Combat Buyer's Remorse
You just got the call—your offer’s been accepted and you’re going to be a homeowner! So why do you feel like driving off a cliff ala Thelma and Louise?
It’s called buyer’s remorse, and it’s as universal as the common cold. But statistics show 74 percent of first-time buyers and 67 percent of repeat buyers say they like their new home better than their previous residence.
So when buyer’s remorse hits, review this list to remind yourself why you wanted to buy a house in the first place.
Renting: l No tax benefit l No investment in or from the property l No equity l Rent payment can increase l Possibility of eviction
Buying: l Greater stability l Usually good investment l Equity builds l First home often leads to better home l Greater individuality in décor/space arrangement l Sense of security.
Another way to avoid buyer's remorse: becoming educated about the entire buying process before shopping for a new home. I would be happy to meet and explain all the twists and turns involved with buying a new home so you are comfortable with your decision. Just call when you are ready to meet.