Buyer’s Remorse
Have you ever experienced feeling a sense of regret after you purchased something? You may have experienced this feeling a few times or more in your life, it may be a small thing that you can let slide after sometime but what if you felt buyer’s remorse after buying… let’s say a house? That would be a nightmare, a big financial mistake, something you wouldn’t wish to happen.
The good thing is you can avoid buyer’s remorse. With so many details in the buying process it is not surprising you can overlook some things, figuring out the important areas you should pay attention to will keep you away from making an expensive mistake.
When finding your next home, you should consider many things. Are you buying for resale value or for lifestyle? You must also consider if the home you choose will adapt to your life changes and if it fits your criteria and your family’s real estate needs. Create a wants and needs list before you decide to buy a home and review it. A house is one of the most expensive things you will buy in your life and you have to make sure that the house you’re going to buy is the right one for you.
Read more: Things to consider when finding the right home
How to avoid buyer’s remorse
Buyer’s remorse normally kicks in when you still look at other houses when your chosen house is already under contract. You will find remorse especially if you found a better house. What you need to do is stop looking at houses when you’ve made a choice. Only look at other homes for sale if you feel like your contract is going to fall apart.
Discussing the home you choose with your relatives and friends can also start that feeling especially if they are against your choice. But don’t be swayed. You alone know your real estate needs. In searching the home of your choice you have done your research and you are more familiar with the market and current prices than them.
If you’re in the closing process and if you have questions, reach out to your agent. Unanswered questions can lead to panic and panic leads to doubt. Contact your agent, they should guide you through the process.
If you are experiencing your own doubts, remember that staying positive will help. It is normal to become uncertain especially if it is an important commitment but if you stay positive it will give you a feeling that you’re in control.
Last thing; understand that a home buyer’s remorse is common. You are more prepared to handle it if you are already aware why it happens and deal with it before it sets in.
Read more: 5 Blunders First-time Home Buyers Should Avoid
Looking to buy? Are you a first time home buyer? We can help! The J Michael Manley Team go above and beyond to help you find the perfect home, from searching the right property that meets your real estate needs until you finally sign the deal. We will walk you through the process and make sure that you get the best deal possible. Are you ready to find the right home?
Contact us or Call us at 864-881-1258
