September 2021 Newsletter: Coping with Emotions in Real Estate

Hi,

When buying or selling a home, you may feel a lot of different emotions, from joy and excitement to stress and anxiety. This month, we're focusing on emotions in real estate and how to cope with them. We've got a great feature article below about buyer's remorse, what causes it, and how to feel confident after you've made such a major life decision.

On September 17th, Habitat for Humanity Portland Region is holding a Hard Hat & Black Tie Virtual Benefit. It's such a worthy cause and one we're very proud to sponsor!

If you're looking for professional tree care this fall or winter, we recommend Oregon Tree Service, a locally-owned company that focuses on tree health, care, and preservation. They are happy to provide you a free quote for their services.

As always, reach out to us with all your real estate needs,

Paris Group Realty, LLC

What is Buyer's Remorse?

Buyer's remorse is a feeling of regret most commonly felt after making a large or expensive purchase, such as a house or a car. Often the sensation is so strong that some people find themselves regretting signing on the dotted-line or wondering if they can return their purchase.

For homeowners, buyer’s remorse can pop up almost immediately after completing the closing papers or getting the keys. And it’s not uncommon. Studies show that buyer’s remorse happens to a full 52% of all home buyers. After the rush of emotions that comes with purchasing is over, doubts can find new spaces to creep in. Buyers may find themselves wondering if the house was the right one for them, or if there may have been a better one if they had waited to make the purchase. They may also feel they spent too much money or that they purchased in the wrong neighborhood. Some buyers that are still expanding their families worry their home won't be big enough for their future needs.

How to Avoid Home Buyer’s Remorse

Identify what’s causing your feelings. The first thing to do once you find yourself experiencing buyer’s remorse is to identify exactly what's causing these feelings. Have you been talking to friends or family who have been criticizing your new property or feeding you doubts? You might even find that the stress from moving and making the purchase is weighing you down, rather than the house itself.
Reflect on the reasons why you are purchasing the home. Many times, buyer’s remorse comes from the feeling that you spent too much money or spent that money unwisely. It's always good to remember that purchasing property is one of the best investments you can make, as it is a tangible item that often appreciates in value and adds to your wealth. It is likely you will make money if you end up selling the property in the future.
Revisit your goals by focusing on your needs and wants. Next, check that your new home meets your needs and hopefully, some of your wants. When you first started shopping for a home, you likely had a good idea of what your must-haves were for your future home, along with some less important, but still definitive wants. Your future home should line up with most of these needs and wants. Reviewing what’s good about your new home will remind you why you purchased it in the first place and help ease your concerns.
Stop shopping for a new home. Shopping for a house can take a long time, and many buyers sign up for websites, alerts, and more. These things don’t disappear once you purchased your home, so it may be easy to find yourself still house shopping even after you have purchased a home. It’s time to let all these things go, so remove yourself from websites like Zillow, Trulia, and Redfin. Focus your energy instead on the next phase of your life in your new home.
Break the cycle of only finding fault with your new home. If you find yourself being repeatedly critical and finding faults with the new place after you buy, dedicate to changing that hypercritical voice in your head to one that sees the positives of your new home.
Listen to other people’s opinions. There are a lot of reasonable voices out there giving you positive feedback about your decision. Embrace the opinions of your friends, family, and your real estate agent.

Habitat for Humanity Portland Region

We want more people to experience the pride and joy of homeownership. That’s why we are proud to support Habitat for Humanity Portland Region’s mission to triple the number of people in safe, affordable homes in our local communities.

As proud sponsors, we invite you to tune in for the Hard Hat & Black Tie Virtual Benefit on Friday, September 17, 2021 at 5:30PM (PT), to benefit the Habitat for Humanity Portland Region’s efforts to help build brighter futures with more people.

Hard Hat & Black Tie Virtual Benefit

Friday | September 17, 2021 | 5:30PM (PT) – add your calendar!
avstream.me/habitat

We support the work of Habitat because we believe in the partnerships they create with home buyers who gain independence and stability through homeownership.

And when you can support just one family with one home, it creates a ripple effect within the community, the region, and beyond.

Tune in to learn more about the mission, the Triple Your Impact campaign, and for opportunities to support this work, including an online auction opening on September 15 at 12PM (PT).

Learn more and RSVP here: avstream.me/habitat

As we head into the fall and winter months of wind, rain and maybe even a little ice or snow, now is a good time to assess the health and well being of your own shade giving friends. That, is where Oregon Tree Care comes in. A locally owned and operated company, they provide ethical and professional tree care with a focus on community and preservation.

Their team is passionate about trees, and their services range from tree trimming and pruning, tree removal, planting, cabling/bracing, consultations, and emergency services. Visit their FAQ page or Blog for some helpful information, or call (503) 676-5128 to discuss a free quote, which can be done on-site or virtually.

Oregon Tree Care will take good care of your trees!

Considering Buying or Selling a Home?

Many of our clients inquire about the best time of year to buy or sell a home.

For home buyers, late summer or fall can be a great time to purchase a home. There are plenty of homes on the market, and there may not be as much competition for them as in the spring and early summer, when more buyers are on the hunt.

If you're looking to sell your home, any time of year is a good time to sell when there are serious buyers ready to consider your home. While there are definitely some buyers that stop their home search towards the end of the year, there are also those that are relocating, want to move immediately, or have other reasons for upgrading or downsizing their homes. Also, staging for the holiday season can also help sell a home in the fall and winter months.

If you're considering buying or selling your home this fall or winter, reach out to us at (503) 926-5213 or info@parisgrouprealty.com and let's get started today!