They were scared to make a commitment and wanted to wait until the weekend, when their parents could go through the home. Unfortunately for them, the weekend walk-through never happened.
Another couple also loved the home, quickly made an offer, and the for sale sign soon sported a bright red ‘‘sold’’ sticker. It’s not uncommon for a home to sit on the market for weeks with no action, and suddenly two or three offers come in at the same time. It’s almost spooky how often this happens, as most experienced Realtors will tell you.
Fear of making a mistake is usually the culprit. The best way to work through this is to talk it over with your broker, lender, or someone who has bought a house before. Once you get your concerns out in the open, they often become easier to deal with. Buyer’s remorse is the real estate industry term for making an offer and then having all kinds of fears bounce around in your imagination.
It not only applies to buying a home but also to buying cars, appliances, engagement rings, and many other financial commitments. It’s important to realize that this is a normal reaction many buyers experience. The best way to cope with it is to review the reasons you made an offer and what your goals are. Talk to your agent or others who have gone through the home-buying experience.
Related posts:
- Mistake #14: Being Unable to Make a Decision When you’re searching for the right house, take your time...
- Mistake #13: Getting Family, Relatives, and Friends Too Involved Not involving your family or friends in your purchase of...
- Mistake #9: Purchasing a New Home on Impulse Part (2) On new construction, before you commit, check out the builder’s...
- Mistake #6: Failing to Have an Exit Strategy Many first-time home buyers purchase a one-bedroom condo, a small...
- Mistake #12: Failing to Protect Yourself When You Make an Offer Many home buyers, in the excitement of finding the home...
