Purchasing a house is a huge commitment. There are a lot of factors that go into the process of finding a new one. You’ve selected a house in Mishawaka with the must-haves and might have made some compromises, but how do you know you’ve made the right choice?
Buyers’ remorse is a very real feeling for many people. It can come on suddenly, or it can creep up on you over time. It happens when you realize that you may have made a mistake in buying your house. There are several signs that you may be experiencing buyer’s remorse.
If you feel like you rushed into the decision to buy your house, or if you didn’t explore all of your options, then you may be experiencing buyer’s remorse. Another sign is if you find yourself wishing you had bought a different house. Maybe your house is too small, or too big, and it’s not what you wanted. If these things are causing you stress, then it’s likely that you’re experiencing buyer’s remorse.
Doesn’t Fit In The Budget
Eating ramen noodles almost every night in order to pay the mortgage was NOT what you had in mind when you pictured yourself as a homeowner. Is the house more of a fixer-upper than you realized? Did you end up putting more money into house repairs than you planned on? Maybe this house doesn’t allow for enough entertainment or savings as you hoped. Perhaps your homeowner’s insurance was more expensive than you planned. These are all signs that this house doesn’t fit your budget and you are probably living in the wrong house.
Maybe the house does fit your budget, but what about the neighborhood? Are you able to hear the television over the neighbor’s blaring music? Is there a lot more traffic going by your house than you realized? Does the train wake you up way too early every morning? Do you find yourself shopping in stores you don’t like because your favorite chain grocery store is too far away now? These are all signs that your neighborhood might be an issue and may be living in the wrong house.
Does your new house have well water? When you purchased it, you were happy to not pay high utility bills, but now you realize you are responsible for any well system repair. What if you have to redrill and move the well system? Do you hate lugging around water softener, or having to pay a company to come out and do it for you? Is your municipality planning a utility expansion in your area, and now you have to add another $20,000 to your tax bill over the next few decades? These are signs you might be living in the wrong house.
Perhaps you are totally fine with the house purchase you can afford and love your neighborhood and have no pending utility issues… but you just noticed a crack along the floorboard by the front door. Maybe you dismiss it for the caulk shrinking… and then a few months later, it’s a little bit bigger… and bigger… is your foundation sinking? Maybe there are new cracks by the windows or new water stains on the ceiling… these are all small indicators that your house might have some structural issues. Also, these are signs that you might be living in the wrong house.
How To Escape The Wrong House in Mishawaka?
Mishawaka and Indiana in general have plenty of cash buyers for houses in any shape. These buyers are a great option to get out of your wrong house ASAP, but prepare yourself to accept less than retail price. They will save you a lot of time and hassle by taking the house off your hands. You might be able to restructure your mortgage or transfer loan to another lender. If you feel you’ve been intentionally misled by the seller or real estate agent, you can file a lawsuit against them, or the inspector if their report didn’t include the major structural issues (check with your lawyer). If now isn’t the right time to ditch the wrong house, perhaps renting a room/the house out might be a good idea and sell when the market is best.