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Buyer's remorse
9ja4life
Posts: 226 Forumite
Anyone felt as if they were making a mistake when buying their home? Did you go ahead? Does it go away?
Can't put my finger on it but I really feel we're making a mistake buying the house we're currently purchasing. OH thinks otherwise as he just wants to get out of rented!
Can't put my finger on it but I really feel we're making a mistake buying the house we're currently purchasing. OH thinks otherwise as he just wants to get out of rented!
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Comments
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There are too many specifics for us to comment on your own situation, but I think the general feeling you describe is quite normal and due, in a large part, to nerves relating to the financial commitment.
How will the mortgage payment compare to your rent each month? Is the location good for you both?0 -
Absolutely normal to have reservations, as glasgowdan says, largely down to the financial commitment. I had something very similar recently, and questioned whether I was doing the right thing. I think it was largely down to the numbers involved and the fact that we were coming up to exchange (which obviously is the point of no return). If you are thinking you are making a mistake I would think about what it is you actually want and if the house meets your needs.
Is there anything in particular you can put your finger on? Something about the house/area?0 -
Yes. Twice. Didn't buy the first house (and it cost us the survey and solicitor fees) because it felt wrong.
Felt the same with the second but pressed on. That was two years ago and we are happy here now.
I really think we would have been happy with the first one now too.
Nothing wrong with nerves but make sure you have a reason you understand for having them.0 -
Anyone felt as if they were making a mistake when buying their home? Did you go ahead? Does it go away?
Can't put my finger on it but I really feel we're making a mistake buying the house we're currently purchasing. OH thinks otherwise as he just wants to get out of rented!
You are not going to get the perfect house there is always going to be a compromise. You don't have to live there forever just for now.0 -
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Unless you're lucky enough to be able to afford to buy your dream house, then I think it's quite normal to have worries/doubts. We went for another viewing the other day on the one we're buying and I walked round thinking my god, what are we doing?!
The one thing I personally wouldn't compromise on is location (unless you're not planning to stay long).0 -
Actually being in the position of buying with all the hassle that goes with it can make you feel that way, but if you really love the house it will disappear when you get the keys and move in. If you don't love the house then rethink by all means, but take a step back and decide if it's the stress of buying or the house itself making you feel this way.0
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I didn't doubt the wisdom of what I was doing during the process, but did have a huge sense of dread when I got the keys and walked into my new place: from that moment on, I knew I was committed to 30 years of mortgage payments, so I couldn't lose my job, get sacked etc without losing (in my mind) everything.
Why do you feel being in rented is preferable to having your own place?0 -
ReadingTim wrote: »I knew I was committed to 30 years of mortgage payments, so I couldn't lose my job, get sacked etc without losing (in my mind) everything.
If you continue to rent you're committed to a lot more than 30 years of rental payments. Add those up and you're looking at a lot more than a mortgage, they never end and you never own a thing.0 -
westernpromise wrote: »If you continue to rent you're committed to a lot more than 30 years of rental payments. Add those up and you're looking at a lot more than a mortgage, they never end and you never own a thing.
I was living with my parents previously, so could be a little more relaxed about spells of unemployment. Your points are pertinent to the OP however, which was why I raised the question.0
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