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Buying Your First Home Is Like Your First Day of College

buying your first home ashley nielsen vancouver real estate

Buying Your First Home Is Like Your First Day of College

First-time homebuyers often experience total excitement, frustrating setbacks and overwhelming anxiety much like they may have encountered on their first day of college. These two experiences are remarkably similar. Buyers are often searching for the perfect home. They have high expectations of finding an affordable house with great schools, a big yard and character. Beginning college students are also motivated to use their money wisely, tackle all of the challenges that higher education presents and earn high scores – all while working. Along with wild expectations, there are five more blaring similarities between the two experiences.

1. Lifetime Milestone

Remember the excitement of the first day of college? Finally, students move away from home and explore a whole new city away from their family and friends. These 18 year olds get to take on more responsibility and fully enjoy their new freedoms. Going to college is a rite of passage for many youth in America; it’s a huge transition.

For buyers, owning a home is a momentous transition into adulthood. Homeownership is a major commitment of money and time. When buyers purchase a home they are planting roots in a community for at least a few years. They can finally unpack all of their boxes, settle-in and call one place home. Buyers accept the responsibility of home maintenance and payments.

Both of these experiences are milestones at different stages of life. They indicate a major transition and an increased level of responsibility. Going to college and buying a home are both accomplishments representing maturity.

2. Underestimating the Lengthiness of the Process?

Getting into the right college can take months. Teenagers study for tests to qualify for acceptance, go through the application process and then wait. Upon acceptance, students have paperwork and orientations to go through. Finally, on the first day of class, students have to travel all around a foreign campus to get from class to class. Even the most prepared student may underestimate how long it takes to walk or bus from class A to class B. Getting in and adjusting to college can be a stressful process that tests patience and confidence.

The home-buying process also takes an enormous amount of patience. Buyers should be pre-qualified for a loan before their house hunt begins. Finding the right home requires persistence to attend open houses, search online and stay in contact with realtors. Buyers can be out-bid or turned down. Once a home is selected and an offer is accepted, the process continues. There is an inspection, tons of repeat paperwork and rapid exchanges between the buyer and lender. After the papers are signed, the money must be issued to the seller and the deed recorded before the purchase is final. Buyers may feel at times like they will never see the keys!

Lots of front-end work must be completed before finalizing acceptance into a college or the purchase of a home. When one stressful step is completed, another begins. The question of getting into a college or a home can be emotionally discouraging. Both processes can be ongoing and require persistence.

3. Learning Curve

Think back on that first day of college. Remember how every reference to a class, a department, a building or a book was expressed as an acronym? No matter how many times new students reference their orientation manuals, those acronyms just don’t seem to stick. Eventually, students become comfortable explaining that they live in B.T. eat lunch in the V.U. study their G.U.R.s and plan to complete a B.A. in G.S. Even if students have all of their books on the first day and show up with every supply imaginable, these acronyms can make them feel confused or behind.

Similarly, first-time home buyers may feel like they know all about loan options and mortgage rates before meeting with their lender. When all of the numbers are in front of them and all of the answers are provided in real estate jargon, it can be mind-boggling. The choice of loan program can determine the next 30 years of a buyer’s monthly costs. It can be distressing to make such long-lasting decisions without clarity.

It’s important to ask questions and do research. Whether it’s the first day of college or the beginning of the home buying process, questioning the experts is the best way to get pointed in the right direction. Studying the processes and topics that present challenges is another good way to get back on track. Lacking confidence can make a student or buyer feel unprepared to move forward. However, in time, these topics will become familiar and second nature.

4. Studying To Catch Up

Some professors use the first class of a semester to hand out syllabi and discuss how the course will progress over the next few months. Other professors jump right into lecture. Such rapid adjustment to topics can overwhelm new students. They are often left wondering if they already missed an assignment and hoping the professor doesn’t call on them. Alternatively, that fast approach can motivate students to read their books to get up to speed so they do not find themselves unprepared again.

When a buyer’s offer is accepted, he can hire an inspector to evaluate the condition of the home. Inspections can last several hours, and the buyers are recommended to be present. The inspector references building codes or points out structural inaccuracies. After the findings are compiled, the buyer can decide whether he wants to proceed with the purchase or negotiate deductions. For first-time home buyers, this step can be well above their knowledge base. New homeowners rarely know how much it would cost to correct an electrical panel, fix some water damage or replace the roof. Buyers may find themselves studying that night to find out if the fixes are worth the trouble.

A student’s first day of an intense college class or a buyer’s first home inspection can be overwhelming. Both student and buyer should research the material to be better prepared and educated in the future. However, even when topics are above an individual’s knowledge base, diving right in can motivate him to catch-up and become better informed.

5. Buyer’s Remorse

After students have experienced the first day of class, they may feel like they have taken on more than they can manage. The course load could be too intense or the balancing of a job may be unachievable. Once the tuition check goes through, it’s difficult to go back on the commitment. The feelings of hopelessness or fear can sometimes be explained as buyer’s remorse. All of that money is gone and applied to something that seems unattainable.

First-time home buyers may also experience such remorse. Buyers go through such a long process of completing one step after another that their focus may not be on the final purchase until it’s complete. The size of the mortgage payment can be shocking and saving money for each payment can be stressful.

College education is invaluable, regardless of the career path graduates choose. Education sets an individual up for a successful future. A degree opens the door for more professional opportunities and higher standards of pay. Buying a home doesn’t make perfect sense for everyone. For most, it’s a financially sound decision for their future wealth. Whether the home is purchased in Phoenix, Seattle, or Charlotte, it’s a long-term investment that appreciates in value. Although the purchases of education and a home are some of the most expensive in an individual’s lifetime, they are generally quality investments with high returns.

In conclusion, try to soak up the pride associated with these comparable milestones. Stay persistent through the long processes and adapt as each presents challenges. Begin as prepared as possible and study if the steps seem confusing. Don’t be afraid to ask questions of experts, family, friends or the web. When it’s finally complete, appreciate the degree and home that were worked for so diligently. Not everyone is steadfast enough or financially sound enough to complete college or purchase a home. Be responsible for the commitments made and relish in the accomplishments.

Wee, Tali. "How Buying Your First Home Is Like Your First Day of College." The Phoenix Real Estate Guy. N.p., 17 Dec. 2012. Web. 17 Jan. 2013.

Buying Your First Home Ashley Nielsen - Prudential Realty - Vancouver Real Estate -
购买你的第一首是喜欢你的大学第一天

首次购房者经常遇到总兴奋的,令人沮丧的,就像他们上大学的第一天,可能会遇到的挫折和压倒一切的焦虑。这两次经历非常相似。购买者往往寻找一个完美的家。他们有很高的期望,找到一个负担得起的房子,大学校,一个大院子和字符。从大学生的积极性,也明智地使用自己的钱,解决所有的挑战,高等教育礼物,并获得较高的分数 - 工作时。除了与野生期望,存在多五个高音两个经验的相似之处。

1。终身里程碑

还记得大学的第一天的兴奋吗?最后,学生移动远离家乡,探索出一条全新的城市,远离家人和朋友。这些18岁的孩子去承担更多的责任,并充分享受自己的新的自由。大学是通过在美国的许多青年的仪式,这是一个巨大的转变。

对于购房者来说,拥有一个家,是一个重大的过渡到成年期。拥有住房是一个重大的承诺的金钱和时间。当买家购买住房时,他们种植的根在社区,在至少几年的时间。他们终于可以打开所有的箱子里,解决打一处家。买家接受家居维修和付款的责任。

这些经验在不同的人生阶段的里程碑。他们指出一个重大的转变和更高级别的责任。去上大学,买房子都较成熟的成就。

2。低估了冗长的过程吗?

进入合适的大学可能需要几个月。青少年研究测试,以符合验收,通过应用程序,然后等待。验收后,学生必须要经过的文书工作和方向。最后,在上课的第一天,学生们前往各地的外国校园,从类到类。即使是准备最充分的学生可能低估了需要多长时间步行或搭乘公车从A类B类和调整上大学可以是一个紧张的过程,考验耐心和信心。

购房过程中还需要大量的耐心。购房者应该通过资格预审的贷款,他们的房子狩猎开始前。寻找合适的家庭需要持久出席开放日,网上搜索,与房地产经纪人保持接触。买家可以出价或拒绝。一旦一个家庭的选择和接受要约,则进程将继续。有一个检查,重复的文书和快速买方与贷款人之间的交流吨。文件签署后,钱必须发出之前购买的是最后的卖方及契税记录。买家可能会觉得在这样的时候,他们将永远不会看到的钥匙!

落实到一所大学接受或置业之前,必须完成大量的前期工作。当一个压力的步骤完成后,另一个开始。进入一所大学或一个家庭的问题可能会在感情上令人沮丧的。这两个过程可以持续的,需要坚持。

3。学习曲线

回想一下,大学的第一天。请记住每​​一个类,一个部门,一个建筑或一本书的首字母缩写表示为?新的学生无论多少次引​​用自己的定位手册,那些首字母缩写似乎并不坚持。最终,学生成为解释说,他们住在BT吃午饭的V.U.学习他们的G.U.R.s和计划完成了学士学位即使学生在GS所有他们的书的第一天,和显示每个供应想象的,这些缩写可以使他们感到困惑或后面。

同样,首次购房者可能会觉得像他们知道所有有关贷款方案和抵押贷款利率之前满足他们的贷款人。当所有的数字都在他们面前,所有的答案都在房地产行话,它可以是令人难以置信的。贷款项目的选择可以决定未来30年的买方每月的费用。它可以是痛苦的,使这种持久的不清晰的决定。

重要的是要问的问题和研究。无论是大学或购房过程的开始的第一天,专家质疑是最好的方式来获得指向正确的方向。学习的过程和主题,目前的挑战是另一种很好的方式回到正轨。缺乏信心的学生或买方感到措手不及向前发展。然而,在时间的推移,这些议题将成为熟悉和第二性质。

4。学习要赶上

有些教授使用的第一类一学期来伸手,教学大纲和课程将讨论如何在未来数月内取得进展。其他教授直接进入演讲。这种快速的调整可以压倒主题的新同学。他们往往想知道,如果他们已经错过了一个任务,希望教授不叫上他们。也有可能是快速的方法可以激发学生读他们的书,以加快速度,因此,他们并不觉得自己没有准备好再次。

当一个买家的报价被接受,他可以聘请调查员评估条件的家庭。的检查可以持续几个小时,和买主都存在。审查员引用代码或结构不准确的指出。编译后发现,买家可以决定是否要购买或继续进行谈判扣除。对于首次购房者,这一步可以远高于他们的知识基础。新业主很少知道它的成本多少,以纠正电气面板,修复了一些水损坏或更换屋顶。买家可能会发现自己学习,晚上才找到,如果该修补程序是值得的麻烦。

学生的第一天激烈的大专班或买方的首个主场检查可以压倒。学生和买方都应该研究的材料有更好的准备,并在未来的教育。然而,即使当主题是个人的知识基础之上的,潜水的权利,可以激励他去追赶,并成为更好地了解。

5。买方的悔恨

在学生经历了第一天上课,他们可能会觉得他们已经采取了超过他们可以管理。可能过于激烈的课业负担,或可能无法实现平衡的工作。一旦学费检查通过,这是很难回去的承诺。绝望或恐惧的感觉,有时可以被解释为买方的悔恨。所有这些钱消失了,似乎高不可攀的东西。

首次购房者也可能会遇到这样的悔恨。买家经过一个漫长的过程,完成一个步骤之后,他们的重点可能不是最终的购买,直到它完成。按揭付款的大小可以是令人震惊的,并为每个付款可以节省资金很紧张。

大学教育是无价的,不管的职业生涯路径毕业生选择。教育设置个人为一个成功的未来。更专业的机会和更高的工资标准在一定程度敞开了大门。购房不完全合理的每一个人。对于大多数人来说是一个财务健全的决定他们的未来的财富。无论是家庭购买的凤凰城,西雅图,夏洛特,这是一个长期的投资价值升值。虽然购买的教育和家庭在一个人的一生中最昂贵的,他们一般都是质量高回报的投资。

总之,沉浸在骄傲这些可比的里程碑相关联的。通过坚持不懈的长期过程,适应对方提出了挑战。开始准备如果可能的研究似乎令人困惑的步骤。不要怕问问题的专家,家人,朋友或网络。当它终于完成了,欣赏和家庭,工作了这么努力的程度。不是每个人都足够坚定,或财务状况稳健,足以完成大学或购买住房。负责所作的承诺和所取得的成就津津乐道。

威大里。 “如何购买你的第一首是大学的第一天一样。”凤凰城房地产的家伙。 Conc.N.P.,2012年12月17日。网络。 2013年1月17日。

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