What to Do if You Don’t Get the House: Preparing for Rejection and Your Continued Search
Fueled by several factors, including the pandemic, the housing market in Asheville has become super competitive. Homes are selling after barely being on the market and for well over the asking price. Some potential buyers find themselves in the middle of a bidding war, and any time there’s a war, there will be winners and losers. What happens if you lose the bid on your next house? Here is our guide for how to be prepared for rejection and moving forward in your housing search.
Get Prequalified
We say it a lot, but that’s because it’s essential. Before you even start looking for your next home, talk to an independent mortgage lender to get preapproved. While this may not save you from the heartbreak of losing out on your dream home, it will give you a better chance of moving on quickly to find another perfect home.
Setting Yourself up for Success
Along with talking to a proven mortgage lender such as GoPrime in West Asheville, you should also surround yourself with other trusted professionals. Finding the right real estate agent will be vital in finding your next home. Talk to someone who understands the power of negotiation and how to tell your story to the seller. These things can make all the difference.
GoPrime is happy to connect you with the network of agents we’ve worked with in Asheville — ask us today.
Prepare for the Emotional Process
Buying a home isn’t just about the financial aspect. It’s also a very emotional process. Especially right now when people are buying homes sight unseen. It’s crucial right now to prepare emotionally in any way that makes the most sense for you. A few things to try include:
- Mindfulness meditation
- The Calm App
- Talk to a trusted loved one
- Talk with a professional
- Utilize websites such as BetterHelp and Talkspace
Know that it is okay to lean on others for support during this time.
Don’t Take it Personally
What happens next? What if you’ve made an offer, even over the asking price, and still didn’t get the house? Know that you can do everything right in today’s market and still not be able to buy the home you want. The most important thing you can do is not take it personally. Sure, take a few days to feel the sorrow of the missed opportunity, but once you dust yourself off, you can start again. You never know; the right house may be just around the corner.
Do you want to know more ways to be prepared to buy a home in Asheville? Call the team at GoPrime Mortgage in West Asheville today.
Do you want to understand the mortgage process better and get preapproved for your next home purchase? Call the team at GoPrime Mortgage today. GoPrime Mortgage in West Asheville is here to help. Call us today at 828-348-1907 – GoPrime Mortgage in West Asheville.
