6 Ways You Can Avoid Homebuyer’s Remorse

avoid homebuyer's remorseThe house hunting process is undoubtedly an emotional experience. A house is the most expensive purchase you will probably ever make, so it’s understandable to feel a wide range of emotions – and to question yourself during the entire process. After purchasing what you initially felt was the home of your dreams, you may come to regret signing your name on the dotted line. A barrage of “what ifs” creep into your mind: What if you jumped too quickly and your true dream home pops up on the market next week? What if you paid too much? What if I made the wrong choice?

It happens to the best of us. In fact, according to a recent study from Trulia, about 51% of homebuyers experience the phenomenon known as homebuyer’s remorse. This doesn’t mean you’re doomed to regret your next house choice. Follow these 6 handy tips to help you avoid homebuyer’s remorse!

Revisit Your List of Wants and Needs Frequently

It can be easy to get distracted and fall in love with a high-end home that’s out of your price range – or the opposite: settling for a home that “sort of” works. Center yourself during the house hunting process and keep your needs and wants in mind. Is the home in the right location and neighborhood? Is it the right size and within your price range? What will your daily commute look like? Make sure that the house you’re thinking of buying matches your needs and hopefully some of your wants as well!

Take Multiple Tours of the House

If you’re only seeing the house once before buying it, you’ll more than likely experience buyer’s remorse. Avoid it by requesting a few additional viewings so you can see it more objectively. If possible, view it at different times of the day to gain a stronger perspective of what your future home might look like. Definitely tour the home privately at least once – you’ll feel much less rushed, which can help you evaluate the home with a clearer mind.

Stop Looking at Other Houses

We understand – sometimes it can be fun to look at listings online and imagine your life within those walls. But if you’re under contract to buy a home and you’re still checking out the newest houses to hit the market, you could be setting yourself up for homebuyer’s remorse. Once you’ve chosen your home, unsubscribe from email alerts and delete the listing apps from your phone. Remember, the grass is always greener on the other side!

Do Your Due Diligence

Before you make an offer, you’ll want to investigate any disclosures available. Find out if there have been any previous inspections or additional reports you haven’t seen yet. Ensure that you’re getting all of the details about the property and its past before you make your decision. If you’re too busy to review the information, you probably shouldn’t make an offer.

Refrain from Nitpicking Your Home

No home is perfect. You will always find something “wrong” with the house, no matter how much you work to fix it to your liking. Instead of constantly finding faults with your new home after you purchase it, change your mindset and focus on the parts you absolutely love about it! That morning light in the library, the enchanting window seat, the cozy nook by the fireplace where you read all your favorite thrillers – start listing off everything you love to remind yourself why you bought it in the first place!

Listen to Others, But Trust Your Gut

It’s always nice to consider the opinion of others, especially if they are a trusted source. But sometimes, family and friends can have the opposite effect and cause you to question your choice. If you know deep down that this is the home for you – even if your mother feels it’s setup leaves something to be desired – then trust yourself! Do, however, rely on your real estate agent for input. If he or she tries to steer you away from a home that truly doesn’t fit your needs and wants, that’s a sign of a good agent looking out for your best interests.

Of course, sometimes your concerns may be valid and you’ll need to back out of your offer. If there are issues with the title, if the seller won’t handle your requested repairs, if the house doesn’t appraise out, or if the inspection reveals some concerning issues, you might want to reconsider your offer!

A good real estate agent will help you find the right home for you. The Massey Team at Berkshire Hathaway HomeServices Elite Properties is dedicated to listening to your needs, wants, and concerns and works tirelessly to match you with the home of your dreams. Avoid homebuyer’s remorse by relying on us! Call us today at (618) 791-5024 or (618) 791-9298 or view our listings online to get started!

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