If you need assistance, please call 858-345-9040

Home Buying - How To Avoid Home Buyers Remorse

Monday, January 29, 2018   /   by Sean Zanganeh

Home Buying - How To Avoid Home Buyers Remorse

How To Avoid Home Buyers RemorseBuying a home is one of the biggest investments you'll make, and many times new buyers worry that they'll make a wrong decision and then be sorry when it is too late to change it. What if I paid too much for the house? What if the neighborhood isn't what I thought it was? What if I lose my job and can't pay the mortgage? What if I hate my neighbors? What if a better house becomes available next week/month/year?

What-if? What-if? What-if?

Second-guessing is normal

First, you need to know that questioning your own decisions is normal. Hundreds of doubts and fears can run through your mind as you come up to the closing period during your home-buying experience. We know this expression of fear as "home buyers remorse." Some people have home buyers remorse when they buy shoes, or a television, or that outfit they saw in the window. Other folks have buyer's remorse when they purchase a car. So, if you experience home buyers remorse for smaller purchases, expect the feeling magnify when purchasing something larger … like a car … or a house!


The grass is always greener

If your uncertainty is rooted in the idea that something better may come along next week or next month, you may never find a home to purchase. In actuality, if you create a list of your wants and needs, we can review it with you and help you find the home that fits the most important things on your list. When the uncertainty strikes, we'll be able to review that list together to help allay your fears by reconnecting you with the reasons you chose this house in the first place. Analyzing both what you fear and what you want can help you sort through the feelings, thoughts and even doubts you're having about moving forward.

Ways to avoid triggering home buyers remorse

Sometimes, buyers set themselves up for experiencing doubts by falling into one of these scenarios:

  • Choosing or staying with a real estate agent that does not offer guidance through the process. We answer your questions, walk you through the paperwork, explain the complete process, work out the timeline and myriad other things that help you know what to expect as your home closes. You should feel free to call your agent whenever you have concerns. It's our job to handle those for you.

  • Talking to family or friends. Of course they mean well, but sometimes family and friends can cause unnecessary doubts to creep in when they question the location, the price you're paying for your home, the schools nearby, the type of loan you've chosen or any of a dozen other things. Unless they are professionals in the market you've chosen, their advice may be useful, but incomplete. So, take their questions to your real estate professional. We can address them based on the current market and location of the home you're purchasing so you can buy with confidence.

  • Keeping your options open. When you've made an offer on a home, unless there is a real chance that it will fall through (because of seller demands, loans not approved, low appraisal, problems uncovered by inspections, etc.) you should stop looking at other properties to purchase. Continuing to look is like continuing to date others after announcing your engagement.


Dealing with home buyers remorse?

The best way to handle feelings of home buyers remorse is to talk with your real estate professional. We can address your concerns and answer your questions. Finally, if we determine together that this isn't the home for you after all, and we can work out the details of cancelling your contract and looking for the right home where you and your family will be happy.

Compliments of Virtual Results
My San Diego Dream Home
Sean Zanganeh
12750 High Bluff Dr, Suite 300
San Diego, CA 92130
CA DRE# #01851910

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived are protected by copyright. Compilation © 2023 San Diego MLS.
This site powered by CINC: www.cincpro.com