Ever bought something special and later realized you didn’t really need it or like it after all? It might be something as small as a new handbag or as big as an over-the-top power tool. Usually, returning it is as simple as boxing it back up, locating the receipt, and taking it back to the store for a full refund.
But unlike store merchandise or a car, you can’t ‘try before you buy’ a home, which makes your decision to buy or not buy even more stressful. Not only is a home the largest investment you’ll probably ever make, it’s also where you’ll lay your head at night, spend years of your life, and make memories.
We’ve entered a busier real estate market, with competitive bidding and limited inventory. In the hype of the hot new listing, and knowing there are other buyers zeroing in on the same property, you might feel compelled to go the extra mile to “win” the home. And then, it’s quite possible that, within hours or days of getting into contract, you may start to feel buyer’s remorse. Once you’ve had some time to ‘cool off,’ you realize the home may not be the best one for you or that there are issues you overlooked previously. You want to pull out of the contract.
Read More: http://www.zillowblog.com/2013-05-17/how-to-avoid-home-buyers-remorse-in-real-estate/
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In most parts of the country, the housing market is good (or great!) for buyers right now – interest rates are bizarrely low, lots of inventory means lots to choose from, and the cost of renting has increased in a lot of markets.
The numbers just keep going up. Home prices are defying gravity and expectations, which has some asking exactly how real they are and what is driving them. The answers lie, again, in the numbers, which vary depending on what particular report you choose.
Good news for homeowners – your house is appreciating in value! The housing bubble (and bust) is over and prices are now poised to appreciate with the inflation rate, as they should.
Homeowners who endured years of declining home values will discover that the game has changed in their favor.
The real-estate recovery is now in full effect in most areas, and that means more of you are hopping off the fence to buy or list a home. Do you know what you're in for?
“They just don’t make ‘em like they used to.”
In today’s low-interest-rate, low-inventory, recovering-from-the-bubble housing market, there are more buyers than there are sellers. This leads to routine instances of 