Site Navigation
Main: 609.398.5333 Direct: 609.325.2793

How to Defeat Buyer’s Remorse

by: Jeff Quintin, on September 9, 2016 - Uncategorized

What is buyer’s remorse? How can you overcome it?

If you’re a buyer and you’re looking to buy a property, it’s natural to start thinking about all the things that are important to you in life.

One of the things I always recommend doing at this point is drawing a line down the center of a piece of paper. Then, list all the positives and negatives of the upcoming purchase. After that list is complete, put it aside and save it for later.

Everything we want is usually hiding on the other side of fear.

After you’ve started looking at properties and have found a home that meets with all your needs, let’s say you make an offer and it gets accepted. Just when you’re ready to break out the champagne and celebrate, you get a call from the mortgage company. They need a rather large deposit. That deposit amount makes you question whether you can really afford the house. In fact, it makes you question a lot of things, and not just about the house.

This is buyer’s remorse.

In the real estate market, everyone is going to get remorseful at some point. It not only affects buyers, but sellers, too. To those experiencing buyer’s remorse, I say this: get that piece of paper back out. You started this process thinking logically about what was important to you. Read over that list again and remember why it was important to you in the first place. Let all those positive thoughts come back to you.

Fear will always creep into our minds, no matter what the situation. Unfortunately, everything we always want is usually hiding on the other side of fear. That fear is our mind trying to protect us from getting hurt. That list will help you overcome that fear. It will help you break through your buyer’s remorse and understand why you made the right decision.

If you have any questions or are thinking about buying or selling a home, give us a call or send us an email. We look forward to hearing from you!