Buyer's Remorse...What Am I Doing Buying Real Estate?

I see this mostly with first time buyers.  I try to derail those thoughts by telling them at the time they sign the offer that they may suddenly get a wave of uncertainty, or unwanted advice from friends and family and that this is normal and to call me instead of working themselves into a panic attack.

Seems to work for me.  

There are always benefits to buying a home - other than just current market value - and if they get it, they should buy it. No pressure tactics - it's just different way to look at it!

I don't see this too often, but I have found that when I have someone that obviously jumps in to quickly, I will take them back out to see it again.  I go over with them what the pros and cons are for them and most times we can get all the issues figured out before they sign the contracts.  When it is the right choice for them, people know it.  If it is a so so choice, it is worth helping them figure it out before they get frantic about it

Andy, as I have found out some buyers can't buy without pulling out at least a couple of times...they over analyze everything and do miss the great deals because of a parent or uncle that knows more and misguides them.  Sometimes they need the one pull back other times they just are not buyers!

Bottom line is it's just a house with generally 4 walls and a roof. Keep smilin'

Fortunately, I haven't had to deal with buyer's remorse more than once or twice in my 20+ years of being an agent. But in the kind of competitive market we are seeing now where buyers are feeling pressured to make a commitment quickly because of lack of inventory, I can see where we would encounter more buyer's remorse than in the past. It's really important to not make one's clients feel as if you are pressuring them and instead helping them understand how you are wanting to assist them in making the right decision for them long term.

Its a big decision that can be easier with education. .and that is the part real estate agents should  play. .

This "should I, shouldn't I?" happens with all big decisions; purchasing a house, marriage, kids, etc. I think it's important for the buyer/seller to remember what gave them the urge to go through with it in the first place. Logically weigh the pros and cons, make a decision and stick with it! Often when we think too deep into things, we forget what got us there in the first place.

Never really had this happen before.  If you go into as much detail as possible with buyer in setting up the search criteria, should decrease.

just wait for the moment the light bulb comes on you realize you have found your new home ....  first time homebuyer's are the worst at experiencing buyer's remorse  .... and the questions during the purchase process / phase.

Yes, there are those two types and then there are the perpetual tire kickers, just waiting on that 'steal of a deal' or who just look for the sake of looking.

It's a financial decision that becomes emotional as well. They need to keep the emotion out of it until they're run the numbers, talked about how long they plan on staying, etc. before they start house hunting and fall in love with something. Probably see more buyer's remorse in a market like this where there are multiple offer situations. On the one hand, you have the buyers that lost out and they're really sad. Then you have the buyer who won and they're instantly wondering if they paid too much since they came in first.

Buying a home is a big decision, not to be taken lightly.  And because of the pressure to buy in this sellers' market, buyers make mistakes they are going to regret.

Buying a home is one of the largest investments most folks will ever make.  That being said, some can make that decision in an instant while others feel compelled to overanalyze.  Whatever the reason, buyers need to feel comfortable with their decision to move forward.   We can help along the way, but sometimes it takes losing a house or two for some.   I don't believe that you may miss the next good one if you buy now.  Look at the opportunites you miss while you're waiting for something which may not come.  

PS - Love the photo!