Home Buyer’s Remorse does happen but most people don’t think it’ll happen to them. You can love every aspect of the North Scottsdale home for sale that you selected as your dream home. But when it comes time to sign the contract, that’s when doubts can arise. Some home buyers wonder if they were too hasty in their decision, if they paid too much, or if they’ll be able to afford the North Scottsdale home for sale if their finances change.
Many of these questions and others can easily be answered. But others could bother you enough that you want to back out of the purchase. Unless you have a specific reason for concern, it’s probably a case of Home Buyer’s Remorse.
Since buying a North Scottsdale home for sale is such a big decision, we all want to be sure it’s the right home. Here are a few steps to determine if you have Home Buyer’s Remorse or you have a legitimate concern, forcing you to cancel the contract.
Differentiate Between Wants and Needs
First, ask yourself if the North Scottsdale home for sale has all the important things on your list. What qualities does the house have that stands out from the others? Did a lot of homes meet the needs on your list or was this the only one? Do you think you’ll find a house you’ll like better?
What Brings on Home Buyer’s Remorse?
Sometimes all it takes is talking with family and friends to have second thoughts about the home you’re buying. While they might mean well, they might question your choice because it might not be a North Scottsdale home for sale they would pick for themselves.
You can also experience remorse if you keep looking at other homes. You should stop immediately once you make an offer on a North Scottsdale home for sale unless you think there’s a good chance the deal won’t go through.
Home Buyer’s Remorse can also happen if you have a real estate agent who offers no guidance through the closing process. I can assure you that won’t happen if I’m your agent.
Even your own doubts can play a role in wondering if you’re doing the right thing. Again, buying a home is a big decision. Sometimes it’s easier to dwell on the negatives rather than positives.
When Your Concerns Are Valid
At the same time, there are times when you should back out of the deal. For one, if you can’t get financing. Another reason might be if the house doesn’t appraise at a price at or above the contract sales price. Maybe there are repair issues you don’t want to deal with that are uncovered during an inspection. Whatever the case, these are legitimate reasons to back out of a deal and do not fall under Home Buyer’s Remorse.
If you end up having Home Buyer’s Remorse, remember, you’re not alone. It’s very common. The best thing you can do is understand it and prepare for it ahead of time and have a plan to work through it.