Low real estate inventory can lead would be buyers to move more quickly to increase their chances of getting the home or condo they like. This strategy can, however, bring on the common feeling of buyer’s remorse, especially for new homeowners.
Don’t be surprised if nagging questions such as: Did I make the right decision? What if I paid too much? What if a better house for me is out there and I’ll never know it? erode your confidence. After all, your home is likely the largest purchase you’ll ever make, so it’s only natural to wonder if you made the right choice.
If you are experiencing the pangs of buyer’s remorse, here are a few dos and don’ts from Trulia (Real Estate 101) to allay your fears and frustration.
1. Control only what you can control.
Remind yourself of all the reasons why you bought the home in the first place. You put in a lot of time, money, and effort to find your perfect home. You might be surprised at how quickly those anxious feelings fade when you focus on accepting and enjoying your new space.
2. Check off one thing.
Make a list of your worries or concerns and solve just one of them. Paint a room, put in a new light fixture, or set a new emergency fund savings goal. Cross one thing off your list, and you’ve just made progress toward settling into daily life as a homeowner.
3. Throw a party.
Have a cookout, host a grown-up dinner party, or throw a tailgating party in your new home. Gather your friends, family, and loved ones in your home for a celebration. The enthusiasm will be contagious. Your guests will be genuinely excited for you and your new home purchase, and some of that excitement might just rub off on you too.
4. Find your favorite place.
Walk around your house and consider each room. Be mindful of the light and of the space. Find your favorite place in your house and just enjoy it. Whenever you start feeling anxious again, come back to this spot and take a deep breath. The buyer’s remorse will pass, and you’ll wonder why you ever worried.
It is natural to experience a measure of anxiety when buying a house, but don’t lose sight of the fact that this is supposed to be an exciting time. Instead, learn to put everything into perspective. Know that everything in life usually works out exactly as it is supposed to.
And remember: Stress and worry won’t change the situation… it will only zap you of good energy and create havoc with your health.
www.realtor.com 5 Tips to Minimize First-Time Home Buyer Stress
www.realsimple.com Relax! Three Strategies to Ease Home-Buying Stress
Take the Stress Out of Buying a Home, by Robert Hightower