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5 Ways to Calm Home-Buying Anxiety

By Mike in Buying Tips with 0 Comments

Buying a condo or loft for the first time can be an overwhelming experience. It is most likely the largest purchase you will make. There is a steep learning curve, but it’s not insurmountable if you follow a few tips.

1. Take a hard look at your finances.

Knowing how much you realistically have to spend on a home will mitigate much of the anxiety. When you have decided how much you want to spend, do your best to stick to your budget.

2. Know the TRUE costs of owning a home.

If you’ve been renting for most of your life, you might not realize how much it actually costs to own a home. Take into account the monthly costs you will incur in addition to the mortgage, such as insurance, HOA or condo fees, and parking fees if parking isn’t offered with the condos or lofts in Downtown San Diego you’re looking at.

3. Lean on the expertise of family or friends.

If you have homeowners in your network, take them out for a cup of coffee and pick their brain! Friends and family can be a fount of knowledge. Ask them what they wish someone had told them before they bought their first place.

4. Do your research.

Get an idea of the prices in neighborhoods you like by looking at listings online. There’s likely a pretty wide spread depending on building amenities, upgrades, and views. Once you’ve narrowed down where you want to be, walk around the neighborhood. Find out where the nearest grocery store, drug store, and coffee shop are.

5. Get an expert to guide you.

Once you’ve gone through these steps, you will likely want to get some expert advice. Research different Downtown San Diego real estate brokerages and agents and find one that you feel will be an advocate for you in this process.

Buying a place can be nerve-wracking. Following these tips can help the process go more smoothly. The most important thing to remember, though, is to trust your gut. If a property or realtor doesn’t seem right, speak up! ')}