Hmmm – is this house, THE house?

submitted by Lynne Kelleher, Berkshire Hathaway Home Services/Fox Roach Realtors Newtown Office

This question, particularly for first-time homebuyers, can keep you up at night!

Here are a few questions to consider that may help you quiet those nudging concerns, so you don’t wake up the next morning with the dreaded disease agents and sellers alike fear most – Buyer’s Remorse.

Can you afford it?

Of course, this question should have been answered before you first stepped foot into the house.

If it hasn’t been – shame on your agent for not insisting you get pre-qualified before showing it to you.

Assuming you can afford it, but it may require an adjustment in your style of living for a while consider this – is it really going to kill you if you can’t eat out three times a week?

If you must go a season without a new pair of shoes that you don’t really need?

Consider the tradeoffs and remember that other than small adjustments in your payment due to tax increases, your payment will remain the same while (hopefully) your income will only increase.

Even if it doesn’t meet every criteria on your wish list, does it check off all your “must-have’s”?

Things you can’t change, like bedrooms, baths and whether it has a basement, should top that list.

Is it where you want to be? Is the commute doable?

Depending on family dynamics, is it too close or not close enough to the fam? Will it still work for you in five years?

I’m not advocating buying more house than you can afford.

However, with interest rates as low as they are, you may want to look long term and stretch to the upper level of your comfort zone in terms of mortgage payment so you don’t have to move again if your family size expands.

Are the things that are giving you pause fixable?

If the must-haves, size, location and setting are right, but the décor is stuck in an 80’s time warp and they had an affection for paneling, are you up to the challenge of making this home your own?

Finally, you can make all the pro and con lists you want, but at the end of the day, either a house “speaks” to you or it doesn’t.

Trust your instincts.