"First Night Jitters?" |
Buy a home and you may experience an unusual real estate malady. This strange condition tends to strike within twenty-four hours of signing a purchase contract, yet when left untreated, usually disappears within a few days.
What is this mystifying ailment? Known by two names - “first-night jitters” and “buyers' remorse,” it is a state of mind sometimes marked by confusion, doubt, and anxiety.
Buying a home involves emotionally charged situations. Decisions about location, style and size home required, and price may require intense reflection.
The home search itself can take weeks of looking, inspecting, and deliberating, and compromises may be necessary. Family members may not be in total agreement. Nevertheless, a firm choice is made and a purchase contract negotiated and signed. What happens next, however, can be unnerving.
With a solid contract in hand, the buyers may almost immediately begin questioning their purchase. Is the home large enough? What if the loan isn't approved? Was that other home a better buy?
Those questions, accompanied by feelings of doubt, are quite normal. Buying a home is a big decision, and getting the “jitters” should not be cause for alarm. If questions persist, buyers should ask the agent for clarification. The best cure for buyers' remorse is to relax and look forward to the move!
