Six Ways to Avoid Buyer’s Remorse

Are you feeling a little stress creeping into your life as you close in on buying the home you deserve or now that you’ve made your purchase?

Don’t worry, it’s a common emotion and completely understandable.

Buyer's Remorse

A lot is at stake when you make one of the most significant purchases of your life. And no matter how well prepared you were in your search for a new home, now that the home buying process has wrapped up, it’s perfectly natural to be a little anxious when the journey is over.

We always want every buyer to be happy with their new home, but when the anxiety builds and you’re starting to feel a bit of buyer’s remorse, it’s always a good time to take a step back, take a deep breath, and think through things one step at a time.

  • Remind yourself why you bought – Take yourself back to the moment you got excited or even fell in love with your new home. Ask yourself, what do I love most? How is it improving my lifestyle? Think about all the features that met your criteria for a perfect home. You’ll find a little retrospection will help reassure you.
  • List your concerns – Emotions can run away with anyone, especially after a life changing decision. So, sit down and make a list of all the issues with your new home that are nagging at you. Perhaps it’s the pressure of increased mortgage payments or just the realization that you’ve made a huge step in your life. Put it all down on paper and then figure out how to make them go away. 
  • Is money the issue? – Talk with your lender if you have concerns about the ongoing affordability of your mortgage payments. You’ve just laid out a lot of cash with your downpayment and closing costs, so money can be tight right after buying a home. In reality, no institution will have loaned you money without being convinced that you can afford to repay them. Further, they will have assessed the value of your property and considered it a worthwhile purchase. They’ll reassure you. 
  • Experience every room – Take your time to go through each room in the home and imagine its optimal use and layout. Make a note of how the natural light fills each room and how you might make the most of the views from the windows. Sometimes, it just takes a bit of time for it all to come together.
  • Find a favorite spot – Whether a buyer is anxious or not, it’s an excellent idea for everyone to find their favorite place in your new home and make that their go-to-point when you want to relax. It will help ground you and the property will start to become very much part of your life. 
  • Throw a party – Start filling your new home with memories. A house party is a great way to start. Your family and friends will surely compliment you on your new home and that will be so reassuring. If it’s summertime, then do the Texas thing and have a few close friends over for an outdoor BBQ.  

In our experience, buyer’s remorse is a temporary emotion and, ultimately, you’ll fall in love with your new home for all the reasons that got you excited originally.

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