Buying a house is a major financial transaction. For most of us, it’ll be among the biggest we’re ever involved in. But money isn’t the only thing you’re committing when you purchase a home, you’re also committing your time. The average home buyer will spend the next five to 10 years living in the house they buy. Which is why it’s important to know exactly what you’re looking for when shopping for a home – especially, in a fast-paced market. You likely won’t have days to debate the pros and cons of a particular property. You’ll have to make a decision quickly, and that can lead to buyer’s remorse. In fact, a recent survey of homeowners who bought in the past two years found 75 percent said they had at least one regret about the home they purchased. An almost identical number of respondents said they wish they’d done at least one thing differently when they were shopping for a home. But while compromise is inevitable as a home buyer, regrets aren’t. Before you begin, make a list of must haves and deal breakers. Knowing where you’re willing to compromise, and where you won’t, will help you choose a house you’re less likely to regret. (source)
