What an exciting time. You quickly rush to pick up the phone and call everyone you know to share your news. Plans are already forming for that first party where you will invite all your family, friends and new neighbors.
Your loan has been approved, and the day of closing arrives. You close successfully on your home. After closing, you return to the home and it still looks great and you share a celebratory bottle of champagne to ring in the moment!
Now the moving part begins, and reality strikes you in the face. Wow, this is a lot of house for just the two of us. Are you going to mow that big lawn? What about cleaning, maintenance and general upkeep. I will have to get up at least one hour earlier each day because of the longer commute time. Dollar Signs are becoming permanently fixed in your eyes as you realize that you will definitely need to consider hiring contractors, gardeners, cleaners, or others to help you to be able to keep up with it all.
And so it begins, the excitement wears away into worry, frustration and concern. Buyer’s Remorse sets in.
Buying a home, be it a first home, move-up, or 2nd/vacation home, is a big decision that should be a fun and enjoyable experience. Do yourself a favor, and make sure to consider all aspects fully before committing to the purchase.
Remember to consider areas of your life such as your commuting distance, are there children in your future/what about school districts, what would you expect the value of your home to be when you move somewhere in the future, is the community and neighborhood where you want to be?
Review the following article which gives additional information to consider to Avoid Buyer’s Remorse: www.bit.ly/1EIHXDS
For further real estate information or questions, contact one of our Real Estate Professionals at (847) 596-6100, or go to www.remaxshowcase.com.
Feel free to leave any questions you may have in the comments section, or contact us directly using the information provided above!