Buyer’s remorse
I would venture to say 99.9% of buyers experience this.
Immediately after you buy something, whether it is a car, or an order at MacDonald’s, there comes a sense of “maybe I made the wrong choice” or “I could have gotten something better”.
Buyer’s remorse when purchasing a house is especially pronounced. First, I recognize that it is probably the biggest financial investment you will make and you want it to be a good one. Second, with so many variables in buying a house, it is likely that your chosen house is not perfect, and that makes you feel uneasy. Third, you cannot return a house if you are not satisfied, like you would a pair of shoes.
All these feelings are perfectly normal. Once the seller has accepted your offer, you will undoubtly get some form of buyer’s remorse. All the negatives about the house will come to mind. Friends will advice you to look around some more. You wonder if you can really afford the monthly payment.
Remember that it is human nature to get Buyer’s Remorse. Having these objections do not mean you’ve made a wrong choice about the property. Your mind is merely looking for confirmation that you have indeed made the right choice. I am sure your decision to make the offer was not a rash one, so do not allow a moment of Buyer’s Remorse un-do the process.
List out all the reasons why you made the offer. It is likely that your concerns are the same ones you had before you made the offer, so remind yourself why they did not stop you from making the offer.
Do not second guess yourself. Have confidence that you’ve made the right choice.