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So you've found your home, you've made your offer, you're waiting to hear back from your agent...the phone rings, your agent tells you that the Seller has accepted your offer! GREAT! Now, you're excited. You'll be able to decorate to your hearts content. You'll be able to set up that workshop. You'll be able to plant flowers, install a playset, join the swim-tennis club, etc... But maybe it's not really the time for you to buy a home. Or maybe you don't think you can really afford it. What happens if the roof leaks? What if you lose your job? What if interest rates go UP?
This is called Buyer's Remorse and it usually sets in right after the Seller accepts your offer to purchase. As a REALTOR®, I have seen this happen time and time again. Don't worry, this is normal, especially if it is your first home. Think back to the time when you first considered buying a home. You may have made a list of all the reasons to buy a home. If you didn't do it then, do it now. Now make a list of all the reasons you should not buy a home. Now, put this aside and save it for the counter-attack against Buyers Remorse. I'm sure you'll see that the pros far outweigh the cons. And if they didn't give me a call or email. I'm sure we'll come up with a few reasons you didn't consider. After all, what if the interest rates go DOWN? What if you don't lose your job and get a promotion instead? What if the home appreciates faster than expected? Now, you've got it!