Avoiding Buyers Remorse: Questions To Ask Before Closing

Avoiding Buyers Remorse: Questions To Ask Before Closing

Buying your first home can be exciting, but there are homeowners out there who have purchased a home, only to regret it once they actually moved in. This is what’s known as buyer’s remorse. The good news? It’s very easy to learn from those who have come before so that you can avoid regret after purchasing your first home. Let’s take a look at some key questions to ask before closing so that you can remain confident in your purchase and enjoy your home for years to come.

What Is the Community Like?

There’s nothing worse than loving the home you want to live in but finding that you’re not a fan of the surrounding community or even certain neighbors, all of which can make or break your experience in a home. Ask your realtor more about the community and the experience of previous homeowners. 

How Much Did the Seller Buy the Home for?

The housing market can be quite speculative, leading to a major rise in home prices. Ask your agent about previous selling prices for the homes you’re considering. If the current owners purchased the home a few years ago and they have yet to really make any changes but they’re asking for much more than they paid, you may want to reconsider. The financial aspects of the home-buying process mean everything to prospective homeowners, so this is an important question to ask.

How Old Is the Home (and Everything Inside It)?

If you had an inspection and you found that everything was working and functioning okay, you might think you’re in the clear. However, another question to ask is about the age of the home itself and the age of its appliances and features. You don’t want to be surprised by roof repairs or HVAC replacements! Asking about the age of certain elements of the home and specific appliances can help you understand when you’ll need to maintain or replace them. If you don’t have the budget for immediate repairs and you discover your home and certain elements are old, you might discover that the home isn’t right for you.

What Do Closing Costs Look Like?

Closing costs come as a surprise to many new homeowners, even though it’s something they should be aware of when they’re initially conducting research. Don’t let yourself be blindsided by unforeseen costs. Inquire about closing costs and any other fees you should be aware of. 

Find the Right Home With Erica Deuschle & Company

Are you on the hunt for houses for sale in Bala Cynwyd, PA, or Havertown real estate? Trust the Pineapple is here to help you navigate the homebuying process and avoid buyer’s remorse yourself. Contact us today so we can learn more about your needs and find the perfect home for you!

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