Home Buyer's Remorse
So now you have bought your first home, you loved it when you signed the contract to purchase it, but you're having second thoughts as to if you made the right decision. There are many questions going through your mind, did you make the right choice, what if you lose your job? Doubts start creeping in, making you uncertain of your choice in purchasing a home. These are symptoms of Buyer’s Remorse and the best way to get over these feelings is to analyze these facts:
1. Go over your wish list, does the home include the most important things you need.
2. What qualities about the house you loved that made it stand out from the others.
3. Was it a poor choice or would you be nervous buying any house?
Buying a house is the most expensive thing most of us will ever purchase and we want to be sure we have made the right decision. Not may things in life are certain, and we sometimes tend to put a lot of emphasis on the negatives instead of the positives even more whenever we make important decisions. Talk with your Realtor about any doubts you may have, it is their job to help you.
There are times however when you concerns will be valid and you want to back out of the contract but these circumstances should be under conditions beyond your control such as the inability to secure a mortgage or the home inspection uncovered more repair issues than you are willing to take on.
These issues should be resolved before you finalize the deal. The best thing is to recognize that home buyer's remorse is a common experience and knowing why this occurs can help you prepare for it ahead of time and work through it quickly if it occurs.