Rochester Real Estate | LOCAL Homes For Sale https://www.rochesterrealestateblog.com Rochester Real Estate | LOCAL Homes For Sale | Homes for sale in Rochester, NY, LOCAL Rochester real estate listings, market data, REALTOR® info, and high quality content updated every 15 minutes! Wed, 25 Jun 2025 11:50:30 +0000 hourly 1 https://wordpress.org/?v=6.7.2 https://www.rochesterrealestateblog.com/wp-content/uploads/2016/11/cropped-SITE-LOGO-512-x-512-1-32x32.png How To Avoid Home Buyers Remorse In Real Estate – Rochester Real Estate | LOCAL Homes For Sale https://www.rochesterrealestateblog.com 32 32 June Home Maintenance Checklist: 40+ Must-Do Tasks to Prepare Your Home for Summer https://www.rochesterrealestateblog.com/june-home-maintenance-checklist-summer-prep/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20501 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> May Home Maintenance Checklist: 30 Essential Tasks to Prepare Your Home for Summer https://www.rochesterrealestateblog.com/may-home-maintenance-checklist/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20484 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> April Home Maintenance Checklist: How To Prepare Your Rochester NY Home For Spring https://www.rochesterrealestateblog.com/april-home-maintenance-checklist/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20364 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> March Home Maintenance Checklist: Get Your New York Home Ready for Spring https://www.rochesterrealestateblog.com/march-home-maintenance-checklist/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20338 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Buy a House in New York https://www.rochesterrealestateblog.com/buy-a-house-in-new-york/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19906 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Sell a House in New York https://www.rochesterrealestateblog.com/sell-a-house-in-new-york/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19905 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Risks of Buying a Non-Warrantable Condo In New York: What You Need to Know https://www.rochesterrealestateblog.com/non-warrantable-condo/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19796 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Builders Should Know About Spec Construction Loans In New York https://www.rochesterrealestateblog.com/builders-spec-construction-loans/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19795 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Moving To The Finger Lakes Region Of New York | Guide To Relocating To The Finger Lakes https://www.rochesterrealestateblog.com/moving-to-the-finger-lakes-region/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19875 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Navigating the Numbers: The Pros and Cons of Using Online Home Value Estimators For New York Real Estate https://www.rochesterrealestateblog.com/pros-cons-online-home-value-estimators/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19794 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Role of Location in Home Valuation In New York https://www.rochesterrealestateblog.com/role-of-location-home-valuation/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19768 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Lowe’s vs U-Haul: A Review of Truck Rental Companies https://www.rochesterrealestateblog.com/lowes-vs-uhaul/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19758 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Understanding the Importance of a Seller’s Property Condition Disclosure https://www.rochesterrealestateblog.com/property-condition-disclosure-statement/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19632 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What are Delayed Showings and Negotiations in Real Estate In New York? https://www.rochesterrealestateblog.com/delayed-showings-negotiations/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19547 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 8 Viable Tactics to Selling Your Home and Moving Out of State https://www.rochesterrealestateblog.com/selling-home-moving-out-of-state/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19542 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Unconventional Methods for Selling a House: Thinking Outside the Box https://www.rochesterrealestateblog.com/unconventional-methods-for-selling-a-house/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19519 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Sell My House Off Market: Pros and Cons Explained https://www.rochesterrealestateblog.com/sell-house-off-market/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19503 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What is PITI and How Does It Affect Your Mortgage https://www.rochesterrealestateblog.com/what-is-piti/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19498 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Set A Home Renovation Budget https://www.rochesterrealestateblog.com/home-renovation-budget/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19490 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Does A Co-Borrowers Credit Scores Affect A Home Purchase? https://www.rochesterrealestateblog.com/co-borrower-credit-score/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19474 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> New Construction Final Walk-Through Checklist: Ensuring a Seamless Home Inspection https://www.rochesterrealestateblog.com/new-construction-final-walk-through/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19458 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Essential Tips for Pumping a Septic Tank: What You Need to Know https://www.rochesterrealestateblog.com/pumping-a-septic-tank/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19450 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Can You Submit Multiple Offers On Homes At Once – A Legal And Ethical Analysis https://www.rochesterrealestateblog.com/multiple-offers-on-homes-at-once/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19414 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Get Your Home Photo Ready for Real Estate Listings https://www.rochesterrealestateblog.com/real-estate-photo-ready/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19409 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does a Home Builder’s Warranty Cover? https://www.rochesterrealestateblog.com/home-builders-warranty/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19394 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> July 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/july-2023-rochester-ny-real-estate-market-update/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19403 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Who Pays Real Estate Commission When You Buy or Sell a Home https://www.rochesterrealestateblog.com/real-estate-commission/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19366 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Quitclaim Deeds: What You Need to Know https://www.rochesterrealestateblog.com/quitclaim-deeds/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19358 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Know About Selling a Home As Is for Cash https://www.rochesterrealestateblog.com/selling-home-as-is-cash/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19347 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Know if My House Has Paranormal Activity https://www.rochesterrealestateblog.com/is-my-house-haunted/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19342 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Why Find The History of a House https://www.rochesterrealestateblog.com/find-history-house/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19316 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> June 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/june-2023-rochester-ny-area-real-estate-market-update/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19313 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does a Real Estate Lawyer Do? https://www.rochesterrealestateblog.com/real-estate-lawyer/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19181 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> May 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/may-2023-rochester-ny-area-real-estate-market-update/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19162 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Know About Buying a Home For The First Time https://www.rochesterrealestateblog.com/buying-home-first-time/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19058 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> <strong>What Should a Buyer Look For at a Home Inspection?</strong> https://www.rochesterrealestateblog.com/what-look-for-home-inspection/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18983 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Companies That Buy Houses For Cash Reviewed https://www.rochesterrealestateblog.com/companies-buy-houses-for-cash/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18889 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Does Home Staging Work and What is The Cost? https://www.rochesterrealestateblog.com/does-home-staging-work/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18814 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Avoid When Getting a Mortgage https://www.rochesterrealestateblog.com/avoid-when-getting-mortgage/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18797 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> <strong>5 Options For Replacing a Roof Reviewed</strong> https://www.rochesterrealestateblog.com/replacing-roof/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18771 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are Restrictive Covenants in Real Estate? https://www.rochesterrealestateblog.com/restrictive-covenants/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18714 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Can The Court Force The Sale of Your House in Divorce? https://www.rochesterrealestateblog.com/court-force-sale-divorce/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18693 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Real Estate Agent vs. Broker: What&#8217;s The Difference? https://www.rochesterrealestateblog.com/real-estate-agent-vs-broker/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18650 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Determine Square Feet In Your House For More Accurate Property Estimates https://www.rochesterrealestateblog.com/determine-square-feet/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18167 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 3 Things That Often Results in a Real Estate Agent Getting Sued https://www.rochesterrealestateblog.com/real-estate-agent-sued/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18133 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Top 5 Types Of Home Inspections Buyers Should Consider https://www.rochesterrealestateblog.com/5-types-home-inspections/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18119 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Pros And Cons Of Rent To Own Homes: What You Need To Know https://www.rochesterrealestateblog.com/pros-cons-rent-own-homes/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18104 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Smart Things To Do Before Moving That Will Help Ease Your Transition https://www.rochesterrealestateblog.com/things-before-moving/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18084 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Become a Real Estate Agent https://www.rochesterrealestateblog.com/become-real-estate-agent/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18071 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Renting A House Or An Apartment: Which Is The Better Option https://www.rochesterrealestateblog.com/renting-house-apartment/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17871 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The 5 Most Important Factors To Consider When Buying A House https://www.rochesterrealestateblog.com/5-factors-buying-house/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17851 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Buyers And Sellers Need To Know About An Appraisal Gap https://www.rochesterrealestateblog.com/appraisal-gap/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17827 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Pros And Cons Of Renting With Roommates – What You Need To Know https://www.rochesterrealestateblog.com/renting-with-roommates/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17794 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 6 Things You Should Know About Buying Land https://www.rochesterrealestateblog.com/things-know-buying-land/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17773 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Long Should Home Sellers Wait To Respond To An Offer On Their Home? https://www.rochesterrealestateblog.com/home-sellers-wait-respond-offer/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17745 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Buy A House With A Low Credit Score https://www.rochesterrealestateblog.com/how-to-buy-a-house-with-a-low-credit-score/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16819 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Things To Consider When Shipping A Car https://www.rochesterrealestateblog.com/things-to-consider-when-shipping-a-car/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16248 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Home Depot Truck Rentals: What to Know Including Pricing https://www.rochesterrealestateblog.com/home-depot-truck-rentals-what-to-know-including-pricing/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16156 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 16 Things To Do Before Listing Your Home For Sale https://www.rochesterrealestateblog.com/16-things-to-do-before-listing-your-home-for-sale/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16138 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Biggest Home Inspection Mistakes to Avoid https://www.rochesterrealestateblog.com/biggest-home-inspection-mistakes-to-avoid/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16112 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Your Credit Score Impacts Your Ability To Buy A House https://www.rochesterrealestateblog.com/how-credit-score-impacts-buying-house/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16086 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Winter Home Selling Mistakes | 7 Errors Made While Selling A House During The Winter https://www.rochesterrealestateblog.com/top-winter-home-selling-mistakes/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16051 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Winter Home Buying Mistakes | 11 Errors Made While Buying A House During The Winter https://www.rochesterrealestateblog.com/winter-home-buying-mistakes/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16013 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Address Change Form Should I Use At The Post Office? https://www.rochesterrealestateblog.com/address-change-form-post-office/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15981 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does Contingent Status Mean in Real Estate? https://www.rochesterrealestateblog.com/what-does-contingent-status-mean-real-estate/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15956 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> DIY Renovation Ideas For Your Backyard https://www.rochesterrealestateblog.com/diy-renovation-ideas-backyard/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15937 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Rent Your First Apartment Guide https://www.rochesterrealestateblog.com/how-to-rent-an-apartment/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15931 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Tips For Selling A Home Virtually https://www.rochesterrealestateblog.com/tips-selling-a-home-virtually/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15907 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Complete Winter Storage Checklist For Your Belongings https://www.rochesterrealestateblog.com/winter-storage-checklist/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15885 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Waive My Home Inspection When Buying A House? https://www.rochesterrealestateblog.com/should-i-waive-my-home-inspection/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15870 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Biggest Self Storage Companies Reviewed https://www.rochesterrealestateblog.com/biggest-self-storage-companies/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15836 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Earnest Money and House Deposits Explained https://www.rochesterrealestateblog.com/earnest-money-house-deposits-explained/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15760 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Moving Mistakes To Avoid https://www.rochesterrealestateblog.com/moving-mistakes-to-avoid/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15568 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Mortgage Myths | Demystifying Common Home Loan Misconceptions https://www.rochesterrealestateblog.com/top-mortgage-myths/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15102 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> First-Time Home Buyer Mistakes to Avoid https://www.rochesterrealestateblog.com/first-time-home-buyer-mistakes/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=14815 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 10 Tips For Adding Appeal To Your Home This Summer https://www.rochesterrealestateblog.com/10-tips-adding-appeal-to-home-this-summer/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=14237 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Exploring The Merits of Smart Home Technology When Selling a Home https://www.rochesterrealestateblog.com/smart-home-technology-selling-a-home/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13782 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Frequently Asked Questions From Home Sellers https://www.rochesterrealestateblog.com/top-frequently-asked-questions-home-sellers/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=2424 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> First Time Home Buyer Programs In Rochester NY &#8211; Updated January 2025 https://www.rochesterrealestateblog.com/first-time-home-buyer-programs/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock http://rochesterrealestateblog.com/?p=580 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How New Doors &#038; Windows Can Boost Your Home Value https://www.rochesterrealestateblog.com/how-new-doors-windows-boost-your-home-value/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13643 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top 5 Things To Know When Flipping Your First House https://www.rochesterrealestateblog.com/5-things-to-know-when-flipping-your-first-house/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13574 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are The Best Mortgage Options for Self Employed Borrowers? https://www.rochesterrealestateblog.com/mortgage-options-for-self-employed-borrowers/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13450 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top 10 Best Places To See Christmas Lights In Rochester NY https://www.rochesterrealestateblog.com/top-10-best-places-see-christmas-lights-rochester-ny/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=10236 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are The PROs And CONs Of Multifamily Homes? https://www.rochesterrealestateblog.com/what-are-the-pros-and-cons-of-multifamily-homes/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13219 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Low-Cost Home Improvements Should You Make Before Selling Your Home? https://www.rochesterrealestateblog.com/low-cost-home-improvements-you-should-make-before-selling-your-home/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13114 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 15 Things Millennial Home Buyers Look At While Buying A House https://www.rochesterrealestateblog.com/15-things-millennial-home-buyers-look-at-while-buying-a-house/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13028 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Does A Fence Increase The Value Of Your Home https://www.rochesterrealestateblog.com/how-does-a-fence-increase-the-value-of-your-home/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12995 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Simple &#038; Low Cost Fixes To Make Your Home More Appealing To Buyers https://www.rochesterrealestateblog.com/5-simple-and-low-cost-fixes-to-make-your-home-more-appealing-to-buyers/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12779 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Improve A Homes Curb Appeal In Rochester NY https://www.rochesterrealestateblog.com/how-to-improve-a-homes-curb-appeal-rochester-ny/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12665 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 7 Ways to Create an Energy-Efficient Home While Conserving Your Budget https://www.rochesterrealestateblog.com/7-ways-create-an-energy-efficient-home/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12633 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Hiring Movers Vs. Moving Yourself | The PROs &#038; CONs Of Each https://www.rochesterrealestateblog.com/hiring-movers-vs-moving-yourself/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12592 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should You Pay Off Student Loans Before Purchasing a Home? https://www.rochesterrealestateblog.com/pay-off-student-loans-before-purchasing-a-home/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12531 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Build A New Home Or Buy An Existing Home? https://www.rochesterrealestateblog.com/should-i-build-a-new-home-or-buy-an-existing-home/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=2497 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Buying A Condo Vs. Renting A Condo | What Are The PROs &#038; CONs? https://www.rochesterrealestateblog.com/buying-a-condo-vs-renting-a-condo/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12402 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 9 Money Saving Moving Tips | How To Cut Costs When Moving https://www.rochesterrealestateblog.com/9-money-saving-moving-tips/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12341 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Create a Proper Home Maintenance Checklist https://www.rochesterrealestateblog.com/how-to-create-a-proper-home-maintenance-checklist/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12300 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Tips For Tenant Screening | How To Weed Out Bad Tenant Applicants https://www.rochesterrealestateblog.com/tips-for-tenant-screening/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12291 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Social Media Blogs For Real Estate From 2017 https://www.rochesterrealestateblog.com/best-social-media-blogs-2017/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12045 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Home Improvement Blogs From 2017 | Advice For Home Remodeling https://www.rochesterrealestateblog.com/best-home-improvement-blogs-2017/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12044 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Mortgage Blogs From 2017 | Advice For Home Financing https://www.rochesterrealestateblog.com/best-mortgage-blogs-2017/ Tue, 21 Jul 2015 11:30:38 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12043 How To Avoid Home Buyers Remorse In Real Estate[/caption] Buying a home is a huge milestone in anyone's life.  There are lots of different feelings, emotions, and thoughts that go through a home buyers mind throughout the home buying process, whether it's a buyers first home they're buying or they're tenth home. Since buying a home is such as huge milestone, it's possible that a buyer may not be thinking about all of the things they should be.  This often can lead to what is called, "home buyers remorse."  Buyers remorse is not only something that is limited to buying real estate, but can happen when buying a car, a TV, or when buying something even as small as groceries. Since buying a home is normally the largest purchase one will make throughout their life, buyers remorse in real estate can be devastating to a buyer.  Home buyers who know what steps need to be taken to avoid home buyers remorse will in all likelihood avoid having buyers remorse. Below are some of the most important things to consider when buying a home so that you can avoid having buyers remorse and can enjoy the excitement of buying a home! Understand The Home Buying Process Home buyers who have purchased several homes in their life usually have a pretty strong understanding of the home buying process.  Home buyers who are just getting started out in the pursuit of purchasing their first home, often have no clue about the home buying process or how to get started. One great way to avoid buyers remorse is to make sure that you understand exactly how the home buying process works.  The best way to truly understand the home buying process is interview and ask a top buyers real estate agent about the home buying process. A top buyers agent should be able to provide not only an overview of the home buying process and the time frame of purchasing a home, but also should be able to provide some great recommendations to other professionals who you will need throughout the home buying process. Analyze The Numbers Since buying a home is such a huge purchase, having a strong understanding of the money that will be needed to buy a home can be extremely helpful in avoiding home buyers remorse.  One of the first steps to buying a home is discussing your options with a top mortgage broker.  It's extremely important to get pre-approved before you go out looking at homes, for many reasons. The primary reason to get pre-approved before looking at homes is to ensure you're able to obtain financing for a home.  There are specific requirements that mortgage brokers have of potential home buyers including credit scores and debt-to-income ratios, just to name a few. When meeting with a mortgage broker, they will be able to help you analyze the numbers and costs associated with buying a home.  Top mortgage brokers will normally provide potential home buyers with a "closing cost estimate."  Reviewing a closing cost estimate with a mortgage professional is a great way to analyze the numbers and avoid having buyers remorse in the future.  A closing cost estimate will not only provide a buyer with a general estimate of how much it will cost to purchase a home, but also provides a buyer with an estimate of their monthly mortgage payment. The reality is that money and finances put a ton of pressure and stress on the majority of people.  Analyzing the numbers when buying a home is extremely important and should not be overlooked, otherwise the possibility of having home buyers remorse increases. Patience Is A Must [caption id="attachment_2861" align="aligncenter" width="450"]Tips On Avoiding Home Buyers Remorse - Patience Is A Must! Tips On Avoiding Home Buyers Remorse - Patience Is A Must![/caption] One of the most common reasons a home buyer experiences buyers remorse is because they are not patient with their home search.  A frequently asked question from potential home buyers is, "how many homes should I look at before buying one?"  There is no concrete answer to this question, as it is possible to find a "dream home" after only looking at one or two homes. Most home buyers will know when they find their "dream home."  If there is any doubt when thinking about writing a purchase offer on a home, you need to remember to remain patient.  Any doubt or uncertainty can often lead to buyers remorse in the coming weeks and months. Most people who have purchased a home in the past agree that when they found their "dream home" they had a special feeling about the home that they didn't on other homes they viewed. Determine What You NEED Versus What You WANT One of the most important things to realize when buying a home is that it's unlikely you will find a home with absolutely everything you want.  It is fairly likely though that you can find a home that has everything you need.  A great tip to use when buying a home is to create a list of all the NEEDS and all the WANTS that you're looking for in a home. What are some of the most common NEEDS that home buyers are looking for in a home?  
  • Number of bedrooms
  • Number of bathrooms
  • Minimum amount of square footage
  • Number of garage spaces
  • Specific style of home (Ex; ranch, cape cod, colonial)
What are some of the most common WANTS and special home features that home buyers are looking for in a home?
  • Floor plan - Open concept
  • Updated kitchen (Ex; granite counters, tile floors, etc...)
  • Updated baths
  • Fully fenced yard
  • New windows
A home buyer who determines what they NEED versus what they WANT before looking at homes significantly reduce the chance they will experience home buyers remorse.  By providing a list of the needs and a list of wants to a top buyers agent, they should be able to identify some excellent properties to look at. When viewing the potential properties it's important to remember what your needs are as this can help eliminate properties fairly quickly and can also help identify homes that maybe a great fit! Make Sure You Consider The Homes Location "Location, Location, Location," is a very common saying in real estate. It's critical when buying a home that a buyer always considers that homes location in order to avoid buyers remorse. Some home buyers have specific neighborhoods or school districts they want to buy a home in and others do not.  If your a home buyer who doesn't have specific neighborhoods or school districts you're looking in, there are several considerations that should be made when choosing a neighborhood to live in. A couple things to keep in mind when considering a homes location include proximity to highways, parks, schools, and railroad tracks.  Also, make sure you analyze the homes around the neighborhood.  Buying a home in a neighborhood that is declining can be a huge mistake and can lead to buyers remorse. Stick To Your Budget [caption id="attachment_2864" align="aligncenter" width="450"]How To Avoid Home Buyers Remorse - Stick To Your Budget! How To Avoid Home Buyers Remorse - Stick To Your Budget![/caption] One of the common reasons that a home buyer experiences buyers remorse is they do not stick to their budget.  When getting pre-approved for a mortgage, it's possible you can afford a home for $300,000 according to a mortgage broker, however, your comfortable monthly mortgage payment calls for a $250,000 home purchase. Remember when buying a home, there are additional expenses to owning a home.  It's critical to consider all the expenses involved in owning a home before signing on the dotted line.  Some of the most common additional expenses can include;
  • Internet
  • Refuse
  • Cable
  • Water
  • Electric
  • Gas
Just because a mortgage broker pre-approves a buyer for a specific amount does not mean they should buy a home for that amount.  Setting a budget that includes the additional expenses and monthly mortgage will help reduce the chance of buyers remorse. Make Sure The Purchase Offer Protects You When you choose a buyers agent to represent your best interests while buying a home, you should expect that the buyers agent is indeed looking out for your best interests.  When you have found the perfect home and decide to write a purchase offer, make sure it protects you and that you understand the entire purchase offer and the terms set forth in it. Your buyers agent should explain in detail what exactly you are signing when submitting a purchase offer.  There are several contract contingencies that are available to protect a home buyer.  Contingencies such as attorney approvals, mortgages, and acceptable home inspections are just a few of the most common contract contingencies to look out for when buying a home. Ask Questions Many home buyers, especially first time home buyers, fail to ask questions.  Failing to ask questions when buying a home is a great way to experience buyers remorse.  When buying a home there is no such thing as a "dumb question." If you're unsure about who should be answering a specific question throughout the home buying process, ask your real estate agent and if they aren't able to answer the question, they should be able to point you in the direction of the person who can answer the question. Final Thoughts Home buyers remorse is way too common in real estate.  Many of the reasons why home buyers experience buyers remorse can be avoided if the proper steps are taken. The biggest tip on how to help avoid buyers remorse is to make sure you choose a top buyers agent to help you with your home search.  A top buyers agent knows how to identify if a buyer is possibly experiencing buyers remorse and knows how to help address the problem because of their past experiences. Other Home Buying Resources Are you a Rochester, NY home buyer?  Are you scared of the possibility of having buyers remorse when buying a Rochester, NY home?  The above guide on avoiding buyers remorse in real estate can be a great way to help reduce the chance you'll experience buyers remorse after closing on your Rochester, NY home.  If you're uncertain about the home buying process, contact me as I'd love to opportunity to interview for the chance to represent you as your buyers agent.
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About the authors:  The above article "How To Avoid Home Buyers Remorse In Real Estate" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]>