How to Control the Emotions of Home Buying

Buying a home is almost always an emotion-based process. Once you find a home you like, you become emotionally attached to it. Emotional attachment can cause you to make unwise decisions when making an offer, handling negotiations, and so forth. Once you’ve fallen in love with a house and visualized it being your home, you’ll start to do WHATEVER it takes to make sure it becomes your home.

This is about the worst possible way to buy a home, but also may be the best possible home for you.  You do want to fall in love with your new home, but you also want to be careful.

You can literally cost yourself thousands of dollars, if not tens of thousands of dollars, by being too emotionally attached. Instead of letting emotions rule the game, try to include some common sense in the buying process. Real estate investors have a saying that goes, “Don’t fall in love with the house, fall in love with the deal.” This is easier for an investor as he won’t live there, but you should be aware of this, and use your head.

Having said that, I realize that you will always have some emotional attachment to your house. You need to like it. Your goal is to strike a balance between liking the house and using common sense to tell you whether you are sacrificing too much to try to get the house. If you find you have to make lots and lots of compromises to get a house, stop yourself and ask, “Is this really worth it?”

Remember to strike a balance between emotions and common sense in your home buying process. It will help you enjoy your home that much more once you actually move in.

You are probably thinking, “Why the heck do I keep bringing up this recession and how it can impact you succeeding in real estate?”  Well it does, and I’m not sure when the market will recover; but what I am sure about is that if you’re ready to make more money and you want to do it fast, you need to understand how to profit in a flat or declining market.

My good friend, Kris Kirschner, will be on a webinar with me tonight (Thursday, April 22) to discuss the current real estate recession we are in now and exactly what you can do to make money, part-time – even if you live in a declining market, have no experience and very little money or credit.

This is a one-time only webinar with critical information that you will not want to miss.  You already know that if you work for a living or own your own business it doesn’t get easier, it gets harder.  The real question you need to ask yourself is, “What will I do if unemployment hits 15% and more and more businesses continue to go under?”

Listen, I am not trying to scare you but there is so much you should be aware of to protect yourself and your family during this economic recession.  Join the webinar tonight and listen very closely for 55 minutes because Kris will be teaching you 3 strategies and exactly how to profit for the next 36 months!

The webinar is free – you will not want to miss it.  To register go to:

www2.gotomeeting.com/register/557972963

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Thursday, April 22, 2010

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