Resources
Thinking
Ahead About "Buyer's Remorse"
If you are thinking of buying your first home, you should take out a pen and paper
right now and draw a line down the center of the paper. Calmly and logically,
think of all possible advantages to buying a home and write them down on one side
of the page. On the other side of the line, list all the disadvantages.
Save the list in a place you will be certain to remember.
Sound silly?
Of course it sounds silly! Who needs to write down their reasons for buying a
home? After all, home ownership is the central theme to living the "American
Dream."
Naturally, while in hot pursuit of this dream, you are going to be excited about
the future -- researching neighborhoods, searching MLS sites on the internet,
viewing homebuyer's magazines full of appealing homes that are just "minutes
from the beach" with "fantastic views" and "cozy family rooms."
Then comes the really good stuff: looking at houses. You wander about each home
envisioning a happy and contented life for you and your family. The first house
may be "too big," and another may be "too small," but you
are certain to find one that seems "just right." So you make an offer
and wait anxiously and excitedly for the counter-offer. Finally, you and the seller
agree on terms and you have bought yourself a brand new home!
Congratulations! Break out the champagne and celebrate!
However, later that night or perhaps the next day, you start to worry about whether
you made the right decision. Doubtful thoughts will intrude. Can you afford it?
Is it the right time? Should you have waited? What if you lose your job? What
if this happens? What if that happens? Anxiety and stress set in; sleep may be
hours in coming.
This is a normal response to buying a home and is called "Buyer's Remorse."
You have just made the single biggest purchase you will ever made in your life
and it can be downright scary. Logic deserts you; worry takes over.
Remember your list?
Back when you were thinking semi-logically, you were fairly rational about home
ownership. You catalogued the good and the bad, weighed them against each other,
and decided that buying a home was the smart thing to do. Reviewing the list will
help resolve your buyerís remorse.
You will not be totally stress-free, but it will help.
In spite of this advice, you will probably not take the time to make that list
now, before you buy a home. Hardly anyone ever does.
So when buyer's remorse sets in and you remember reading this, here is what you
do -- get a piece of paper and draw a line down the center. Then--
You know the rest. |
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your Real Estate Specialist, our job is to help you..... help you find a
home that meets your lifestyle, location and budget requirements within
the time frame that you need to purchase and occupy the home. 
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