Regret. We’ve all faced it. From that unhappy moment of realization that all was not sunshine and unicorns.
Unfortunately, it’s not any different when it comes to typically the largest purchase of your life, a home. Well, fortunately for you others have ALREADY made regrettable decisions, so here’s a helpful infographic & Slide Deck to help you avoid the pain others have felt!
You Wouldn’t Be Alone
Getting Stuck With Unexpected Bills Just Plain Sucks
“I often hear that although they want to buy a house, they aren’t sure if they can afford it and they are scared that there will be unexpected cost. This is the very first step to the process and it’s really important to have a great lender in the mix. We are very clear on the front end that what one can afford and the amount that one is comfortable spending are two different things and it’s important to know what the fees will be before the search starts so the buyer isn’t surprised by any of the costs associated with buying a home. Expectations need to be set which can ultimately make this process quite enjoyable. And it should be!” – Nashville Realtor Courtney Wilson
Why Didn’t We Go Big?
62% of those who have regrets think they did not buy a large enough home!
What’s Up With This Neighborhood?
First time home buyers biggest fear is buying in the wrong neighborhood. My first time buyer have sat in their cars all night, listening and watching to the neighborhood before they buy their next home. I’ve even had them knock on the the neighbors doors to try to meet as many as possible before making an offer. It can be stressful not to know the neighborhood or even know where the Portland post office is located before you move in. We have a lot of experience in every neighborhood in Portland and do our best to guide our nervous clients. – Portland Realtor Stephen FitzmMaurice
It’s Greener Somewhere, But Not Here
Planning: The Key To Avoiding Regret
I find that first time home buyers are fearful that they don’t know what to expect throughout the process. They have heard so many different stories from family, friends, and the media and not all of the information is correct. I feel it is important to create expectations on the front end. We sit down with our buyers in person, prior to showing them any properties. We take them through the entire process – start to finish – with a flow chart.
This helps give them an overview of what will happen, each step of the way. I let them know that, though it can be overwhelming and they won’t remember everything we’ve talked about, that at least they won’t be surprised by what comes next. I find they really appreciate this and it helps alleviate some of the fear of the unknown. – Nashville Realtor Michelle Froedge
Usually it’s the fear of “the buying process” itself, and the fear of committing to buying a home that tops the list. When a first-timer doesn’t know what to expect, they’re intimidated. As they should be. When you can’t see the road ahead of you, it’s hard to not be nervous or afraid. The only way to overcome that is to educate the buyers. Give them a run down of what they need to prepare for and expect in coming days and weeks. I like to refer them to a great infographic or article that visually shows them what lies ahead. Once they know what to expect, the fear subsides and the excitement comes back again.