7 Ways Shopping for Real Estate Is Like Applying To College

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Applying to college can be a nerve wracking experience, no matter how hard you worked or how good your grades are. There are lots of things to consider, and lots of confusing paperwork that takes time to wade through — and that’s before you’re faced with the prospect of sitting on pins and needles for months while waiting to hear whether or not you got accepted.

But once you’ve found a school to go to, you’ll never have to worry about that kind of experience again, right?

Well…not exactly. Because shopping for real estate can feel a lot like applying to college.

Here’s why:

1. You have to do your research

Whether it’s searching for the perfect college or home, there’s a lot more to getting yourself into one than just finding one you like. So learn about the process before even starting the process, even if it’s just the big things.

2. Your personal situation will determine your eligibility

Just like your grades and extracurricular activities, your financial situation and credit will determine what you qualify for.

3. Picking the best option is difficult

There are many more cities, neighborhoods, and houses than there are colleges, so picking the one that’s perfect for you will take time and consideration.

4. The waiting game can be nerve wracking

After submitting an offer, it might feel like you’re back in high school waiting to hear back from your dream school—be as patient as you can.

5. The won’t always get into your first choice

Yeah, it can sting, but at least with houses there’s a good chance another (maybe even better) one will pop on the market in a few weeks!

6. There’s probably going to be a lot of competition

You’re not the only one who wants that perfect house, just like you weren’t the only one who wanted to go to that private school in the woods. But don’t worry, just be confident and make a solid offer.

7. You should ask for advice from a professional

Trying to navigate the complexities of homebuying without an agent, is like going through the college admissions process without the help of guidance counselors. Sure, it can be done, but it’s better and easier with the help of a pro!