When you buy something expensive, like a house, you're usually both excited and nervous. For many people, once they've signed their name on the dotted line, some level of anxiety sets in, otherwise known as buyer's remorse.

You might have a case of buyer's remorse if ...

  • You wonder if you selected the right house
  • You think that maybe you could have gotten a better dealremorse
  • You're worried that you can't afford it (even though you have discussed it thoroughly with your lender and the monthly payment is well within your comfort range)
  • You take comments to heart by friends and family questioning your judgment

Buyer's remorse is stressful, but shouldn't stop you from your home purchase. If you have done due diligence in understanding the home buying process, have saved some money for expenses associated with buying a home, are working with a trusted Realtor and lender, and the home you've purchased meets your most important criteria and fits your budget, your concerns may be unfounded and a simple case of buyer's remorse.

If you start having any of the symptoms above, discuss it with your Realtor and lender. They can help you determine whether you have a valid concern or just cold feet. 

 

 
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4 Comments on Watch out for Buyers’ Remorse

JUN
25
321,392 Points Outside Blog

Hi Colleen

This is an important part of our business to understand.

Good luck and success.

Lou Ludwig

1:13pm • #1
155,308 Points 1 Featured Post

I tell my buyers...especially the first time buyers....that they can call me with any concerns. While we are in the transaction, I'm the only other person who knows all that is going on and can sympathize with them and their fears. And if they are real or huge....we walk away. Lack of control is the main fear.

1:33pm • #2
168,285 Points 12 Featured Posts Outside Blog

Colleen, good advice. Buyers' remorse can cause nervous buyers to walk away from a good deal, but a good coach on the sidelines can help allay their fears by providing answers to their concerns.

2:18pm • #3
JUN
29
214,451 Points 8 Featured Posts Outside Blog

Great advice Colleen. Buyers' remorse is something that we see in all market cycles and your explanation is great.

5:34pm • #4

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Colleen McConnell, Tallahassee Realtor

Tallahassee, FL

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Advanced Realty Group

Address: 2344 Centerville Road, suite 105, Tallahassee, Fl, 32308

Office Phone: (850) 894-3944

Cell Phone: (850) 445-4673

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