Real estate professionals see it all the time.
Jittery buyers bolt before they sign on the dotted line. Others walk away after an offer is made. The National Association of Realtors reports more than 10 percent of real estate transactions fail and buyer’s remorse is often a factor when deals fall through. For some, it boils down to money. most buyers often “feel guilty about wanting things” and they feel guilty about spending the money on things like a house, also it may be money they really don’t have or more than they spent before. The consequences of buyer’s remorse aren’t just emotional. When buyers walk away from transactions after a formal offer is made, they may lose earnest monies or expose themselves to lawsuits.
Homeowners can avoid second-guessing themselves if they are diligent and patient in their search for housing.
1. Don’t jump at the first thing, your Realtor will advise you to look at the comparatives.
2. Your agent might also counsel you to consider not only aesthetics and financing, but also length of commute, tolerance for yard work and area amenities.
Other tips:
1. Hire an interior designer to help you adapt your sense of style to your new space.
2. Jot down impressions of homes you may consider buying, making a list of pros and cons.
3. Take the initiative to meet your new neighbors. Offer a welcome gift in
reverse such as a bouquet of flowers from your new garden.
4. Say the proper goodbye to your former home. Remind yourself what was good about living there — and why you’re moving.
5. Get to know the neighborhood. Visit the shops and stores nearest your new home, and say hello to the owners.
Your Realtor will have other ideas to help you consider All the Angles.
Folsom Luxury Homes and Land Specialist
Our motto is to always “Do the Right Thing”, starting with providing premier executive real estate service to buyers and sellers of Folsom, Granite Bay, and El Dorado Hills luxury homes and land. Find your dream home today.
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