You might be excited to be in the market looking at new homes for sale, but after you make a decision, you might start to feel a tinge of regret. You might feel that you've paid too much or aren't sure you can afford the mortgage, for instance. You might realize that your new neighbors always play loud music on the weekends or that they are always out in their yard. In order to avoid these feelings of regret, before you buy a house, use these suggestions to help you avoid buyer's remorse.
Find a Loan First
One of the thoughts that may creep into your mind after you buy a new house is that mortgage payments are more than you feel comfortable with. Typically, that feeling happens when you fell in love with a particular house before seeking out a loan; you might take a loan with high interest rates just to be sure you can get the house you wanted.
To make sure this doesn't happen, get a loan before anything else. You will be able to avoid looking at homes you know that you can't comfortably afford, and when you do find a house you love, you can be relieved because you already know financing won't be a problem.
Research Comparable Sales
To avoid later feelings that you're paying too much for the mortgage, it is critical that you do a little homework and ensure that the offer you make is fair. Your real estate agent can help you track down sales of comparable homes in the neighborhood so that you can have a good idea of what any offer should be. Being aware of recent, comparable sales can help protect you from sellers whose prices aren't in line with the market and can help you feel confident that you aren't overpaying.
Talk to the Police
It can be upsetting to buy the house of your dreams, only to slowly realize that a community isn't as safe as you thought it was. One way you can really get an idea of what you can expect in a new neighborhood and home is to talk with the police. While they may not be able to comment on specific cases and problems, they can give you a better understanding of how safe a neighborhood is and might provide insight about a particular street.
Talk with the Current Owner
If you are concerned that new neighbors will be rowdy, the best person to talk with is the seller and current owner of the house. While they are trying to make a sale and might downplay some negatives, most sellers are honest and forthcoming about any problems they've had with other homeowners in the vicinity.
Prevent homebuyer's remorse by heeding the advice given in this article. Work closely with your real estate agent so you can be happy when you buy your new home and happy when you've moved in as well.