Warren County Ohio Real Estate News and Observations

6 Tips To Avoid Homebuyer's Remorse

You're about to make one of the biggest financial investments of your life and the last thing you want is to regret your decision.

 

The good news?  There are steps you can take to minimize your risk of homebuyer's remorse.

 

1.  Have your financial ducks in a row.  Find that comfort spot and you do not have to spend nearly as much as the maximum loan you can obtain.

2.  Find an experienced agent to guide you through the process.  There are things you might never think about, pitfalls an agent can warn you about. And if you need a particular kind of house, find an agent that has that specialty.  E.g. if you want a Cincinnati patio home, do you want an agent that knows one or two spots with them, or an agent that knows ALL of them?

3.  Understand your true needs vs. your wants.  You might hear "there's no such thing as a perfect house".  If you've got a long list of things you need AND want, you might find that to be a very true statement. Make sure the key things ARE covered because if they're missing, you may very well regret it.

4.  Understand ALL the expenses that come with a home.  Mortgage.  Taxes.  Insurance.  Utilities.  HOA fees.  Commuting costs.  Maintenance costs.

5.  Understand the community.  Talk to the neighbor(s) if you can.  Check out the crime stats.  School reputation.  Closest medical care, etc.

6.  Think of the future.  Do you expect your needs to change?  Multigenerational in the future?  Like me and years of soccer taking a toll on your knees?  Today's stairs may be tomorrow's barrier.

If you get the major things covered, the likelihood of having buyer's remorse go WAY down.

Want to discuss further?  Just give Bill a call at 513-520-5305 or email/text Liz@LizSpear.com. 

 

 

Serving Greater Cincinnati home buyers and sellers, 

Bill and Liz aka BLiz

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747
William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!
EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418
MailTo:  Liz@LizSpear.com

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 5 comments • Liz and Bill Spear • February 23 2019 12:35AM
6 Tips To Avoid Homebuyer's Remorse
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