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Here is an illustration of what you might go through as a homebuyer when the real estate agent calls to say that your offer has just been accepted.

Although you are ecstatic when your agent congratulates you, your initial euphoria may be short-lived if you begin to have second thoughts about the purchase. You may look at the amount of cash required for the down payment and closing costs, and feel that you won't be able to enjoy a restaurant meal or a shopping spree for months! The mortgage added to the interest payments over thirty years seems like an outrageously high sum. Finally, you stare at the inspector's report and convince yourself that the roof will blow off and every major system will fail the day after you move in. You're in a frenzy. You ask yourself, "What am I doing?"

If you begin having doubts about your home purchase, the wisest approach is simply to relax! These feelings are so common that they have been given a name--"Buyer's Remorse." "Buyer's Remorse" is almost always a temporary malady, so please call your real estate agent if you are having an extreme attack. Your agent has experience in helping clients through the home-buying jitters.

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Betty Cutler Favier
Peaks Real Estate Sothebys International
136 Country Club Drive
Telluride, CO 81435
Phone 1: 800-737-9621
Fax: 970.692.8427
bcf@TellurideRealEstateOnline.com

Betty has 24 years of experience helping people buy and sell their homes. Listening to her clients, ongoing education in industry standards and trends, and a high level of confidentiality and professionalism have built a real estate business of long term relationships and referrals.

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