When it comes to making the biggest investment someone will
make, it's no wonder that in a
recent survey of 2,000 homebuyers, a whopping 80% said they regretted at least
one thing about their home. The number
one complaint: The home just isn't big enough.
Others complained about a lack of closet space or that the place didn't
have enough bathrooms. Bad neighbors were also a problem, as was a substandard
to avoid Home Buyers Remorse, take the following items into account when going
through the home buying process.
1. Don't give in on your core
requirements. It is of the utmost
importance to have a specific strategy when you go to purchase. For example, if you are looking for a mid
century modern, do not spend time looking at modern/contemporary homes. If you know that having three bathrooms is important for your
happiness but the house only has two, keep shopping. Don't let yourself fall in
love with a home that doesn't match your needs. Regret may not set in
immediately but when it does, the fix, like adding a bathroom, might cost you thousands.
2. Know your give-in points.Everyone house hunts with a
wish list, but there are some items that can be compromised. Tiny kitchens
might be a deal breaker if you are an avid cook but maybe you can live without
a den or a finished basement.
3. Don't get caught up in the heat of the moment.Overpaying
is one of the biggest sources of remorse, especially if buyers get involved in
a bidding war. Bidding against other buyers can be exciting and entice
homebuyers to throw their budgets out the window. But sometimes, it becomes
more about winning than how much the house is worth to you.
'Do I really want the house or do I want to beat somebody else out?'" he
4. Don't lose your edge.Once a shopper makes the
decision to purchase a home, they sometimes overlook major issues. If the
inspector finds dry rot in the joists or the appraisal comes in much lower than
the sale price, stand your ground:either pull out of the deal or get the
seller to lower the price to reflect the cost of the repairs.Keeping the above points in mind will
allow you for the smoothest transition into your new Denver
home as easily as possible.
your home is worth? Use our FREE online valuation tool Click
Michael Kane is a Broker Associate at Keller Williams. He is a member of the
Carr Peck & Associates team that is recognized locally and nationally as in
expert in real estate. Locally he is a member of the Denver Metro Association
of Realtors. Nothing brings him more joy than making his client’s dreams
become a reality! For more information feel free to contact
him or call 303-717-9284.
Information provided by cnn.com. and image courtesy of google.com
Author:Jason Peck Phone: 720-446-6301 Dated: October 27th 2014 Views: 477 About Jason: ...
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"We worked with Karen Venier for a relatively short time for a good reason: our home sold at full price within hours of hitting the market! While it’s true that the Denver housing market is “hot,” credit for the speed and ease of our transaction belongs to Karen. She was great to work with, giving us perfect advice about readying our home for sale and then expertly guiding us from offer to close. Along the way, we came to appreciate Karen for her skillful blend of professionalism and personal touches – like dropping off our favorite beverages during a particularly stressful time in our move or shoveling our driveway in subzero temps after we’d left the state (way beyond the call of duty!). Now that we’ve relocated to Wisconsin, we keep saying that we wish Karen could be our buyer’s agent here. Since that’s not possible, we’ll shout her name loudly to whoever might be looking for a home in the Denver area.
Thanks for the great work, Karen!