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Buyer's Remorse
From the buyer's point of view, paying list or over list for a home can be tough to swallow. It's even harder if you're not sure
you've found the right home, or one that's merely available.
There's a difference between not being sure about whether you really want to buy a particular home and not being able to
commit. If you have a commitment problem, you need to explore your fears about buying. If you're paying full freight but aren't
sure you want the house, you're ripe for buyer's remorse -- that sinking feeling in the pit of your stomach that keeps you awake
at night.
The only way to avoid buyer's remorse is to do your homework. Make sure you know exactly how much homes are selling for,
and what square footage and amenities folks are getting for their money. Once you really know the market, you'll know if you're
ready to pay the price - or not.
Ilyce Glink is the bestselling author of 100 Questions Every First Time Home Buyer Should Ask, and is the Managing Editor of Right at Home Daily.
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Will Buying a Home Bankrupt Me?
Buying a home doesn't usually lead to bankruptcy -- but if homebuyers don't watch their income-to-spending ratio, it can happen. Margaret Crane explains how to keep your finances in check.
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