How Avoid Buyer's Remorse

Nacho Average Agent

Sep 6

Have you ever splurged on something from Studio McGee's line at Target then regretted it?

Me neither

But buyer's remorse is a very real thing. Just ask the 64% of millennials who bought a home last year. According to a 2021 survey by Bankrate and YouGov, many millennials bought homes last year then regretted it.

The number one reason? 𝐓𝐡𝐞𝐲 𝐰𝐞𝐧𝐭 𝐨𝐯𝐞𝐫 𝐛𝐮𝐝𝐠𝐞𝐭.

This is one of the main things I talk to my clients about when I'm first setting up their home search. I encourage them to look UNDER budget so that they don't stretch themselves too thin.

𝙅𝙪𝙨𝙩 𝙗𝙚𝙘𝙖𝙪𝙨𝙚 𝙮𝙤𝙪𝙧 𝙡𝙚𝙣𝙙𝙚𝙧 𝙨𝙖𝙮𝙨 𝙮𝙤𝙪 𝙘𝙤𝙪𝙡𝙙 𝙗𝙪𝙮 𝙖 $200,000 𝙝𝙤𝙢𝙚 𝙙𝙤𝙚𝙨𝙣'𝙩 𝙢𝙚𝙖𝙣 𝙮𝙤𝙪 𝙨𝙝𝙤𝙪𝙡𝙙. In fact, I encourage my buyers to start looking several thousand dollars below budget to begin.

Why? Because I know (from Personal experience) buyer's remorse is real. And I know the best way to avoid it is to stay under budget as much as possible (while still getting most everything on your list of must-haves).

My goal isn't just a happy client on closing day - I aim for my clients to be happy with their purchase years later, too. And it all starts with honoring your budget.

Don't live life to support your home; your home should support the way you want to live your life.