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Tuesday, February 19, 2008

Controlling Buyer's Remorse

Have you ever bought something and within hours, feel like you made the wrong decision? Or feel that you just made a big mistake? This is a very normal emotion especially among home buyers, aptly named "Buyer's remorse."

Why does this happen? No one is exacly sure but it is normal. Many studies have determined the cause to be due to stress, information overload, anxiety, or fear of the unknown. To control this emotion, however, one should not lose perspective. Buying a home is a good thing. And in this market in particular, there are lots to choose from.

To quell the nerves, do your research. For example, find out the age of the home, the type of neighborhood it's located in and above all, check out comparable purchase prices in the area. Nothing feels worse than the idea that you overpaid for a home.


Lastly, do not rush. Even if you believe in your heart of hearts that this is your one and true home for you, or that there might be another buyer pining for this property, take your time. There is something to the saying "If it's meant to be, it's meant to be."

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