Avoid Homebuyer’s Remorse

 

Homebuyer’s remorse is the feeling that you’ve chosen the wrong house to buy, paid too much, or that the house has a major flaw. Unlike when you buy a pair of shoes, you can’t just bring your house back to the store and get something else. You own the house, and if it isn’t what you wanted, you will have to spend time and money to sell it to someone else.    

 

The best way to avoid feeling buyer’s remorse is to prevent it altogether. Here are some things you should do:

 

Obtain Mortgage Pre-approval. A mortgage pre-approval will tell you not only how much you can borrow, but also what your closing costs and monthly payments will be. A mortgage pre-approval prevents surprises both at the closing table and after the pu ...

 

The Search for Affordable Housing: It Affects Everyone, Including YOU

 

          From Canton to Old Saybrook, towns can’t find enough volunteer firefighters because many potential volunteers can’t afford to live in those communities.

 

          In Falls Village, the new kindergarten class has only five children enrolled because young parents can’t afford to live in Litchfield County.

 

Be Neighborhood Savvy

 

 

The three most important words in real estate are location, location, and location. Nothing has a greater impact on the value of a home than its physical location, yet nothing is more beyond the homebuyer’s control. While a buyer can change the color of the house, add a bathroom, or update the kitchen, there is little one can do alone to improve the neighborhood or town. With this in mind, smart homebuyers consider both the features of the house and those of the neighborhood.

 

 

A house’s value is affected by many external forces, most of which are beyond the control of individual homeowners. Some of those include:

 

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