Buying a house can be a very stressful process and not knowing the process itself can be very overwhelming especially for first time buyers. In order to be successful during home buying, you will need to know what happens before and after you place an offer. If you make an offer on a house and it gets accepted, chances are you will be overtaken by a series of emotions.
Buyer’s remorse is one of those emotions. These are emotions that occur when you submit an offer and it gets accepted, but then you start wondering whether you are making the right decision and whether you can be able to afford the house. Such emotions can cause anxiety and make you start asking yourself a lot of questions about the state of the real estate market.
When you are faced with buyer’s remorse after an offer you placed on a house is accepted, just remember that it a normal emotion that occurs during such moments. However, buying a home is a very huge purchase and therefore you have to be careful lest it costs you so much. The best way to cope with the buyer’s remorse is to list down all the positive reasons you have for buying the house as well as the negative reasons associated with buying the house. That will help you see visually that you are making the right choice to buy the house. If you feel like the negative reasons overwhelm the positive reasons for buying the house, you can back out during the inspection of the house.
After an offer on a house has been accepted, a buyer can also have a shopping extravaganza feeling. This is whereby the buyer starts putting all their furniture in the new home just to later on realize that the house may need to furnished, equipped with new appliances and so forth. Take caution against going on a shopping spree when you are still in the pending state of the buying process. You can end up buying large and expensive items and then the sale fails to be closed. There will be enough time to figure out what renovations need to be done to the house and what items need to be bought after the sale has been closed.
When the sale has been closed and you have been given the keys to the new house, you can now figure out how much money you have left and how you will spend it. Spending a lot of money when the offer has just been accepted might leave you with regrets later. You might later on realize that there was something else more serious that you could have spent the money on. Before closing on the home, you will need to make sure that you have good homeowners insurance. This will help you keep the house protected from any adversities.
Jamie Mixon
Top Louisiana Real Estate Agent
Keller Williams
The Mixon Team
1522 W. Causeway Approach
Mandeville, LA
Phone: 985-277-1063
Fax: 985-727-7001
