Avoid Home Buyer's Remorse

Avoid Home Buyer’s Remorse

Buying a home can be an emotional roller coaster which is why it's so easy to make mistakes. Here are a few common buyer blunders to be aware of:

 

1. Not Thinking Ahead - If you’re hoping to start a family in your new home one day, it pays to consider features like local parks and school zones.
    
2. Buying a Home that's too Expensive - Buyers who overextend themselves are often forced to sell at a loss. Avoid temptation by only viewing homes that are in your price range.
    
3. Bad Location, Bad Location, Bad Location - Determining the location that best suits your lifestyle is critical so consider proximity to public transit, schools and other amenities.
    
4. Choosing the Wrong Home - Make a list of all the features that are essential to you. It's easy to be taken in by curb appeal, but walk away if it lacks anything that you’re unable to live without.

    
5. Uninspected Circumstances - Just because a house looks solid doesn't mean all is well behind the scenes. Making an offer conditional on a home inspection will help eliminate any regrets.
    
6. Acting too Slowly - The home you fall in love with could be gone tomorrow if you wait too long. Do your research ahead of time so you'll have the confidence to act swiftly when the time comes.
    
7. Not Using an Agent - It's important to have an agent to help you make crucial decisions, negotiate the offer and explain the conditions in order to have a positive experience and avoid buyer’s remorse.

Buying a home can be an extremely emotional process so it's important to stay grounded in order to avoid errors that could cause regret. If you conduct your research ahead of time and are well aware of your wants and needs you'll be able to move forward with confidence and peace of mind. If you ever have any questions about real estate, please don’t hesitate to get in touch.