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It took me over a year to stop second-guessing myself after buying my house. There are just so many variables that you will wonder for a while if you made the right decision, no matter how well you did.
What are the most common reasons for buyers remorse? Are they more about the house itself (not as what you like, etc.), or more about the expense (mortgage, maintenance & fixing...)?
What are the most common reasons for buyers remorse? Are they more about the house itself (not as what you like, etc.), or more about the expense (mortgage, maintenance & fixing...)?
I don't do buyer's remorse with my clients because I won't write the offer if they are skittish, but what I see is lack of patience. Home buying can be a really exhausting process. I see a lot of anxiety from buyers when they start to get antsy and tired of looking. Sometimes they try and jump into a house that isn't right for them. I can totally see remorse kicking in at that point.
I have a 1960's fixer that we are pretty much gutting so I am up on costs of remodeling. I talk a lot with clients about the real cost of maintenance. I haven't found home price to be an issue personally but I did have a friend (before I was an agent) make an offer on a house that pushed their finances too far. After they looked at the GFE and realized how high their mortgage payments would be they backed out.
I think better preparation on the front end by real estate agents can remove a lot of the buyer's remorse issues.
Since the house is now yours, why wait for the keys if they have no right to keep holding on to them? I'd get a locksmith and get into the house. Plus, you would want to change the locks anyway.
My buyer's remorse continues to some small extent, but mostly because of factors outside the home, such as lack of backyard space or thoughtless and not-so-neighborly neighbors.
I have owned 22 houses and have experienced buyers remorse with each and every one of them! Some I just bought for investment and did fine and STILL can find a twinge of remorse about some aspect of owning the place. LOL!
Since the house is now yours, why wait for the keys if they have no right to keep holding on to them? I'd get a locksmith and get into the house. Plus, you would want to change the locks anyway.
My buyer's remorse continues to some small extent, but mostly because of factors outside the home, such as lack of backyard space or thoughtless and not-so-neighborly neighbors.
It's a huge step buying a house. I can't believe they didn't give you the keys at closing....what is the reasoning behind that? I thought keys were always given at closing. I mean, once you close the house is your...so the keys should be too. Like someone else said, DEMAND those keys...they are yours!! You're the one making the payment on the house. So unless they are going to kick back some money to you (highly doubtful) get those keys. You're payment isn't going anywhere, you're going to have to pay and you're not even living in it yet. Call the real estate company and tell them you are coming to get the keys!
I just closed on a house last Friday but regretted it ever since. Its now Monday but I still haven't received the house keys yet from the agent. Is there any way to get out of buying this house?
I don't think I would have left the closing without MY keys to the house I had just purchased.
I don't think I would have left the closing without MY keys to the house I had just purchased.
Again, it depends where the OP is located and their closing procedures.
Here, and in many states, there is no closing table. Buyer and seller sign closing documents independently, usually a few days before the closing date. If financing, our contract requires the buyer to sign at least 3 days prior to allow for loan processing/funding. When the deed is recorded the day of closing, then it becomes the buyer's home and they can get the keys. The buyer's agent has to wait for the title company to confirm recording, then the agent coordinates with the buyer to hand over keys. I usually try to hand keys the same day of recording, but it depends on the buyer's availability.
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