How To Cure Your Potential Buyer’s Remorse Have you ever purchased something that you regretted ever buying? If you have, you know how the negative decision can weigh on your mind for a long time. You know if you’ve purchased a CD or book you didn’t want, you could just sell it again online with minimal loss. Unfortunately, the same can’t be said for purchasing a home.
Instead of having buyer’s remorse after purchasing your home, why not try and prevent it? After all, taking preventative care is much easier than worrying about the after effects.
If this is the first time you have ever even thought about buying a home, get out a piece of paper and fold it in half. The middle of the paper can serve as the border between the pros and cons columns. It is now time for you to write down all of the reasons you believe buying a home is a good idea. On the opposite side, list the reasons you shouldn’t buy a home.
Your positives have more than likely outweighed the negatives. After all, isn’t it everyone’s dream to own a home? Save this list somewhere where you can access it easily.
Finding the perfect home is fun. You will undoubtedly come across hundreds of listings with fun ads and perfect descriptions. When you have found the perfect homes, you will want to take a look at them in person with your realtor.
The next part of the process is really fun. You get to look at every home on your list and consider how each one meets or doesn’t meet your criteria for being the perfect home. You probably by now know that no home is just right, but you still believe that the home of your dreams is just waiting for you to make that offer.
You do end up finding the perfect home and you make the offer. After a bit of heavy negotiating on your part, you sign on the dotted line. You sit down to celebrate, but something weighs heavily on your mind. Could it be buyer’s remorse?
The negative thoughts start to creep into your mind after the positive purchase of your home. Can you really afford this neighborhood? What happens if you end up losing your job? Did you really make the best decision you could? This is when anxiety, stress and insomnia seep into your life.
It is perfectly normal to respond this way to purchasing your first home. It is the single biggest decision and purchase you will ever have to make in your lifetime. It is also easy to abandon all logic and just have a panic attack after the fact.
Now is the time for you to remember the comprehensive list you made at the beginning of your purchase. It was a time in your life when you were still thinking logically and understood the steps it took to make your final decision. Slowly reviewing your list will help you overcome your buyer’s remorse and realize that you did in fact make a smart and informed decision.
This will not always completely erase your feelings of unease, but it can certainly help you cope with buyer’s remorse. So when you go to buy your house, make that list first!