There has been a relatively new phenomenon in the home buying market that is all too familiar to anyone who has ever purchased a car. As you drive your new steed off the lot you know that the value just fell by half, which has always been the way of the car-buying world. But what happens when you buy your new home, after spending countless hours researching and going to open houses?
It used to be that you just had a good feeling that you had invested in bricks and mortar (or timber and plaster). Since the debacle of the market collapse of 2007, if you have dared to buy, you may have been aware that the neighbor’s home sold for $20,000 less, weeks after you closed on your new home.
Homebuyers’ Remedy For Remorse
Well, that is an uncomfortable moment; you have the overwhelming sensation of being overcommitted for the next thirty years. An experience you can handle for a nice ride that you will be happily driving for the next ten years but financed over five years. When the sums involved are ten times higher and six times longer it can lead to intensive buyer’s remorse.
The best way to address this angst is to keep going to a few open houses in the weeks following your purchase. You will have the opportunity to speak with the seller’s agent who will be able to reassure you with knowledge that will likely confirm your realtor led you to the right choice. Many of the viewers at open houses are sellers rather than buyers who want to know what’s going on in the market.
Talking to the listing agent may give you some leads to vendors and services that will help you to get settled in by updating the style of your new home. Walking around open houses will also let you see some of the trends in home design, what’s new that adds to the comfort of your home and the latest in color schemes and furnishings.
If there are some appealing final touches, very likely the listing agent will have been involved in the choices and they will be able to offer tips beyond what you see in the home you are viewing.
Hold On Tight And Visit Open Houses
Making a big commitment to a home is an overwhelming experience; there is bound to be a settling in period as you and your family become accustomed to the new environment. That is why it is the time when you are most sensitive to rumors and financial pressures. Besides that house that looks like yours down the street, which just sold for less may be structurally distressed or some sort of forced sale such as a foreclosure.
These are the things that a listing agent at a nearby open house is going to be familiar with. Keep going to local open houses to learn more about the market and the community and it will help to break the ice and get past those remorseful buyers blues.