The dream of owning a home is still very much the dream for many people. Even so, it is not uncommon for many first-time home buyers to carry expectations that are unrealistic into the buying process. While it can be normal to feel emotional about your first home purchase, it is also critical to ensure that you do not allow your emotions to cloud your better judgment.

It has often been said that you cannot believe everything you hear or read. This is certainly true when it comes to purchasing a home. Many first-time home buyers often fall prey to commonly held, but typically untrue, myths regarding the purchase of a home. Understanding the realities of a home purchase can help you to ensure that you do not allow your heart to rule your better judgment and ensure you do not make a crucial mistake in what will probably be the largest purchase of your lifetime.

Perhaps one of the most common myths that many first-time home buyers fall victim to is believing that their perfect dream home is out there somewhere. This can often lead to months of agonizing searches and ultimately, disappointment. While it would be wonderful to find the perfect home that has everything you want in it, more often than not you will likely find yourself compromising when looking for home. It is typically unrealistic to expect that you will find everything in a home that is on your wish list. It is much better to focus on the items that are must-haves and compromise on features that are not as much of a priority.

When homeowners place their homes on the market to sell they are often advised by realtors that buyers purchase homes based on how the home makes them ‘feel.’ This is because buyers do typically become caught up in the way the home speaks to them. As a buyer, it is important to be able to separate the way the home makes you feel and the realities of the house. In a competitive market, it is not unusual for sellers to hire home staging professionals to professionally prepare their homes for the specific purpose of invoking certain emotions. It is always important for buyers to remember when touring a prospective home that they are buying the home; not the decor or the furniture. Make a point to imagine your own furniture and belongings in the home and then see how you feel about it.

Another common mistake that many buyers make is believing they should purchase a home they grow into in the future. While this might once have been true when it was standard for families to purchase a home and live there for decades, that old rule no longer stands. Today there could be many reasons why you might want or need to sell your first home and purchase a different home in the future. Circumstances can always change. You might need to relocate to a different part of the country or you might become unemployed. When purchasing your first home, it is imperative that you consider your current needs and not what would be desirable five or ten years into the future. Otherwise you might find yourself investing in a home that you simply are not able to afford today

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