By Jennifer Lynn Walker

Stress is one of the biggest issues that plagues people during the real estate buying and selling process

Problems with a house, irregularities with the certificate of location, money issues, fear of not finding the right home, not being sure where to start, the feeling of being crunched for time…the list of stressors that build up can go on and on.

Most problems need solutions — that’s all. But stress is much harder to identify and can cause damage if it’s not called out and cared for.

Ask any real estate broker and they can tell you stories of breakdowns, fights between couples, fights between buyers and sellers, and sellers who threaten not to sell or verbally attack the agent when they are offended by advice.

But even more seriously, stress can cause you to be prone to making bad decisions or becoming stuck and afraid to move forward.

So when you enter the buying or selling process keep the following tips in mind to help keep your stress from rising to an unproductive or unhealthy level.

Stress Reducing Tips from a Pro

  • Get proper sleep, eat healthily, exercise, walk in nature, laugh, meditate, and let go of the things you can’t control.
  • Trust that your real estate broker is an educated expert who can and will guide you every step of the way.
  • Don’t be afraid to speak up and give your opinion.
  • Know that when you are buying, the house picks you and not the other way around. You’ll know when you see it.
  • Understand that problems are challenges with solutions.
  • Get a second opinion…there are many resources out there.
  • If you need more information ASK: no question is a stupid question.

 

Mistakes can cost us a lot of time and money, which in turn, can give us a lot of stress. Here are The 8 Biggest Mistakes Real Estate Buyers Make.

Keep in mind that buying or selling a home is naturally a time of high stress. You aren’t going crazy and your circumstances will settle down again after the process is over. Take good care of yourself in the meantime.

What To Look For When Buying a Condo

What To Look For When Buying a Condo

Well it’s no surprise that the condo market is not doing all that great for sellers. Over the last year the statistics show a decline in sale volume and price. Average days to sell a condo is now 123 days, compared to 90 days in 2009. The construction of condos are still going strong and there aren’t enough buyers to go around. In NDG/CDN alone there are about 950 condos for sale, and since January 2015, there were only 435 sales in those areas. Which means it took 6 months to sell 1/2 the product on the market. And this area is one of the lucky ones.

So what to do?

Buying real estate is a great investment. 12 years ago after reading “Rich Dad, Poor Dad” by Robert Kiyosake, convinced me that I wanted to get into real estate. I got my license and also bought my first property. Since then, with the real estate I own, my equity grew from 50,000$ to $300,000. Whether it be a house, condo or plex, buying the right one make a difference to your pocket book.

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