No one wants buyer's remorse. You know, it's the feeling you've either paid too much or received too little. But if no one wants buyer's remorse, why do so many people suffer from it? The answer is simple, most of these people entered a transaction without enough knowledge and information.
The best way to ensure you buy the right home is to properly prepare yourself. Buying a home is a tremendous investment, both monetarily and emotionally. Follow these tips to help your transaction progress smoothly and result in you being a happy homeowner.
Get help. Your home is likely to represent one of the largest investments in your life. In order to make sure the transaction goes smoothly it is crutial that you choose the right agent to represent your interests. The right agent is someone whose experience and personality makes you comfortable. You should try to find an agent who is familiar and knowledgeable about the area you plan on moving to.
Get pre-approved. Do you already know how much home you can afford? There is nothing more frustrating than looking for a home, finding the perfect one and then discovering it is out of your price range. Speak with a lender to learn about the different financing options available to you. When you find the right lender, get pre-approved so you will be ready to buy once that perfect house comes along. Need help finding a lender? Our agents can refer you to many highly rated lenders throughout the valley that we have worked with and trust.
Avoid major purchases. One major contributor to buyers remorse is a heavy mortage payment. When deciding how much you can afford remember that just because you may be approved for a high amount it does not mean thats how much youe should be spending. Consider all you financial obligations and when in doubt aim to be conservative. You want your payment to be comfortable, not stressful.
Sign up for Property Watch. In order to make an educated decision you need to know what is available and how much it's going for. You can browse all the active listings on the mls from our website. Once you have found some homes you like, make/save the list and sign up for property watch so new listings will be emailed to you. The best homes move fast. Make sure you're on top of the available inventory at all times so you do not miss out.
Ask Questions. Asking the right questions can lead to a stonger position during negotiations. For example: if you find out the seller's motivation for selling, you might be able to negotiate a better deal on the home. No one knows the home better than the owner. Find out the last time service was performed on the roof, furnace, and water heater, or if they have had any major problems with the home. Asking the right questions now can end up saving you a lot of money in the end.
Get the home inspected. The last thing you want to discover after you have bought a home is that you have purchased a "money pit," a home full of defects which will end up costing you a lot of money. Save yourself from future frustration by bringing in a licensed home inspector before you buy. If any problems are found the inspection report will help you make an informed decision.
Remember, if you have any questions our agents would love to consult with you any time. We are here to make your buying experience an easy one.