Buyer’s Remorse – it exists but there are ways to avoid it all together. This is a very informative article by Dale King that goes through what buyers should Do and NOT DO in a real estate transaction to make taking ownership of your new home as smooth and enjoyable as possible. Click the link to the full article for more detailed information on Dos and Don’ts.
Four Dos and Don’ts to Avoid Buyer’s Remorse Written by Dale King on Thursday, 16 January 2014 11:37 am
It’s a hot June night in 1996. I’d just endured a very long day of walk through, closing on, cleaning and moving possessions into our second home yet couldn’t sleep. After an hour of staring at my new bedroom ceiling, I glanced over at The Queen, who was out cold. Turning back to the now very familiar ceiling, I wondered “What have I done???”
Two people, same experience, in the same place. What differentiates the characters? Perspective. The Queen saw what our century plus old farm house on the pond could be. Yours truly saw decades of blood, sweat and tears. Eighteen years and four kids later, it turns out we were both right and both still enjoy our home knowing we made the right decision.
Buyer’s remorse on a major purchase such as a home is a natural, normal thing. After a decade in the business, here’s some of what I’ve learned about what a buyer should and shouldn’t do to avoid it.
- Establish Wants vs Needs
- Sure of Good Location
- Take a Second look
- Sleep on It
- Use the Right Agent
- Feel the Need to Beat the Other Guy
- Ask Family or Friends What They Think
- Look at Other Homes Once Under Contract