Having Trouble Deciding on Your First Home? Experts Share Their Advice
After years of renting with friends, I’ve finally decided to start looking for my first home. However, I’m feeling overwhelmed and unsure about making such a big decision. Falling house prices and high mortgage rates have added to my uncertainty. To overcome this decision paralysis, I reached out to three experts for their advice.
Firstly, professional buying agent Henry Pryor suggests that I stay put and continue renting. He compares finding the right house to finding the right partner – it can take time and compromise. Renting offers freedom and there’s no shame in it.
Charlie Lamdin, founder of property website BestAgent, advises me to keep viewing potential homes until I find one that truly excites me. I shouldn’t wait to time the market, but instead view homes outside my budget and make offers on those I love. He also reminds me to trust my instincts and avoid bidding wars as a first-time buyer.
Matt Thompson, head of sales at Chestertons estate agency, suggests expanding my search radius slightly to increase my options. He acknowledges that buying a first home is a daunting task and recommends taking it at my own pace.
Overall, their advice encourages me to trust my instincts, be patient, and not rush into a decision. While there is no manual or checklist to follow, their insights offer valuable guidance in navigating the home-buying process.
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