Home buying process; Will you be ready for the day after your offer is accepted?

 

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Funny question you may be thinking, but when a buyer makes an offer on a home and it is accepted, one of two things usually happens.

They either wake up scared or go into a buying frenzy thinking of everything they need for their new home!

Home Buyer’s Remorse

Home Buyer's RemorseHere’s the scenario; You’ve made an offer. It was accepted. Your offer was accepted on your dream home. Then, later that night, or the next day, you start worrying. Did I make a good decision? Can I afford it? What if this or that happens? Anxiety and stress set in. Take a deep breathe and sit back… because this is a very normal reaction. It is called buyer’s remorse.

The best way to handle buyer’s remorse is to take out a sheet of paper and draw a line down the center. On one side, list all the positive things about buying this home. On the other side, list all of the negatives. You will come to realize that buying this home is a really good decision. I will be with you step by step to help answer any questions and concerns.

Home Buying Shopping Spree

Home Buyers Shopping Spree

Buyers are frequently so excited about the new home that they go out and start ordering new furniture, appliances, window treatments, and sometimes even a new car!

But there’s a real danger making any purchases at this point in your home buying process.  The problem is this can create havoc with your credit and income to debt ratios that lenders look at to approve your loan. Sometimes excessive purchases can cause the lender to reduce the amount of your loan, placing your home purchase at risk. Your best strategy?  Postpone purchasing all the amenities and extras until after your closing.

Home Buying Process:  Questions?  Concerns?

Lean on us.  We have helped hundreds of home buyers and sellers relocate to, from and within Wake County and surrounding areas.

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