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Real Estate Tips
Buyers Remorse >Buyers Remorse

If you are like most buyers who sign a purchase agreement on a new home, you will almost certainly feel a wave of overwhelming anxiety. You may begin to question your judgement -- did I pay too much? Is it the right home? Can I really afford the mortgage payments? How can I get out of it? This response--referred to as "Buyer's Remorse"--is completely normal!

Call your friends who have owned a home for a few years if you experience an attack of buyer's remorse. Are they bothered by rapidly escalating home prices? Probably not, because that means the value of their home is increasing. Did they feel anxious when they first signed the agreement? They may tell you that they felt just as anxious as you are feeling, but now are really glad that they went through with the purchase. Have they made improvements to the property that heightened their enjoyment of the home? They will probably say they much prefer the creative freedom of being a homeowner compared with having to ask the landlord's permission to put in a garden or paint the living room.

When you experience a buyer's panic attack, be strong -- you have a great deal to gain!

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Real Estate Trivia
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What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Top Texas Team, Broker Associate, real estate agents and broker for Aubrey, Pilot Point, Cross Roads and Tioga Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Top Texas Team
ReMax First Realty III

8000 Highway 380
Cross Roads, TX 76227
940 365-6300
Fax: 940 365-5980
Email: Info@TopTexasTeam.net

I am both a Texas Realtor and Broker as well as a Illinois Broker, specializing in country properties North of Lake Lewisville to the Oklahoma border. I am a Director of the Greater Denton/Wise Board of Realtors and a Director of the Aubrey Area Chamber of Commerce. My husband and I live on 15 acres and raise quarter horses.

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