My buyer had just put in an offer on a home and immediately began to
signs of Buyers remorse. She questioned what she had offered on the
repairs now and future that may have to be done. She questioned
everything including the location. I made another appointment for the
next day to go out to view the property to calm her nerves before we
countered. She brought her whole family including a relative that had
been in the building business. We looked over the house from top to
bottom. Her relative gave it a thumbs up on the maintenance. I took her
by a property down the street that was almost identical that had just
recently sold for more then what her sellers had their property priced,
thinking that it would support the value of her possible new home
purchase. She was still scared she admitted while we drove back to her
car. She asked, is their such thing as buyers remorse? I told her yes.
She said how often. I told her almost always. Buying a house is the
largest single purchase an individual will make and it is scarey. I
asked her to look at the value and asked
her to remember the comparable property down the street and
what it sold for. I asked her To remember all of the other properties
she had viewed and this one is the one that she said felt like home and
had all of the major wants in a property including the new Geothermal
system just put in last year. She sighed and said well I'm
scared and I admit it. She did put in another offer that day but the
doubts of whether she was doing the right thing was very real and could
of kept her from moving forward and obtaining her dream.
It helps Buyers to make a list of pros and cons
about a property after a purchase so they can remember why they wanted
to purchase in the first place. What are the advantages and disadvantages of owning real estate.
What was their motivation in the first place? They should keep this
list close so when they do sign a contract they can Read and reread
through the buying process all the way to close to remind them of why
they are buying a property in the first place. It does help.