3 Tips to Overcoming Fear and Panic that Comes with Buying or Selling Real Estate

Congratulations! You have decided to make a major life change. But did you realize every major life decision will be filled with doubt, confusion, and stress? Depending on what stage in life you are in, you may have an idea of what to expect. However, since we are all human, no matter how many times you can go through something, major life changes will take an emotional toll on us all. Here are three ways to at least manage some of the emotional turmoil during a real estate transaction.

1) Know what to expect.

One thing my teammate and I require is a consult before moving forward on any real estate journey. Whether you want to buy a home or sell a home, we insist taking the time to sit down and talk about the real estate market, how it will affect you, and what your expectations and goals are. Having a clear understanding on what you want, what you can expect, and how we can help will relieve a good amount of stress.

2) You are not a passive participant in this process.

About the Make the JumpAlliteration aside, this is a great mantra to repeat to yourself. If you feel stalled in the process, try something different. Buyers, you can search a different area or price range. You don’t have to go higher, you can look lower and consider how you can make renovations. Sellers, you can adjust the price or add incentives. Pricing and staging can have the most effect on how people react to your property. If the property is priced fair for the market and it shows beautifully, get creative! If you are hearing an issue is a lack of parking, offer to pay to rent a parking spot nearby for a year. But if you are not discussing your frustrations with your Realtor or your willingness to be creative, you may continue to feel dis-hearted and discouraged.

3) Be confident in your decision.

There will never be 100% certainty in any decision you make; this is a fact of life we all have to accept. But there is always the best decision to make to help you achieve your goals. No one buys a house to buy a house, a deeper reason is always present. Whether you want to invest in real estate and build wealth, have a home to raise a family near good schools, or have a condo in the city to enjoy the lifestyle, a deeper goal is involved in the purchase. The same is true with selling a home. Once you are clear on the reason you are doing something, the decision becomes a more confident one.

None of these tips are achievable without clear and continuous communication between you and your Realtor and especially you and your partner. A major life change is difficult to go through alone, being open and honest about your wants and needs will only make the process less stressful and more rewarding.

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4 Responses to 3 Tips to Overcoming Fear and Panic that Comes with Buying or Selling Real Estate

  1. Paul says:

    Great blog post.. I think too many home buyers or seller are passive in the real estate process as you mention in #2. Why? Because they will sometimes put too much trust in the professional they have chosen without asking enough questions or go with the first professional they speak with without speaking to others for comparative purposes. This goes mortgage brokers and real estate agents.

    • Thank you for enjoying my blog and yes! It is incredibly important to speak with a few Realtors, mortgage professionals, etc. to make sure you are in good hands which is different for everyone. “Good hands” could be someone that is constantly available, someone that shows results, someone you feel at ease with, or all of the above.

  2. When pricing a home to sell, remember that it is up to you to name the asking price, not your real estate agent. You need to own your price in order to feel comfortable with it. Your agent is there simply to offer suggestions and advice of what changes to make if the home doesn’t sell.

    • Thank you for reading my blog! I agree with you but if you are looking to truly sell your home you may not always be comfortable with what the market will bare. Yes as Realtors we offer suggestions and advice, we also study the real estate market, find what makes your home unique, and create specific marketing to get your home maximum exposure. At the end of the day we are here to service our customers and we will do what they are comfortable with.

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