lead to rash decisions. However, with homebuying, much of that anxiety goes away with time. Once you settle in to your new space and make it work for you, you’ll realize you made the right decision.
Offering a hefty down payment has its advantages. It can give you an advantage against other sellers and even get you lower mortgage rates. However, you don’t need to spend your entire savings on your down payment. The standard practice of 2 to 5 percent is more than suitable for most lenders. Also, there are down payment assistance options available for first-time homebuyers to help ease the upfront cost.
Unexpected financial burdens are difficult to deal with even when you don’t have an expensive monthly bill to pay. However, many lenders and third parties offer payment assistance options like refinancing, loan modification and loss mitigation options. Understanding the terms and rules of your mortgage agreement will also help soothe this anxiety, as you’ll know exactly how much time you have to pay your bill and other important details.
These are only a few of the common anxieties potential homebuyers face. With such an important and complicated life decision, there is bound to be stress involved. Remember these facts for a more comfortable process.
As a lifelong resident of Litchfield County, Heather is quite familiar with the beautiful Northwest Corner of Connecticut. In partnership with her husband at Turri, Inc., in Torrington, she managed and grew a 30+ employee electrical contracting firm that served both the residential, commercial and industrial industries. Currently residing in Goshen she hopes to transfer and utilize many of the skills she learned in contracting to the real estate industry.
Knowing how a vital community relies on its volunteers, Heather spent many hours in several capacities at local organizations that she admires. She serves on the Woodridge Lake Finance Committee and House Committee, Victoria Court Condominium Association (secretary) and Educating Canines Assisting with Disabilities (volunteer and nursery mom). Heather has also been involved with Goshen Community Care & Hospice (president of board of directors), Warner Theatre (board of directors), LARC (volunteer), Festival of Trees (founder), the Northwest Chamber of Commerce, and Goshen Business Circle. Heather also served as Vice President of Woodridge Lake’s Board of Directors.
In Heather’s spare time, she enjoys spending time with family usually in an active way by playing tennis, golf, boating, hiking and skiing.
Heather is honored to be a part of the E.J. Murphy team and hopes you will contact her with any of your real estate needs.
