OK…it’s a normal reaction…right after you spent days looking at homes, have narrowed it down to 5 houses, then down to “the perfect one”, put in an offer lower than the listed price, negotiated back and forth through your agent with the seller…and at 10pm you get a phone call: “Congratulations, You’ve bought a house!!!”
The minute of silence your Realtor hears on the other end of the phone is probably not what he/she expected…but it is a normal reaction from a buyer, whether it is their first home purchase or one of many. Affectionately called ” Buyer’s Remorse”, it’s when that reality check happens, and you start thinking about house payments, down payment, insurance, mowing lawns, and everything associated with home ownership.
But please don’t panic – your Realtor is there to help you through every step of the way until you are handed the keys! If you have been pre-approved by your lender (be honest with them – share all your financial obligations right up-front), and do everything in a timely manner that is requested by your lender, Realtor, and closing agent, you will soon be enjoying that new home and just as excited about it as you were when you decided to submit your offer!
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