The Hardest Part About Buying A Home

Buying a home can be tough. It’s likely the most expensive thing you’ll ever buy, for one. And they’re finicky. No one house is alike.

Same goes for sellers. Some of them are super cool and would love to see someone like you living large in their house after they’ve moved on. Others, only care about making bank and trying to get one over on you.

It’s more than all that, though. To avoid the worst stress you may ever experience, let’s go over the hardest part about buying a home!

"There's nothing in here except more boxes..."

The Hardest Part About Buying A Home

1) Finding The Right Home

According to the National Association of REALTORS®, 60% of home buyers aged 29-38 felt that finding the right property was the hardest part about buying a home.

Two-thirds of all age groups polled felt regret in some way after purchasing their home, usually due to a compromise they felt they made.

Don’t just end up with a home you don’t love out of exhaustion. 

The key here is finding the right home, first. Home buying regret is a very costly problem.

With the internet, searching for houses couldn’t be easier. However, finding your house may actually be harder. It’s like deciding what to watch on Netflix when there are so. many. choices.

The solution is guided search. With Internet Data Exchange (IDX) technology, you’re able to search all available homes on the market. You can filter your search by anything you want, or don’t want. You can share your favorite homes with friends and family.

Most importantly, we’ll be working together searching for homes, honing in one the perfect one.

Home Search and Chill.


2) Agreeing On The "Right" Home

The hardest part about finding a home comes in stages.

The first stage is having the ideal home in your mind.

The second stage is discovering it is out of your price range, not for sale, too far away from work, is conveniently located right next to a landfill, etc.

Regardless of what your ideal home is, a big problem that often comes up is your ideal isn’t shared with whomever you might be living there with.

Make sure to discuss what you want in a home with your partner early on.

Also, the search for the “right” home is a fluid process. It’s going to be subject to plenty of change as we learn more about what is out there.

Keep communicating about what you want and don’t want, until we find it.

Not as fun as it looks.

3) Multiple Offers

DFW has low housing inventory.

Sometimes the hardest part about buying a home isn’t finding it, it’s getting it.

That means there are too few homes and too many people needing a place to live.

That means there are more buyers than sellers.

That gives sellers the advantage, meaning it’s a Seller’s Market.

It can be very stressful and disappointing when you find a house that you absolutely love. You start imagining how your furniture looks inside. You imagine your children playing in the room.

Then you find out that 12 other people feel the same way as you, and they’ve all made offers.

It’s a good idea to try and stay detached emotionally from homes until at least you get an offer accepted. Your Realtor will guide you in keeping your expectations managed, while at the same time being your shark in the water to get you the house you really want.

I’m totally just going to brag right now. Once I had a buyer make an offer on a home that had 12 offers already. We got them the home. Yeah…I didn’t make that “12” number up!

Click here for some perspective about why being in a competitive marketplace may be a good thing.

4) Option Period Panic

Personal story time:

When we bought our first home in 2018, I nearly completely lost it.

I know, I’m a Realtor. Usually I am cool as a cucumber, but when it came to my own house, all professionalism went completely out the window.

The Option Period is a time negotiated between buyer and seller, usually around seven days when, after an offer has been accepted, the buyer is allowed to inspect the property and decide whether or not to really go through with the purchase.

It’s called the Option Period because it gives the buyer the Option to buy the house, or not.

The Option Period also has an end. As those seven-ish days tick by, the pressure builds.

“What if the foundation has a problem? What if the neighbors are psycho? What if there are ghosts in the house?”

Your Realtor will stay on top of all deadlines and help you manage stress and keep you firmly within reality.

"Why is this clock stuck at 'eight?' It's worthless!"
"The Zax. "Copyright Dr. Seuss. (Okay everyone knows it's from Dr. Seuss.)

5) Negotiating

Negotiation. It ain’t for everyone.

Though everyone needs to do it at certain points in their lives.

I am a negotiator. It is one of the many hats a Realtor must wear.

I believe it to be the most important one.

Negotiation is a part of life. In fact, we do it every day. With our friends, with our co-workers, with our bosses, with our spouses, with our children.

The key to negotiation, I have found, isn’t being tough and bluffing and trying to take advantage of the other side. That just makes things difficult.

The way to get the best deals is opposite of what most people believe.

Great negotiators are honest, open, communicative and patient. But they are also firm, and never give ground.

6) Underwriting

You’ve found the house of your dreams.

The seller has accepted your offer over the 1,293 (approximately) other offers*.

You’ve negotiated repairs and upgrades. Everything is ready and set.

Not so fast! Your lending company is still plugging away during the underwriting phase.

If you think Facebook is creepy, just wait until you get a mortgage.

The underwriter is a different person from your lender, the Residential Mortgage Loan Officer (RMLO).

Underwriters are like dwarves or mole men who live deep underground and work 20 hour days in pitch black caves where no one is allowed in or out.

You cannot talk to them. You cannot contact them.

Even your lender cannot tell them what to do.

The underwriter’s job is to make sure that the lending company isn’t getting screwed by loaning you money.

They’re going to ask you (via your RMLO) for your tax documents, bank statements, etc.

Provide them with everything they ask for.

During this process, it is IMPERATIVE that you keep your finances more or less the same. Of course, you can go about your daily life and expenditures. But buying a car or a boat, opening a new line of credit, etc will affect your credit and/or debt-to-income ratio to the point of possibly tanking the entire home purchase.

*This is not always a matter of offering the most money. I’ll have a blog post about this soon. (Also I did make up the “1,293” figure.)

Give this man whatever he asks for.
Don't do this.

7) Pulling The Trigger

Just kidding. This is the easiest part.

That doesn’t mean it doesn’t come with a lot of stress. This is the moment!

I’ll have a blog post coming soon about the entire closing process, just so you know what is to be expected.

It’s really a breeze, though. You just may have sore wrists afterwards from all that signature signin’.

Now go enjoy your new home!!!


Are you or have you ever been a homeowner? What was the hardest part about buying a home for you? Leave a reply below!

One Comment

  • I found your blog post on the hardest part about buying a home to be both insightful and relatable. The emotional aspect of the home-buying process is often underestimated, and you’ve done a great job shedding light on the various challenges that first-time buyers face. From managing expectations and dealing with financial considerations to navigating the overwhelming amount of information available, it’s clear that there are significant hurdles to overcome. Your advice on seeking support from experienced professionals, such as real estate agents and mortgage lenders, is invaluable in alleviating some of the stress associated with this major life decision. This article serves as a helpful reminder that while buying a home can be challenging, it’s ultimately a rewarding and worthwhile endeavor.

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