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Buyer’s Remorse

Buyer’s remorse is the sinking feeling that you paid way too much for your new home. This feeling begins once you sign the purchase contract. Buyer’s remorse can be compounded by many other anxieties — that you’re getting the world’s worst mortgage, that the bottom will fall out of property values in the years after you buy a home, that you’ll lose your job and that your health will fail.

These anxieties are absolutely normal reactions to the uncertainties most of us initially experience. They will go away. If it makes you feel any better, nearly all homebuyers are traumatized by the same concerns while purchasing a home. The first step in your recovery program is to see buyer’s remorse for what it is — plain, unadulterated fear. Facts defeat fear. The faster you get the facts you need, the less you’ll suffer. By scrutinizing these hidden fears in the bright light of day, you can counter them with facts. After you’ve signed the contract to buy your dream home, you do one or more of the following:

Read ads in the real estate section of your local newspaper even more intently than you did before you signed the contract. You want to be searching for similar or nicer houses with lower asking prices.

Spend Saturday and Sunday touring open houses. Touring property is the best way to determine if your fears are valid or groundless. Reading ads isn’t enough. Pound the pavement; look for better buys than you got. After all, seeing is believing. (Speaking of seeing, you may see the remorseful sellers making the rounds of the same houses that you’re looking at, trying to find less-nice properties with bigger asking prices.)

After going through these exercises prior to closing and for a couple of months after the purchase (until you’re emotionally and physically exhausted), you’ll probably discover that your fears are groundless. There’s nothing wrong or unusual about your concerns. What is wrong is letting these fears gnaw away at you secretly instead of openly confronting them.

In conclusion, don’t beat yourself up with asking prices. A home can have more than one correct price. Pricing and negotiation are arts, not precise sciences. You can sleep soundly if the price you paid as a buyer is in line with the sale prices of comparable properties. Before you write your offer our professional real estate agents will provide you with the most current information available on comparable property values so you can feel good about your decision and get on with your life.

Properties and Locations

The homes featured on this website are located in various communities across the valley. To view more homes for sale within the Phoenix Metropolitan Area please contact us through our website or call or main office at (480) 807-0707.

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Easy Living Solutions

easylivingsolutions@gmail.com
Office: (480) 807-0707
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© Copyright 2018 Blackwell & Associates, Inc.

Equal Housing Opportunity – The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Disclaimer of Warranties and Limitation of Liabilities – The information on this website, including referenced data: (1) is provided for informational purposes only; (2) is intended for personal, noncommercial use; (3) may not be used for any purpose other than to identify prospective properties for purchasing; (4) is not intended to be used in place of a visit, consultation, or advice of a legal, real estate, or any other professional; (5) should not be treated as legal advice – all legal documents and publications cited on this website are to be used as starting points only; (6) is deemed reliable but not guaranteed – no guarantees or warranties are made as to the accuracy, timeliness, quality, correctness, completeness, or validity of the information; (7) should not be acted upon prior to being independently researched and verified with the appropriate source. (8) All measurements are estimates only. (9) The “Size” listed for each property is based on exterior measurements which include the hitch (aka “tongue”), bay windows, roof overhangs, etc. and are not to be used in calculating square footage, gross living area, livable square footage, etc. (10) All properties are subject to prior sale, change, or withdrawal.