10 Ways to Avoid Buyer’s Remorse 

 

Have you ever bought something and then been sorry? I know I have and most of us have, whether the purchase was large or small.

 

The most important thing to consider carefully is whether the house has all the amenities you want and is in the neighborhood you desire.

 

But when you think about buying a house, which is a big ticket item, we want to be safe rather than sorry, isn’t that right?

 

Even when you have looked at dozens of homes, and gone over every possible thing that could be wrong, and even double-checked yourself, you still could have overlooked something.

 

Here’s a list of things to pay attention to:

 

• When the inspection reveals more repair issues than you want or can afford to do.
• The property boundary lines are not as represented by the seller, or undisclosed easements that give someone else the right to use the property .
• If there are problems with the deed and getting clear title.
• If the title search reveals liens against the property that will not be satisfied at closing.
• If the house does not appraise at or above the contract price.
• If you are short on finances and this is a stretch.
• In talking to the neighbors you discover something about the neighborhood or the house that was not disclosed to you by the buyer or the Realtor.
• If when the Good Faith Estimate is received, costs may vary or your closing costs could be much higher than expected, requiring you to bring in a substantially larger amount to close.
• If something just doesn’t feel right, or you are having second thoughts, but you can’t put your finger on it…stop.