(Closed) FI and I bought a house yesterday

posted 7 years ago in Home
Post # 3
Member
4824 posts
Honey bee

Its common to have buyers remorse on such a large purchase. 

Do you feel you got a good deal? IE is it worth what you paid? If so, then dont worry about what the other offers were (yes, easier said than done)

If you continue to have doubts maybe the inspection will give you some reason to back out, but focus on the good. 

If you are worried about the savings, maybe setting up a saving plan to re-establish your cushion will help you come to terms with spending the money now.

Congrats!

Post # 5
Member
3943 posts
Honey bee

Try not to think about if there were other offers. The exact same thing happened to use last year, we put in an offer over asking because their agent said they got another offer. To this day, we don’t know if its true or not. We never will. But the house is perfect for us so it doesn’t matter.

Its normal to be a little nervous, but you should  be excited also!! Owning a house is an amazing accomplishment and privledge.

Post # 6
Hostess
18643 posts
Honey Beekeeper
  • Wedding: June 2009

I wouldn’t count Zillow as an accurate estimate.  Did you see costs of comparable homes that have sold recently?

Post # 7
Member
4419 posts
Honey bee
  • Wedding: December 2010

Congratulations! 

It’s normal to have buyer’s remorse. It’s a HUGE purchase.  But you’ll get over it once you start thinking of it as your home instead of a house you bought. 

 

Post # 9
Member
4419 posts
Honey bee
  • Wedding: December 2010

Oh! Definitely don’t rely on Zillow!!!  DH and I went to look at a house that Zillow had valued at $175,000. It was being sold for $44,000… but it wasn’t even inhabitable! Certainly not worth $175K!!!  Not even work $44K!

 

Post # 11
Member
2233 posts
Buzzing bee
  • Wedding: September 2012

It’s totally normal to feel this way. My SO almost had a breakdown after buying his place and especially after seeing his first mortgage statement a year later and seeing no difference!

If you were dealing with a Realtor they have to abide by certain rules and ethical guidelines. They are not supposed to tell you that there is another offer if there isn’t, they can lose their license this way.

Post # 12
Member
11325 posts
Sugar Beekeeper
  • Wedding: February 2011

I almost ALWAYS have buyers remorse about any big thing. Like seriously everything… buying my car, buying the house, buying furniture, even adopting my pets. Its like I get really excited, commit, and then go through a few days of omg-what-have-i-done-the-money-the-responsibility-omg. It’s just a process. In the end I’m always so glad I’ve done whatever it is I did because I know I thought it through… it is just hard to make big decisions.

Post # 13
Member
2114 posts
Buzzing bee
  • Wedding: November 2012

We ended up paying $30,000 over asking in a bidding war (it was common at the time we purchased) and those thoughts went through my head EXACTLY ! there were actually two offers higher than ours but they went with ours because we had less conditions. Dont worry – enjoy it ! I love our house and wouldnt have traded it for anything!! love love love love it ! CONGRATS!!!!

Post # 14
Member
1052 posts
Bumble bee
  • Wedding: March 2011

It sounds like it’s just normal buyers remorse 🙂 You could always have the house appraised if you were really concerned that you’re over paying. 

Post # 16
Member
1126 posts
Bumble bee
  • Wedding: April 2011

Congratulations, that’s so exciting!  I definitely know about the buyer’s remorse thing – totally normal.  Fiance and I found out our offer was accepted literally an hour before we took our engagement pics, and there are a couple shots in there where we both have these terrified looks on our faces (we were supposed to be pensive, but were clearly distracted).  It’s actually funny looking at them now!

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