Properly managing your expectations is extremely important when buying a home. Being a first time buyer gives offers a slight advantage over everyone else for two reasons.
- First time buyers have little-to-no experience and therefore have minimal or low expectations. So they don’t fly off the handle when something goes wrong and are usually more willing to compromise.
- They don’t have a home to sell, so that allows for fewer things to go wrong and greater flexibility on timing for closing. The best advice is to prepare for the worst and hope for the best. For example, leaving yourself an extra couple of weeks on your lease to move out allows you to have a closing delay and not mess up your moving schedule. Scheduling your move the day of your closing and taking off work is nearly a guarantee something will get screwed up with your closing causing huge headaches. (according to the Columbus Board of Realtors, 50 percent of the transactions don’t close on time). The extra money you spend for having a cushion with your timeline, will more than pay for itself by minimizing your stress level and making your home buying experience memorable in a positive way.