It happens to thousands of homeowners each year. They find their dream home but are outbid by another buyer. Out of frustration they buy the next house they see. BAD IDEA!!!
Sure, it's disappointing to lose the "perfect" house. But rushing to find a replacement can bring an even greater regret. The fact is that most home buyers face some kind of a setback during their home search...albeit it pricing or financing or timing. The key is to approach each step in the home buying process as part of a valuable learning experience.
Finally, buying a home is not the ultimate goal. Buying the right home is the goal. Compromising with an inadequate choice is a sure path to Buyer's remorse. I found out a long time ago that there will be another house coming on the market soon very often better than the first one you thought was the "perfect" house.
Courtesy of Sherri Buttler, Sun American Morgage Company sherri.buttler@SunAmerican.com
Wednesday, September 30, 2009
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