Five Tips to Avoid Home Buyer's Remorse

Posted on Wednesday, October 12th, 2016 at 3:56pm.

Five Tips to Avoid Home Buyer's Remorse

Buying a home can be an exciting and rewarding experience. It’s easy to get caught up in the excitement and overlook details that can make you second-guess your choice in the future. Check out our five tips to avoid feeling buyer's remorse!

Don't Wait Until the Last Minute to Buy- Don’t wait until you absolutely have to move to start looking for a new home. The home buying process typically lasts 30 days from contract to close, which doesn’t include the time it takes to search for homes that meet your needs. You could end up living in your current home for longer than you expect. As soon as you know you need to move, start your home search and get in touch with an expert agent to guide you through the process. The more time you have, the more you can spend finding your perfect home.

Understand Your Needs from the Start- Buyers purchasing a new home without solid knowledge of what their needs are can end up with a house that doesn't fit their lifestyle. Take some time to make a list of your needs and wants, considering both your current and future needs. Whether you need more or fewer bedrooms, a huge or tiny yard, ample closet space or a gourmet kitchen, make sure your new home has you covered.

Consider the Neighborhood- Buyers who love a home but fail to consider its location can end up wishing they had chosen one in another neighborhood. Think about what’s important to you in a community. If you’re moving for a new job, how’s the commute from your dream home? How are schools and activities in the area? If walkability is important, how far would you have to stroll to reach your favorite spots? The area surrounding your new home is just as important as the home itself. Check out your estimated commute time at a specific time of day from a potential home using the Drive Time feature found on every listing detail page on our website.

Don't Overlook the Details- Some buyers may be so excited about their new home that they overlook the details that could be bad news in the future. It’s important to have an inspector review all aspects of your new home before you commit to a purchase. Don’t forget about special inspections for features like pools. If you feel there may be an issue with any part of the home, speak up and work with your agent to address it with the seller.

Don't Be Afraid to Negotiate- No matter how badly you want to purchase a home, it’s important to not let the seller take advantage of you. Know what you’re willing to give up and what’s non-negotiable when you begin your home search. If a seller makes demands that don’t line up with your needs, work with your agent to negotiate and come to an acceptable compromise for both parties.

Are you ready to buy a home in Austin, or even just considering it? Our team of agents are experts in Austin real estate, and eager to help you make your next home purchase. Contact us for more information about buying homes in the Austin area.

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