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5 Ways to Avoid Buyer’s Remorse

Buying a home is exhausting, and if not done correctly, it’s easy for buyers to get fatigued, blow their budget, and settle for something that isn’t right for them. It is important for buyers to take their time and not rush into a purchase, otherwise they could end up with a house they wish they hadn’t purchased. Enter BUYER’S REMORSE!

Buying a home is exhausting, and if not done correctly, it’s easy for buyers to get fatigued, blow their budget, and settle for something that isn’t right for them. It is important for buyers to take their time and not rush into a purchase, otherwise they could end up with a house they wish they hadn’t purchased. Enter BUYER’S REMORSE!

Here are some easy ways to avoid it:

1. Be strict with your budget.

With all the excitement of buying your new home, it’s easy to get swept up in the pressure of auction day, with smooth talking real estate agents or your emotional attachment to a certain property. Stay within your budget and don’t be pushed beyond what you can afford, otherwise you might find yourself in a world of regret down the track. As buyer’s agents we don’t make emotional decisions, we know the buying process inside out and we negotiate properties from a position of strength, meaning we will find you the right property at the budget you’ve set aside.

2. Write a list of “must haves” and stick to it.

Of course, you’ll need to compromise on a few things, but don’t get caught up in a nice-looking house or a great location if it doesn’t tick enough boxes. Settling for something you don’t 100% love is a guaranteed way to suffer buyer’s remorse. We can research to your requirements, find off-market properties and use our relationships with real estate agents, mortgage brokers and other industry professionals to help you stick to your list.

3. Inspect the property as many times as you can.

Open homes can be a bit awkward, especially if you’re rushed or there’s lots of competition, so ask the agent for private viewing or two. That way you have time to check things more thoroughly, plus, you’ll be able to get a feel for what it would be like to live in the house at a more relaxed pace. This is also your chance to pay attention to the floor plan, will it suit your family, is it big enough to fit your furniture, is there enough storage? So that you don’t waste your time, we attend open homes on your behalf to make sure that the property meets your brief before you check it out with us.

4. Get the place checked by professionals.

It may look a treat from the outside, but what’s beneath the surface? If you don’t get a professional opinion on the building itself, it could end in disaster and cost you a fortune. Make sure you go through the property with a fine-tooth comb. Also request a pest and building report from the agent and then go through that with a fine-tooth comb too! With over 20 years’ experience in construction and engineering, we know what to look out for and how things should be built.

5. And finally,……Sleep on it!

This IS NOT a decision that should be taken lightly, don’t rush into anything, take your time and get it right!

Message us or make a booking on our website for a no obligation chat with us.