The home-buying process can be such a roller-coaster of emotions. The thrill of the chase, the offer of a contract and then............the seller's accept your offer. What??? We were just kidding!
I've had customers respond to my "Congratulations!! They've accepted your offer!"" with "Is it normal to want to throw up???" After all my hard fought negotiations, that's hardly the response you want ....but, you know what? It's perfectly normal!!
An accepted offer IS a legal, binding offer w/a deposit. Contingencies are potential exits from an accepted contract based on a failed home inspection, failed septic inspection (where applicable), inability to finance the property, or inspection of condo docs that aren't satisfactory.
Asking many, many questions of your buyer's agent eliminates most cases of buyer's remorse, however. And even if it happens........it usually passes pretty quickly. The satisfaction of owning your own home is a GREAT feeling as well as a smart decision. This usually over-rides those niggling "Are we doing the right thing?" thoughts. Is buyer remorse fatal??? Not in my experience!
Anita
Providing safe navigation through every real estate transaction.