Buyer's Remorse - Did You Make a Huge Mistake?

When you were in hot pursuit of the "American Dream" you were excited about the future and owning your own home -- researching neighborhoods, searching MLS sites on the internet, viewing homebuyer's magazines full of appealing homes that were just "minutes from the beach" with "fantastic views" and "cozy family rooms."

Next came the really good stuff looking at houses. Full of imagination and optimism for the future, you wandered about each home envisioning a happy and contented life for you and your family. The first house might have been "too big," and another was "too small," but finally you found one and you were lucky enough to put it into contract.

So you made an offer, maybe several offers, and waited anxiously and excitedly for the counter-offer. Finally, you and the seller agreed on terms and you bought yourself your new home!

Congratulations! Break out the champagne and celebrate!

However; in being "human"...

Later that night or perhaps the next day, you started re-thinking or maybe even worrying.

Did you make the right decision? Can you afford it? Is it the right time? Should you have waited? What if you lose your job? What if this happens? What if that happens? What if?...What if?...Anxiety and stress set in. Sleep may be hours in coming.

This is a normal reaction to buying a home. It is called "Buyer's Remorse."

This is what you do...First I would call me...925-200-3908 and/or if it's real late you might try this...but if I'm available, let's both do it. we don't want to miss a consideration.

Take out a pen and paper right now and draw a line down the center of the paper. "Calmly and logically", think of all possible advantages to buying a home and write them down on one side of the page. Afterwards, you should list all the disadvantages on the other side of the paper. While doing this...think of your "goals"

This process is supposedly how Ben Franklin used to weigh tough decisions.

After you get done writing your lists, you may think back on your anxiety and think you were being silly. After all, buying a home is obviously a good decision. Your list proves it. But your reaction was normal and shared by many. You see, buying a home is not entirely a rational process. It is an emotional process, too.

You will not be totally stress-free, but it will help. Always feel free to contact Riley direct. There are many many things to think about, and having "all" and "accurate" information is always important.

Here are some links at that you may wish to access. Links will open to a new window.
 Mortage Calculator
 Rent vs Buy Calculator
 Mortgage Tax Savings
 Buyer Information
 Buy or Rent Questions and Answers
 California Home Buying   Maybe the best Buyer's page on the site
 Buyer & Seller Information
 More Buyer & Seller Information
 Web Site Search Engine
 
Believe it or Not, there is a thing called, "Seller's Remorse". "Did I, the Seller, sell my home to quick, to low, is the buyer "real", is the buyer trustworthy, will the buyer really qualify for the loan or will there be a hitch in the financing, will the deal close on time, now can I commit/buy my future home, where am I going to live, school issues, health issues, family/childred issues...etc, etc, etc...THIS IS ALL NORMAL...people all work through it..."one step at a time".

Always feel free to contact Riley...Click Here or call 925-200-3908