Buyers Remorse And How To Avoid The Trap

Buyers Remorse And How To Avoid The Trap

According to a recent study nearly half of home buyers experience a feeling of regret regarding some aspect of the home they purchased, commonly known as buyer's remorse. Although common, it is almost entirely avoidable with proper planning. I like to sit down with new clients and thoroughly discuss their needs, wants, and compromises before starting a serious search.  

Firstly, be honest with your categorization. Don't confuse wants with needs. e.g.  You really want an acre lot but do you really need it?

Next, Prioritize your lists.  Time is probably the most valuable asset both you and your agent have so don't waste it viewing homes that are missing features that can not be compromised. 

Let your agent be the primary selector of properties. Everyone has access to every listing through the internet. However, to give consumers access to the listings, MLS firms limit the details and search filters available directly to the consumer. Therefore, allow your agent to conduct the searches with the full power of the MLS filters to ensure the homes you spend precious time viewing best match your needs and wants.

Finally, be patient. Don't rush to buy a home that is too much of a compromise.  Homes are coming on the market all the time so be ready to jump when the right home hits the market. Alternatively, find the right community or tract and build a home that is customized to meet all of your important needs.

Want to discuss the successful home buying strategies more? Contact me directly

Michael has been assisting residential home buyers and sellers for 27 years. Countless satisfied clients have benefited from his caring, methodical approach to assisting them. He looks forward to assisting you as well.

Michael Johnson Headshot
Phone: 919-413-0495
Dated: July 17th 2017
Views: 357
About Michael: After choosing a career in real estate in 1990 I had one pressing question to answer. Do I want to b...

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