Once Your Offer Is Accepted
When buyers make an offer on a new home and it is accepted, one of two things usually happens:
1) BUYER’S REMORSE: You’ve made an offer. It was accepted. You’ve almost bought your dream home. Then, later that night, or the next day, you start worrying. Did I make a good decision? Can I afford it? What if this happens? What if that happens? Anxiety and stress set in.
This is a normal reaction. It is called buyer’s remorse.
The best way to handle buyer’s remorse is to take out a sheet of paper and draw a line down the center. On one side, list all the positive things about buying this home. On the other side, list all the negatives. You will come to realize that buying this home is a good decision. I will be with you step by step to help answer any questions and concerns.
2) SHOPPING SPREE: Buyers are sometimes so excited about their new home that they go out and order new furniture, appliances, window treatments, and sometimes even a new car! This can create pandemonium with your credit and debt ratios that lenders look at to approve your loan. Sometimes excessive purchases can cause the lender to reduce the amount of your loan, placing your home purchase at risk. DO NOT DO THIS. Your best strategy is to postpone additional shopping until after closing. Once you have closed on the home and moved in and are settled, you can start thinking about all the amenities and extras to make the new house your home.
The Wagner Team
Bill Wagner – Keller Williams Atlanta Partners
Call or Text 770-316-5519