Home buyers's remorse and how to minimize it.

 Homeowners often have some regrets about their current residence or the process they went through when choosing a home.

In general, people can be unhappy about the size of their home, location, or travel time to their job or activities. The one thing every realtor can tell you is that there are many variables that go into the decision-making of buying a home. To make things worse, home buying is a very emotional process. For example, if you take a new buyer who has no interest in new construction to a builder’s model.  Eight out of ten, the buyer will want that new home and abandon existing home search. Why does this happen. Emotions take over practical matters. 

Here are three things you can do to minimize this; write three most important things you need in your new home. 

1. Identify your whys: For example, more space, school district for your kids or proximity to your job. 

2. Set a comfortable mortgage amount that you can afford, have some reserve for house repairs especially large ticket items.  

3. Make sure the house satisfies your most important where's? Consider neighborhoods that offers amenities/ activities/restaurants that you and your family use, consider if you like to drive a lot or you would  rather be close to public transportation.  Do not choose that beautiful country home with a lovely backyard because you will be spending a lot of time driving back and forth to get dinner. Whatever activity takes up most of your time during the week day- should be on this checklist. 

We can never get rid of buyer’s remorse completely because buying a home is about maximizing on what you can get rather than getting everything you want, but you can avoid some costly mistakes.