Sunset Beach and Beyond Realty

  • Home
  • Search Carolina Coast
    • Community News
    • Calabash
    • Carolina Shores
    • Holden Beach
    • Myrtle Beach
    • Ocean Isle Beach
    • Southport
    • Sunset Beach
  • Buyer
    • Buyers Articles
    • Homeownership
    • Testimonials
  • Sell Your Home
    • Sellers Articles
    • Listing Agents
  • Our Team
    • Designations
    • Area Lifestyles
  • Market Reports
  • Local News
    • Events
  • CONTACT
Home » What if I Have Buyer’s Remorse After a Real Estate Purchase?

What if I Have Buyer’s Remorse After a Real Estate Purchase?

May 30, 2017 by admin Leave a Comment

There may be nothing worse than having buyers remorse after spending several hundreds of thousands of dollars on a house, lot or condominium. That’s a huge chunk of change to be regretful over.What if I Have Buyer's Remorse After a Real Estate Purchase?

And there are a lot of reasons that people might have buyers wars after finalizing the purchase of the property. Perhaps small repairs now seem overwhelming or maybe the commute is longer than expected. If this is the first house you’ve ever purchased it can be an adjustment for many people.

You may have spent weeks or even months looking for the right house and finalizing all the financial details only to regret your purchase once you close. We’ve helped several homebuyers in different markets and sometimes, the pressure of just getting the house overwrites the realization that you may not get the right house. I’ve had buyers that want to keep going on a bidding war even though they may not really love the home. It’s the thrill of the chase and the competition that they like more than the actual house, which is a huge danger for the rest of the people that need to live in the house.

We really try to emphasize finding the right house, not just winning the deal. Once you get in that house and the marriage really starts, you will start to notice things that you didn’t even think about before. But what happens if you really have buyers remorse?

First of all, give it six months. You may find other things that will be more beneficial than the things that are really bothering you. Perhaps it’s a great community or good school district; maybe you love your neighbors and find new features about the house that make you fall in love with it even more. If the end of six months you still don’t love it, talk to your real estate agent about the options. It will depend on how much money you put down on the home versus the market, versus what is available out there and what it would take to sell and purchase a new home simultaneously.

Now, in order to avoid buyers remorse, there are several things you can do ahead of time before that final closing.

  • Consider a cancellation clause. In a hot seller’s market homeowners may not accept an offer that includes this but for most buyers markets, this is acceptable. It might not be commonly used but you can talk to your agent about this cancellation clause before signing an offer on a house.
  • Know what you really want and stick to it. Don’t get caught up in a bidding war. If the home is really what you want and has every feature you are looking for, go ahead and fight for it. If you’re only fighting for the sake of winning, there’s usually a better house out there.
  • Get on the same page with everybody that’s going to be living in the house. Does everybody love the house? Are there features that will appeal to everyone in the home? Do you understand the reality of things you might have to fix after you move in? I can’t tell you how many buyers think that they can do everything with the house once a move-in and chances are only about 10% of those things actually get done.
  • Stop Looking at homes even though you have found one you really like. We are interesting creatures; given hundreds of choices we can’t seem to make a decision, but given just three or four, we fill a better sense of satisfaction on making the decision. Stop giving yourself so many choices and second-guessing your first decision. Often times one of the first couple of houses people look at are the ones that they go with, but they keep looking just to see if there’s anything better out there. Don’t get caught up in that cycle.
  • Use a real estate agent that understands buyers remorse and any other issues that come up. The only way to do this is by using an experienced and seasoned real estate agent. Brand-new real estate agents have no idea all the nuances that come both before and after buying a home. Only a real estate agent that has been in the game for years can help you make a wise decision and help you make better-informed decisions throughout the process.

Give us a call if you have buyers remorse on a home you’ve already purchased or if you’d really like a skilled agent to guide you through the home buying process. We work solely within the Brunswick County area including Sunset Beach and surrounding coastal towns.

If you enjoyed this post you might like these!

  • How to Buy the Worst Home in the Best Neighborhood

  • 5 Local Things to Check When Buying a Home

  • How to Buy a House in Your 30s

  • How do I Know I’m Getting a Good Deal?

Filed Under: Buyers Tagged With: buyers agent, buyers remorse, buying, sunset beach

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

What our clients say

Ken and Linda Foltz

“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an...
Sunset Beach and Beyond Realty
2015-03-16T20:16:32+00:00
“Life will lead you to where you belong. Five years ago life led me to meeting Karen Baker at an Open House. Our relationship continues as Karen and her husband Frank have been outstanding not only in helping my husband and I find the right retirement relocation home, but we have watched their commitment in helping many others find their homes. She and Frank treat every client as if they are the only ones that exist. They provide thorough research of areas and homes of interest and present you with the options. They are not your typical hard sell, must-buy-now realtors. They are here to help you find your next home?. You won’t go wrong with the Bakers!
https://sunsetbeachandbeyond.com/testimonials/ken-and-linda-foltz/

Steve & Jean DeVito

“The Bakers treated us like family during our whirlwind weekend of looking at houses. Prior to our on-site visit to...
Sunset Beach and Beyond Realty
2015-03-16T20:17:46+00:00
“The Bakers treated us like family during our whirlwind weekend of looking at houses. Prior to our on-site visit to Sunset Beach they created a portal and populated it with properties that met our ever-evolving criteria. By time we arrived we had a good feel for what we could afford and what was available that met our criteria. The Bakers, especially Karen, were able to make sense of what we thought we were looking for and eventually matched us with a house that we ended up purchasing — Karen called it the “This is it” house and she was right. We are loving our 2nd home and appreciate how painless Karen and Frank made the process. All the paperwork was done seamlessly and quickly and the closing went off without a hitch. The Bakers do not believe in the hard sell — they gave us the knowledge we needed and the guidance we needed to make our dream a reality.”
https://sunsetbeachandbeyond.com/testimonials/steve-jean-devito/

Matt & Amy Carver

Amy and I have bought and sold four properties in the past twelve years. Both of you are the best...
Sunset Beach and Beyond Realty
2015-03-16T20:18:22+00:00
Amy and I have bought and sold four properties in the past twelve years. Both of you are the best realtors we have ever dealt with. Amy and I both felt we could trust you to look out for our interest. The level of service you provided was outstanding, from taking the trash out, helping the buyer with inspecting the irrigation system, dealing with our tenants, always being there if we needed to ask a question, providing constant updates on the market and always keeping us informed on the sale of our house. I think your next venture should be training other realtors, because both of you have mastered the art of providing excellent service. I will be sure to recommend the Frank and Karen team to anybody looking for a trust worthy, knowledgeable and top performing realtor. It was a pleasure working with both of you.”
https://sunsetbeachandbeyond.com/testimonials/matt-amy-carver/

Ernie & Carol G.

“Karen & Frank Baker are the best. They are very knowledgeable with the area & showed us many homes. When...
Sunset Beach and Beyond Realty
2015-03-16T20:18:50+00:00
“Karen & Frank Baker are the best. They are very knowledgeable with the area & showed us many homes. When we made up our minds which one we wanted, they got us the best deal on it. We were very satisfided with them. After the purchased was made & we moved in, they were still there to answer any questions or problems that we might of had. Like I said, they are the BEST.”
https://sunsetbeachandbeyond.com/testimonials/ernie-carol-g/

Dave & Rose

“Thanks again for all the time you spent with us, As overwhelming as it was, you two made it fun”
Sunset Beach and Beyond Realty
2015-03-16T20:19:23+00:00
“Thanks again for all the time you spent with us, As overwhelming as it was, you two made it fun”
https://sunsetbeachandbeyond.com/testimonials/dave-rose/
0
Sunset Beach and Beyond Realty

Search

Recent Posts

  • 8 Adventurous Things to do in Sunset Beach
  • Evaluating & Purchasing Rental Properties
  • Typical HOA Pool Rules
  • 5 Great Reasons to Live in Sunset Beach (and one con)
  • Ways To Make Moving While Expecting Easier On Moms-To-Be

Connect With Us

  • Facebook
  • LinkedIn
  • Twitter

Recent Posts

  • 8 Adventurous Things to do in Sunset Beach
  • Evaluating & Purchasing Rental Properties
  • Typical HOA Pool Rules
  • 5 Great Reasons to Live in Sunset Beach (and one con)
  • Ways To Make Moving While Expecting Easier On Moms-To-Be

Copyright © 2022 · AgentPress Pro Theme on Genesis Framework · WordPress · Log in